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MAS floats raising deposit insurance coverage to S$100,000
MAS floats raising deposit insurance coverage to S$100,000
This will result in 91% of deposits being fully covered by deposit insurance.
Philippine life insurance up 3.30% in first quarter
Total assets accumulated for the quarter reached P1.71t.
Chubb appoints new COO of global reinsurance
This appointment is effective immediately.
Allianz Global announces new CFO for corporate and specialty
Claire-Marie Coste-Lepoutre will take over Oskar Buchauer.
Australian regulator flags Medibank for cyber incident
Medibank will face an AU$250m ($168m) increase in its capital adequacy requirement.
Singlife becomes signatory of UN-supported Principles for Responsible Investment
It is reportedly the first Southeast Asian insurer to become a signatory of PRI.
Fubon Insurance surplus to keep momentum after capital injection: analyst
The insurance company was also described to have an adequate balance sheet.
Mitsui Sumitomo Insurance's strategic initiatives to drive performance: AM Best
Potential risks may arise from MSI’s stock investments and bond holdings.
Singlife allies with Aspire to enhance financial accessibility of SMEs
SMEs can access services, including financial software and affordable business insurance.
Asian Re should improve business plan for better underwriting output: AM Best
Asian Re is anticipated to face ongoing market and regulatory challenges.
Global protection gap reaches $1.8t in 2022
Asia Pacific among emerging economies to witness improvement in natural catastrophe resilience.
Five HK banks, HKECIC team up to underwrite risk on domestic sales in China
The collaboration targets to boost insurance protection for Hong Kong exporters.
Hong Leong Bank, Chubb Life collaborate to offer life insurance in Vietnam
The bank’s range of life insurance solutions is in line with its goal of financial inclusion.
Hong Kong life insurance market to improve in two years: S&P
The life segment is predicted to jump by 20% o 25% in 2023.
MAS fines 4 entities S$3.8m for failures in anti-money laundering controls
DBS and OCBC are fined S$2.6m and S$600,000, respectively.
Manulife Hong Kong scales up China hospital network
It has expanded into more than 3,000 hospitals across mainland China.
Aspen names new chief operations officer for insurance
Robert Tartaglia will begin his new role as COO on 3 July.
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