News
Zurich Asia Pacific new business premiums up 43% in H1
Zurich Asia Pacific new business premiums up 43% in H1
Commercial premiums grew 11% whilst retail premiums were up by 17%.
NZ insurance brokerage firm says market conditions can hike reinsurance costs
This could linger until the anticipated annual renewal cycle.
Investment risk to concern China BOCOM Insurance – AM Best
The insurer’s operating performance is deemed adequate.
Philippine reinsurance costs to hike from climate change impact
Driven by the high risk of natural disasters amidst climate change, non-life insurance plans may become more expensive.
Less than half of APAC’s natural disasters were insured in the first semester 2023: Munich Re
Calamities that occurred during the period reaped losses worth $7b.
Singapore’s life insurance premium down 17% in the first half of 2023
Single-premium policy’s performance dragged the overall sector’s result.
Global M&A landslides in H1 2023, APAC falls 9%
Insurer M&A downfall will not stay long, the firm said.
Generali Asia life segment operations down 18% but drive group’s savings line
Group-wide, operating results jumped 28%.
QBE Asia revenue climbs 6.3% in H1 ‘23, group pencils $8b
Group-wide, this was a 12% increase year-on-year.
Allianz records higher profits in Q2
It was mainly driven by life/health and property-casualty business segments.
Qoala set on pioneering the future of Malaysian insurance
Discover how Qoala’s product aggregation, omni-channel approach and affordability reshape Malaysia’s insurance landscape to benefit all.
Micro-insurance protection jumps 22.5% in the Philippines – Q1 2023
Individuals covered also climbed 15.4% to 51.70 million.
Tokio Marine HCC acquires renewal rights for US insurer’s portfolio
Employees of the US insurers will transition to Tokio Marine HCC.
Manulife’s back in the black with C$1b net income in Q2
Core earnings per share is 6% higher at C$0.83, its latest financial results showed.
Oslo-based P&I insurer acquires Singapore’s EF Marine
The merged entity will operate under the Hydor brand, employing 34 individuals.
China’s regulator calls insurers to make haste for recent flood-affected areas
Chinese insurers have received a total of 117,600 claims.
Will Field returns to Chubb
He will be the head of Casualty in Asia starting first quarter of 2024.
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