Insurance

Allianz Malaysia GWP soars to $990m in 2021

The life insurance subsidiary grew by 8.2% in the first nine months of 2021.

Singapore general insurance industry to skyrocket to $4.2b by 2025

It is expected to grow at a compound annual growth rate of 5%.

Zurich Life launches first critical illness plan

The plan offers protection for major critical illnesses such as cancer and heart diseases.

3 out of 5 Malaysian motorists lack flood insurance

Only 34% are covered by flood damages such as falling trees.

Tokio Marine transforms non-life subsidiary to insurtech

It plans to position the new insurtech as the digital R&D hub of the group.

Bulk of Hong Kong homeowners mistaken about fire insurance

Only 4% of surveyed homeowners knew precisely what it construe.

Kyobo Life to go public by H1 2022

The insurer also plans to become a financial group.

AMA proposes health savings scheme for millennials

This is to encourage them to obtain and retain their private health insurance.

Allianz gets nod for full control of China life business

It will become the first wholly foreign-owned life insurance company in China.

Generali GC&C names Asia head of casualty underwriting

The new head has worked in several markets including Korea, Taiwan, and Hong Kong.

Taiwan approves health insurance for migrant workers

The insurance plan specially covers those who are infected with COVID-19.

HSBC appoints global CEO of HSBC Life

Greg Hingston was the former wealth and personal banking head in Hong Kong.

FWD Singapore and Surer launches maid insurance plan

Customers can pick and choose from a list of 10 product features based on their needs.

9 out of 10 of insurers worried over climate risks 

Insurers said this will have a significant impact on portfolio construction.

Gallagher hires new senior execs to supercharge Asia growth

Thomas Wang and Leng Leng Ng will lead Asia and Singapore.

Australia classifies insurers as emergency responders

The Insurance Council of Australia welcomed the updated protocol for insurers.