Insurance
Sompo Japan Nipponkoa taps US startup One Concern for AI solution
Sompo Japan Nipponkoa taps US startup One Concern for AI solution
The app will let users simulate disaster-related scenarios.
ZhongAn Online premiums hit $1.68b in 2018
The company is China’s first online-only insurer to break the $1.49b premium mark.
Insurance payments for migrant workers in Korea surged 75% to $349.61m in 2018
Korean law requires all foreign workers, especially those with E9 or H2 visa, to be insured.
Philippine life insurance premiums jumped 20.4% to $3.32b in 9M2018
Premiums from variable life insurance products hit $2.48b.
FWD Takaful Berhad names Salim Majid Zain as CEO
He was formerly CEO of Zurich Takaful Malaysia.
Hong Kong's FWD Group in talks to acquire Siam Commercial Bank's life insurance business
The firms were previously in talks for a possible $3b sales of SCB Life Insurance.
Chubb names Serene Neo as Singapore division head of accident & health
She previously spearheaded the development of retail banking and payment products at a local bank.
Philippine insurtech startup Saphron clinches $1m seed funding
It will optimise AI and real-time data analytics for customer service.
Grab ventures into SME lending and micro-insurance
One product is a post-paid and installment payment service called Pay Later.
APAC insurance deals up 40% in 2018: report
There were 59 completed M&As last year from 42 in 2017.
China Life's insurance premiums surge 22.4% to $28.17b in January-February 2019
This compares to the 4.7% growth in the same period last year.
Great Eastern offers modular insurance plans in Samsung Pay
Available products include a personal accident plan and a home insurance plan.
Indonesia life insurance premiums down 5% to $13.05b in 2018
Income from the bancassurance channel took a hit.
AIA operating profit jumped 13% to $5.3b in 2018
Annualised new premiums grew 15% to $6.5b.
Hong Kong general insurers reverse from loss to $74.27m profit in 2018
Overall net premiums hit $4.49b.
Korea to tighten health insurance for expats
Foreigners with delayed insurance payments will face visa-related penalties by May.
E-commerce firm Synagie Corporation unveils lifestyle insurance mobile app
Kaisu.me will provide a 12-month accidental screen damage protection for new mobile phones.
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