Insurance
Manulife Q3 net income drops 23% to $1.59b
Manulife Q3 net income drops 23% to $1.59b
However, YoY results saw an increase of 18% compared to 2020.
Australia’s 2022 nat cat claim to reach whopping $770m: IAG
Extreme weather events have raised IAG’s expectation for natural perils claim costs.
Willis Towers Watson fully acquires Indian business
The insurance broker currently owns 49% of WTW India.
HKIA inks MoU with the Insurance Complaints Bureau
The agreement will help expedite the handling of claim-related disputes.
Indonesian credit insurers to face increased claims: Fitch
Despite this, they are still expected to comply with regulatory requirements for capitalisation.
Asia commercial insurance prices climbs by 6% in Q3
Meanwhile, global commercial insurance prices increased by 15%.
Manulife Hong Kong appoints former Prudential head as COO
Candy Au Yeung has over 20 years of experience in life and medical insurance.
MSIG Hong Kong announces partnership with CoverGo
CoverGo will help the insurer build a new end-to-end system for its health insurance business.
SBI General launches health insurance with Google Pay
This marks Google Pay’s first partnership with an Indian insurer.
8 out of 10 Singaporeans open to private mental health insurance
Consumers are keen to be covered for conditions such as anxiety and depression.
PolicyPal purchases US-based fintech firm
The Singapore insurtech firm plans to expand its financial products with the new acquisition.
MAS zeroes in on digitalisation to strengthen financial resilience
A MAS executive warns of increased cyber attacks against insurers.
Sun Life appoints new president of Asia business
The financial veteran will be responsible for the health and wealth management businesses.
Sun Life Singapore appoints Michael Wei in newly created role
Wei will be leaving his position as Sun Life’s Chief High Net Worth Officer.
M&A deals to further consolidate Singapore’s life insurance industry
The top insurers are to gain more share in an already concentrated market.
Philippines allows non-life insurers to offer agriculture cover
Agricultural insurance has a low penetration rate in the country.
IAPS pushes to insure unborn children for birth defects
At least one major Indian insurer has agreed to provide cover.
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