Insurance

Fubon Life first-year premiums surge 80.6% YoY in January

Fubon Life first-year premiums surge 80.6% YoY in January

Direct written premium hit a record high of NT$7b, driven by commercial lines’ double-digit growth.

S’pore Reinsurers’ Association becomes founding member of global advisory council

The council aims to increase efficiencies and digital readiness among stakeholders.

NDIS establishes task force for improved registration system

Risk-proportionate regulatory model and a new provider risk framework are initiatives in mind.

S. Korea’s FSC proposes corporate governance revision for financial firms

The revisions include the adoption of responsibilities maps and management of internal control duties by executive officers.

India’s non-life sector driven by health, motor in January

Geopolitical tensions and elevated inflation could affect the sector in the medium term.

Motor insurance segment in S. Korea to exceed $19b by 2028: GlobalData

Healthy loss ratio driven by lower claims will assist insurers in re-assessing their risk exposure.

KoverNow to incentivise policies, 15 Max Miles for every SGD spent

The insurtech partnered with Max Miles to reward purchases of travel and items coverage.

Actuaries Institute urges policy shift to address retirement challenges

About 16 million Australians are facing challenges when it comes to retirement.

S’pore’s life industry dips 3.9% YoY in weighted new business premiums 2023

Fourth quarter 2023 saw an increase in the uptake of both annual and single-premium products.

WTW, Solomon Agency partner to provide insurance solutions in South Korea and Vietnam

It plans to offer risk transfer services to clients in South Korea, Vietnam, and other parts of APAC.

Gallagher India reveals new CEO

She held various positions in Gallagher since 2019.

Total claims payout from Noto quake at JPY20.5B

Accepted claims for the incident was tallied at 76,497.

Why embedded insurance is a must-have

An estimated 16% of Asian insurers’ revenues are now derived from embedded insurance.

Manulife Financial reports $5.6b net income for 2023

Earnings per share is $2.62 for the period