Insurance
APRA inserts AU$20m more in capital requirement to RAC Insurance
APRA saw significant weaknesses in RAC's outsourcing controls, conflict management, and board decision-making processes.
APRA inserts AU$20m more in capital requirement to RAC Insurance
APRA saw significant weaknesses in RAC's outsourcing controls, conflict management, and board decision-making processes.
Health insurance amongst top five benefits S’poreans are looking for in jobs: Survey
Eight out of 10 companies are facing tough competition when hiring.
MSIG bolsters EV coverage in Singapore
Electric vehicle usage in Singapore surged 200% since 2021.
Asians prioritise financial planning the most when falling ill: Peak Re
Six out of 10 Asians fear cyber security attacks.
Allianz Trade APAC appoints new HK commercial director
Tricia Koh will oversee commercial activities in Hong Kong, Taiwan, and South Korea.
Ping An’s 9M23 profits register $12b
Retail customers reached almost 230 million, with a contract ratio of 2.99.
Great Eastern profit attributable to shareholders grew 21% in Q3
It increased to $180.2m.
Sompo Int’l assigns new lead for crisis management, commercial P&C insurance
Chiew is based in Singapore and joins from AXA, where she was a senior underwriter.
Marsh plans of Japan joint venture with MST Insurance Service: Report
The venture plans to offer specialised corporate insurance recommendations.
HKFI approves of HKSAR policy address
The chief executive acknowledged the vital role of marine insurance in terms of maritime services.
Allianz Commercial appoints Jude Cross as Asia’s head of property
Cross has more than 20 years of experience in the industry.
Retirement income competency lags in Asian markets
Post-pandemic, retirees face new risks such as inflation and rising interest rates.
China’s commercial endowment insurance services to expand to meet increasing demand
The programme will become a regular business operation.
Indonesia’s new regulation seen to boost takaful sector – Fitch Ratings
This is expected to strengthen the business profiles of takaful businesses and the sector.
Higher domestic rates could raise investment income of Japanese life insurers: AM Best
Japanese life insurers may face a higher debt burden when they need to refinance their existing debt.Â
China’s insurance sector sees steady Q3 growth in assets
It rose 10.8% to an estimated $4.12t.
Taiwan’s non-life operating performance ‘likely’ to stay afloat in 2023: AM Best
Recovery in the capital markets and reserve releases will support the industry’s performance.
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Outdated systems cause data breaches, dragging the Philippine insurance market’s growth potential
![Outdated systems cause data breaches, dragging the Philippine insurance market’s growth potential]()
Insurance
Insurance experts warn of poor systems leading to the disruption of digital adoption, whilst partnership opportunities could boost growth.
Insurance experts warn of poor systems leading to the disruption of digital adoption, whilst partnership opportunities could boost growth.
