Insurance
Aussie life insurers post $774m net profit
Aussie life insurers post $774m net profit
Only ILS reported a profit amongst risk products for the year ended March 2021.
Hong Kong insurtech FuSure granted reinsurer licence
It is majorly owned by Tencent.
Pandemic worsening Indian non-life insurers' headwinds
Short-term operating pitfalls will affect earnings and capital positions.
Indian insurtech Plum raises $15.6m in funding round
The funds will be used to scale engineering, business and operation teams.
Philippine insurers to shift towards new accounting system by 2025
Insurers may start to adopt the PFRS 17 in 2023.
HK regulator fines two insurance broker firms for non-submission of financial docs
One of the firms has had its licence suspended.
HK regulator extends measures on non-physical product distribution
It covers the online distribution of QDAP, VHIS, amongst others.
China regulator proposes revisions on reinsurance
It seeks to tighten its watch especially on concentration and overseas risks.
Chubb makes senior management shuffles in APAC
It has also created a new role for consumer lines.
Driving a tech-focused insurance future
Hong Kong’s ZA Insure is benefitting from a technology backing and some important partnerships.
Philippine insurers shell out $80.93m in 2020 COVID-19 claims
Almost $25.4m (PHP1.22b) comprised death benefits.
Australia's HBF acquires CUA's health business
CUA will use the funds from the sale to boost its banking line.
China drafts tables to improve accident insurance pricing
The tables aim to weed out products with low compensation rates.
India's Star Health to raise $275m for IPO
It will be the fourth private insurer to list on Indian stock exchanges.
Singapore's Surer launches insurance quotation marketplace
The platform was built specifically for intermediaries.
Five reinsurers apply for Nepali licence
Only one reinsurer is currently operating in the country.
Aviva Singapore names new group CEO
Pearlyn Phau Yee Meng will also be the executive director.
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