News

Great Eastern sets new target for net zero goal by 2025

The insurer recently released its 2021 sustainability report.

South Korea insurance industry profits fell by 21% in Q1

Net profits for all 53 major insurers totaled $2.45b.

FWD delays $1b IPO

A volatile market was the reason for the delay.

Taiwan insurance industry suffers double digit drops in April

Life insurance enterprise fell by 13.9% whilst decreased by 16.5%.

China Life Indonesia arm signs sales partnership with ZA Tech

This paves the way for the launch of the insurers endowment cover.

LIC net profits surges by 39.4% in full-year 2021

This is despite a fall of 18% in profits in the fourth quarter.

China regulator green lit AIA China's new branch

The insurer will establish a new branch in Henan.

Hong Kong insurance regulator faces staff shortage: report

The regulator said it is understaffed by around 10%.

nib postpones increasing health insurance premiums for Australians

The insurer will postpone the increase until 1 November.

Pru Life UK launches 4-in-1 critical illness cover in the Philippines

Four family members can share one critical illness policy.

Indonesia insures more than 2,000 gov’t buildings

This is part of the government’s pilot program on disaster risk reduction.

Beijing offers elderly COVID-19 vaccine insurance to ease hesitancy

Payout for elderlies experiencing adverse effects could go as high as $74k.

Prudential hires ex-Citi banker as new group chief

The new chief will be based in Hong Kong.

Australia life insurance industry suffers 88.6% loss in investment revenues

The loss was offset by the 25% decrease in operating expenses.