News
Australia life insurance industry net profits crashes by 51.6% in June
Australia life insurance industry net profits crashes by 51.6% in June
The industry’s total revenue also took a dive of 56.4%.
Australian general insurance industry suffers nearly $2b investment loss in June
This was caused by unrealised losses on interest-bearing investments.
Australia private health insurance net profit plummets by 28% in June
Net profits were mainly dragged down by a fall in investment income.
Manulife Hong Kong reports 20th consecutive year of core earnings growth
Core earnings in the first half of 2022 increased by 1%
Ping An net income climbs 3.9% in H1 2022
The group reported a 20.4% ROE for the first half of 2022
FWD Singapore collaborates with IPP Financial Advisers to raise S$1m for NGOs
This is in part of IPP’s 40th-year celebration.
FTLife targets young consumers with new critical illness cover
The product is also perfect for first-time insurance buyers.
Allianz Life Malaysia adds two new cover for Allianz Care@Home
These are in addition to the coverage for dengue and COVID-19.
WTW appoints new Hong Kong and Macau leader
His experience includes working in Hong Kong and mainland China for 10 years.
Sun Life Hong Kong launches Stellar (18-pay) with death benefit settlement option
Clients can choose between paying by instalments or paying in full.
Korea P&I Club underwriting profits to remain vulnerable: AM Best
This is despite mitigative actions done by the insurer.
Tokio Marine announces participation in ADB’s credit insurance program
The program aims to solve social issues in emerging countries in APAC.
Hong Kong insurance regulator cautions against fake insurance website
The website is posing as an insurance company.
Allianz Trade in Asia Pacific names new regional commercial director
The new director will be based in Singapore.
Hong Kong Insurance Authority warns public of bogus calls
The callers are pretending to be staff from the IA to gain private information.
South Korean non-life insurers to suffer heavy loss August floods: Fitch
However, reinsurance safeguards will shield most insurers from major losses, AM Best said
Tokio Marine launches new cancer protection with multiple payouts
It boasts one of the highest potential payouts at 475%.
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