Insurance
APAC’s insurance rates in Q4’23 flat, rises 2% globally
APAC’s insurance rates in Q4’23 flat, rises 2% globally
This is the 25th consecutive quarter composite rates climbed.
Malaysian Re's conservative investments bolster balance sheet
AM Best forecasts strong capitalization for Malaysian Reinsurance Berhad.
Younger generation more inclined to purchase life insurance
Oliver Wyman Hong Kong reveals growing consumer focus on health and critical illness coverage, with younger demographics showing increased concern.
Prudential HK makes new appointments in management
Liang Huijia and Cai Mingxiong began their terms last December.
PICC’s 4Q’23 earnings to rebound: UOBKayHian
Improvements in underwriting and reduced natural catastrophe losses contribute to the outlook.
ICA CEO addresses House Committee, acknowledges failures in 2022 flood response
Despite the efforts of insurers and their personnel working around the clock, some systems and processes fell short, the CEO admitted.
Australian group advocates for strict regulation on genetic test use
The Council of Australian Life Insurers calls for gov’t regulation.
Fusion forms partnerships with Antares, Beazley, Everest for SME business
Fusion’s standalone directors and officers (D&O) liability insurance will benefit from the collaboration.
Fubon Insurance gets boost from parent: AM Best
Both Fubon Insurance and the group’s Vietnam arm have shown sturdy finanacials.
Health insurance amongst top priorities for job seekers in SG, HK
76% of tech hiring managers in Singapore and Hong Kong found recruitment highly competitive in 2023.
Manulife Investment, Indonesia partner for infra development
A growing demand for logistics properties is seen due to Indonesia's e-commerce market growing rapidly.
Howden taps David Shalders as group COO
Shalders will report to CEO David Howden in London.
IRDAI overhauls regulations for Indian insurers, prioritising business ease
A committee has been placed to form recommendations to the IRDAI.
HKIA applauds Article 23 consultation for legal enhancement
This initiative hopes to improve the legal regime of the industry in Hong Kong.
Japanese life insurers poised to surge $350b by 2028: GlobalData
The industry should increase 4.6% in 2023.
Aon revenue jumps 7% YoY in 2023
Net income for the year fell to $2.6b.
WTW's new parametric policy protects vulnerable South Pacific reefs
The coverage allows for rapid payouts, supporting reef recovery efforts and community assistance activities following cyclones.
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