News

Singapore's general insurance market rises 15% to $7.04b in 2022

The strong uptake in the domestic market contributed to the growth.

Insurers should keep an eye on liquidity risks: MAS 

The financial watchdog warns that insurers should be wary of the effects of economic instability.

Kyobo Life CEO awarded the 2023 Insurance Hall of Fame

Kyobo Life chairman and CEO Dr. Shin is the award’s first legacy inductee.

1 in 5 pet life insurance plans only cover vet consultations

It does not include surgeries and hospitalisation expenses in the coverage.

Surer partners with Zurich to provide Marine Cargo product

The partnership provides quicker and easier access to marine cargo requirements.

India’s non-life insurance premiums jump 20% in February

The growth was attributed to the increase in health and motor segments.

Koh Beng Seng bows out as Great Eastern chairman

He will step down from the post on 21 April.

GIAJ lays down countermeasures vs. illegal home repairers

They disseminate information to areas affected by natural calamities.

Igloo provides affordable and accessible insurance solutions in Indonesia

They aim to triple the company's growth through product launches and partnerships in 2023.

95% of companies in India do not offer term life insurance to employees

Less than 5% of them provide comprehensive insurance and benefits.

GIA Singapore beefs up travel insurance fraud efforts

It will use Shift Technology's claims fraud detection system for the initiative.

Generali Asia grows net results by 2.3% in 2022

The insurer said it achieved its best operating result last year.

Ping An’s net profit drops to RMB83.8b in 2022

The insurer attributed the decline to the volatility of capital markets.

Prudential’s new business profit drops to US$2.18b in FY22

The insurer attributed the decline to higher interest rates and business mix effects.

How inclusive are life and health insurance markets in Asia?

Japan has the most inclusive L&H market in Asia.

Allianz to operate global commercial insurance business under new model

It will serve the segment as one go-to-market business.