Insurance
IRDAI modifies master circular on unclaimed amounts of policyholders
IRDAI modifies master circular on unclaimed amounts of policyholders
The IRDAI reminded insurers to make better efforts in terms of payment of dues.
S&P Global Ratings forecasts earnings surge to $3.6b in 2024 for Swiss Re
Its life and health reinsurance segment is projected to reach $1.5b in profits.
Regulatory shake-up threatens Vietnam’s bancassurance sales
Bancassurance activities will face stricter management, under the amended Law on Credit Institutions.
AXA XL Reinsurance CEO ‘bullish’ for 2024
The CEO said a shift towards a more balanced relationship between insurers and reinsurers, with a clearer division of labour, in terms of the renewal...
IFRS 17, K-ICS weakens average solvency ratio
The adoption of K-ICS drove operational strategies of Korean insurers to focus on expanding sales of protection-type products with high profitability...
IAG New Zealand’s first-half GWP leaps nearly a quarter from last year
The NZ business has processed more than 52,000 claims from the increasing risks and extreme weather events in 2023.
Over two-thirds of New Zealanders fret over house insurance costs
Consumer NZ urges New Zealanders to review their current level of cover and shop around.
HK insurance firms willing to invest in tech attract candidates in the sector
Insurers in Hong Kong earn HK$18,000 to HK$200,000, depending on the applicable department and job role or level.
Singlife ramps up interest rates of flagship digital savings plan
Half of Singaporeans find it hard to meet conditions for maximum interest rates on savings accounts.
United Overseas Insurance profits surge 55% YoY FY’23
Earnings per share during the year was 47.85 Singaporean cents.
HKIA warns of risks in premiums financing, “double-edged sword”
The authority urges insurers to seek professional advice before premium financing.
NorthStandard sees rise in premium earnings since merger
Its gross tonnage (GT) rose to 256 million as of 20 February.
Transamerica Life Bermuda unveils improved HNW plan
It also offers a variety of index account options, including a focus index account tracking major indices' performance,
IAG's GWP surges 12.5% 1H’24
Profits from its insurance business accumulated $403.3m (AU$614m).
NDIS participants see improved employment opportunities
The National Disability Insurance Scheme (NDIS) participants feel they have more control over their choices in over three quarters.
India’s residents feel more financially secure in 2024
Insurance ownership increased to 31% from 30%.
QBE reports strong premium growth, up 10% YoY
The group’s performance was partially offset by short-tail prior-year development.
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