Insurance
Japanese insurer plans merger of European branches
The merger is aimed to be completed around the summer of next year.
Zurich acquires AIG's travel insurance business
The acquisition is worth $600m.
Singapore leads in cyber insurance with 96% adoption rate
About 76% of businesses reinforced cyber defences to qualify for insurance.
Lockton bags 4th year of double-digit growth in organic revenues
It climbed 14% YoY.
AXA Hong Kong’s new plan covers 135 critical illness
This series provides up to 1,300% of the sum insured for major illnesses.
nib NZ maintains solid underwriting earnings
Its capital adequacy remains sturdy.
Insurance pivotal in risk resilience enhancement: Marsh
“There is No Planet B” author urged the sector to factor in risks of ongoing polycrisis.
India gains global interest from Zurich acquisition
India's financial services sector remains significantly underpenetrated.
Japanese insurers seeking alternatives to lower hail risks
2024 could potentially exceed ¥150b ($0.94b) in insured losses.
Indonesian insurtechs funding lead despite 79% industry nosedive
Total tech funding raised in the first half of the year amounted to $191m.
Oneglobal broking gets new Hong Kong executive
He will oversee the growth and development of Hong Kong and China businesses.
Climate change impacts wind turbine infrastructure, insurers advised
A 10% decline in wind speed can result in over a 30% reduction in output.
Prudential’s share buyback programme could narrow capital buffer
The buyback accounts for 11.2% of Prudential's 2023 reported shareholders' equity,
Japan’s life insurers face moderate credit risk
Thanks to their notable allocation to fixed-income investments.
ICA gives two thumbs up to new building code decision
Enhancing home resilience against weather could save an estimated $4b yearly.
GST Council reviews reinsurance, co-insurance tax status
An 18% tax is usually levied on any supply of service.
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