Insurance
S’pore regulator proposes simplified process for affordable insurance policies
S’pore regulator proposes simplified process for affordable insurance policies
MAS now proposes to reduce information requirements for term life insurance and standard critical illness policies.
Orderly 2024 reinsurance renewals show stability amid industry concerns: S&P Global
Reinsurers are showing interest in the property catastrophe business, benefiting primary insurers.
AXIS Capital's 2023 net income soars 79.2% to $346m
Its book value per diluted common share witnessed an uptick to $54.06.
Sunshine Insurance to have strong capital by '23-'24 with $970m bonds
The insurer will likely maintain a large holding of high-risk assets for better yield.
RenaissanceRe reports $2.5b 2023 net income
Its underwriting income stands at $1.6b.
Japanese non-life insurers navigate uncertainty despite stable outlook: AM Best
AM Best emphasises the need for a strategic approach to risk management.
Only 5% of real estate investors confident about having proper insurance
According to a WTW report, 64% of real estate managers struggle to secure suitable insurance in hardening market.
Taiwan insurers reach $3.1b profits in December ‘23
The overseas investments of life insurers yielded net gains of $16.5b.
Sri Lanka's non-life insurers grapple with profitability under new premium directive: Fitch Ratings
NITF's failure to renew reinsurance cover for SRCCT and the non-renewal of retrocession cover pose risks to its capital position and earnings.
Sun Life HK expands healthcare services for cross-border residents
The high demand for this expansion is driven by demographic shifts and government support for medical collaboration between Guangdong and Hong Kong.
HK regulator sets 50% insurance mandate for cryptocurrency exchanges
Thirteen entities are currently in the application process for virtual asset trading licences.
Leonteq extends digital offerings to insurers
The platform allows real-time monitoring.
FTLife taps various industry players to expand business network
The move aims to expand the insurer’s reach in the GBA.
Myanmar embraces ASEAN integration with cross-border auto insurance launch: Report
Myanma Insurance will provide coverage in Myanmar.
Japanese life insurers' premiums income more than doubles November-end
Operating expenses, however, also rose to $22b.
Insurance rides high on surge in Hong Kong travellers
CEO Jim Qin of Zurich Insurance cites a trend for extended vacations among Hongkongers in 2023, boosting travel insurance sales.
What are the five most pressing risks in Asia this 2024?
FM Global spell out ways businesses can build resilience in the anticipated risks of 2024.
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Industry experts push for the rapid progress of unified customer data as a starting point.
