Insurance
FTLife changes name to Chow Tai Fook Life
FTLife changes name to Chow Tai Fook Life
The insurer plans to rebrand in the third quarter of the year.
AIA’s new business value jumps 31% YoY in Q1’24
Its China, Hong Kong, Thailand and Singapore business saw double-digit growth.
1 in 3 executives dread political risk in 2024
More than 60 countries are holding elections this year.
Insurance rates decline in Q1’24
Rates in catastrophe-exposed regions were stable despite declines.
Great Eastern witnesses 26% YoY profit surge in Q1’24
Its new business-embedded value leapt 21% YoY.
PT Axle Asia revamps as bolttech
bolttech completed the acquisition of the majority stake in Axle Asia in late 2022.
Arthur J. Gallagher & Co.’s Q1’24 earnings surge 26% YoY
It closed a total of 12 acquisitions during the period.
Aon's revenue climbs 5% YoY in Q1’24
Earnings per share stood at $5.35 during the quarter.
Which pet breeds are the most expensive to insure?
Southern Cross Pet Insurance paid a total of AU$30m in claims last year.
Russian marine insurers secure India's approval: Report
The approval came after the Russian National Reinsurance Company provided financial guarantees.
IRDAI explores improved insurance distribution methods
Participants discussed industry readiness for transitioning to Risk-Based Supervision and Capital frameworks.
Prudent underwriting boosts Shinkong's claims experience: AM Best
The company saw a double-digit growth in capital and surplus in 2023.
Four key policies to change Vietnam’s health insurance law
93 million Vietnamese individuals have health insurance.
The global insurance market projects a 4.5% CAGR increase by 2027
Demand for car and travel insurance is increasing, amidst mandatory coverage.
30% of Malaysian millennials grasp insurance basics
66% of Malaysians feel like they can reach their long-term financial goals.
Low penetration rates challenge Indonesian insurance
Innovations and regulatory support to help drive growth in the insurance sector
Synthetic data to power 40% of insurance AI by 2027
Addressing privacy and bias concerns through innovative data use.
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Industry experts push for the rapid progress of unified customer data as a starting point.
