Insurance
CapitaLand sells 95% stake in Capital Square Beijing to AIA in S$447m deal
CapitaLand sells 95% stake in Capital Square Beijing to AIA in S$447m deal
The property is located in the Central Business District (CBD) in Chaoyang District.
Chubb's 2023 profits soar 72.1% YoY
Life Insurance net premiums written increased by 51.5% to $5.47b,
Nissay positioned for stability with strong capital and operating profits – AM Best
AM Best also expects Nissay’s 2023 performance to recover.
AI deepfakes emerge as new threat in insurance fraud, warns Kennedys report
Geopolitical risks due to deglobalisation, driven by a fragile geopolitical landscape also pose as a threat for the industry.
HDI Global deploys generative AI for legal, content, and claims analysis
The AI solution is aimed at supporting the company’s staff for process augmentation.
China life insurers to focus more on quality over premium growth: analyst
Tightened regulations weakened China life insurers’ premiums in December.
Phl’s Insurance Commission resolves 5,417 complaints in 2023
The number of resolved complaints last year was 7.8% higher compared to 2022.
AM Best describes Bao Min Insurance’s outlook as ‘stable’
This was attributed to the neutral impact of BMI's majority ownership by the SCIC, Vietnam's sovereign wealth fund.
Actuaries Institute urges ethical AI use, stresses role in financial fairness
Actuaries Institute President David Whittle also identified the home insurance market as an area of concern.
Toa Reinsurance faces volatility risks despite stable core operations: S&P Global Ratings
Refinements to its liquidity ratio calculation improved liquidity assessment.
Seoul Guarantee Insurance IPO could resurface: Report
After a failed attempt last year from weak demand, it hopes to recover part of its public funds injected during the 1998 forex crisis.
Noto earthquake hit 22,000 homes, loss estimate still at $6b
The losses covered damages from secondary impacts such as fire, tsunami, landslide, and liquefaction-induced ground movement.
HKIA meets with NFRA, eyes bolstering HK and mainland market
HKIA executives and the NFRA minister discussed opportunities within the Guangdong-Hong Kong-Macao Greater Bay Area.
Auto & General hit with AU$50m capital blow in APRA’s risk crackdown
The company has accepted the findings and committed to the remediation programme.
Marsh McLennan’s 2023 revenue climbs 10%
Risk, insurance and consulting services contributed to the YoY performance.
Gallagher's revenue surges 20% in Q4’23
A total of 50 acquisitions happened for the year, higher than the 36 in 2022.
Chinese life insurance set for 9% annual growth, to reach $893b by 2028: GlobalData
Increased awareness of health and better financial planning are a few of the growth drivers of China’s life insurance sector.
Thought Leadership Centre
Resource Center
Read Here
Advertise
Sign Up
Event News
Industry experts push for the rapid progress of unified customer data as a starting point.
