Insurance
Hong Kong life insurers' 2020 revenue premiums jump to $70.6b
Hong Kong life insurers' 2020 revenue premiums jump to $70.6b
But new office premiums shrank 22.8%.
Hannover Re predicts growth in APAC P&C reinsurance
It has transferred its P&C underwriting from Hanover to Asia.
Thai insurers gain from new funding rules: report
Capital bonds as alternative funding may boost sector capital adequacy.
Australian regulator seeks feedback on add-on insurance sales model
It pushes for a four-day pause for a principal product sale and add-on sale.
Indian cabinet OKs higher FDI limit for insurers
The revisions will now be introduced to Parliament.
APRIL International, Ephesoft partner for automated claims processing
APRIL will first launch the Ephesoft platform in Hong Kong.
AIA 2020 OPAT inches up 5% to $5.9b
Value of new business fell 33% in the same year due to operational changes.
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Tokio Marine probing validity of Australian unit's Greensill policies
Greensill has filed for insolvency after losing coverage for debt repacking business.
Taiwanese insurers gain from higher limit on foreign currency policies
It will incentivise sale and back overseas investments, an analyst said.
Chinese insurers' gross premium income jumps 11.6% to $155b
Life insurers' premium income rose 13.5%.
Australian regulator warns of bad trends in superannuation
There has been decay in group life insurance claims in 2019 and 2020.
Indian insurtech Turtlemint raises $46m in funding round
It will use the money to expand its distribution reach.
Indonesian takaful market gaining ground despite low penetration
The low market share is driven partly by the still-nascent Islamic finance ecosystem.
Sumitomo Life to keep mortality margins: report
Core profit margin remained high at 18% in H1 FYE2021.
Chubb names Peter Kelaher as Australia, New Zealand country president
Chubb has appointed Peter Kelaher as country president for Australia and New Zealand.
Australian general insurers' 2020 net profit nosedive 99% to $26.8m
Catastrophe claims and BI provisions were amongst the reasons.
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