Insurance
Canopius profits surge 53% in H1 2024
Canopius profits surge 53% in H1 2024
Insurance contract written premiums also climbed 23% YoY.
Coface’s H1 2024 net income climbs 10% YoY
This was equivalent to $156.5m in earnings for the period.
Robust capital aids premium growth in China
Companies with higher IFS Ratings typically exhibit more stability.
Nippon Life sees benefits from rising rates, market diversity
Revenue and profit for FY 2024 are projected to decline.
Qoala boosts leadership to expand regional presence
It is also launching its second Employee Stock Option Plan (ESOP).
PSC Insurance Brokers acquires Eastern Prudential
Eastern Prudential will move to the Sydney branch.
Economy to drive Sri Lankan insurance market, says central bank
In 2023, the sector contributed 0.8% to GDP, penetration rates remaining below 2%.
Manulife offers one of highest welcome bonuses for investment-linked plan
The plan offers 60% of the annual premium
High interest rates threaten Korean insurers' profitability
The profitability of Korean non-life generally falls below the ratio guidelines.
Crawford’s new model streamlines claims across Asia for Japanese insurers
It aims to adapt to the Japanese business culture, customs and etiquette.
A complement, not replacement: Understanding parametric insurance
With rising disasters and cyber-attacks, parametric insurance offers an alternative to traditional indemnity-based coverage.
VINARE bags $14.27m pre-tax profit in H1 2024
It targets to reach pre-tax profit of $20.2m by yearend.
Life Insurance Corporation of India eyes ~3% growth in new business margin
It also announced plans to acquire a majority stake in standalone health insurance.
Hannover Re’s net income climbs 21% YoY in H1 2024
Earnings per share stood at $10.59.
Nearly half of Hong Kong workers report mental strain, desire to leave
41% are planning to work from home to avoid workplace interactions.
Fukoku Life's solvency ratio expected to reach 300%
Positive investment spread will continue to widen over the next 3-5 years.
Hollard Australia’s capital remains solid until 2026
It will also benefit from its acquisition of Commonwealth Insurance.
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