News
Howden gets regulator nod to acquire 100% of India business
Howden gets regulator nod to acquire 100% of India business
India’s government allows 100% foreign ownership of insurance intermediaries.
India’s Digit Insurance eyes $500m IPO
It plans to file the necessary papers by September.
Australia general insurance industry Q1 profits soars to $920m
This reflects the impact of premium increases across business classes.
bolttech announces partnership with Vietnam’s largest telecom operator
The firm plans to create an insurance ecosystem to offer a range of insurance products.
Australia private health insurance net profit surges by 107.8% in Q1
In the year to 31 March 2022, net profit after tax reached $1.42b.
Markel Singapore hires new trade credit and political risk underwriter
This will bolster the firm’s underwriting capability in Asia.
Manulife appoints new Asia chief
He is currently serving as the company’s Hong Kong CEO.
Asia’s insurance industry has the weakest growth—here’s why
Growth was heavily impacted by underperformance of several countries.
Taiwan’s COVID-19 insurance claims may exceed $1.39b: regulator
7.6 million policies are estimated to have been sold by insurers in Taiwan.
Indian insurers forbidden from advertising services not part of cover
The regulator said this is ‘unacceptable’.
FWD gets greenlight for IPO
The group plans to raise $1b.
Allianz Malaysia reports over 100% increase in pre-tax profit in Q1
Both life and non-life segments saw an increase in gross written premiums in 2022.
South Korea’s non-life insurance market breaches $3b in net profits in 2021
Profits were boosted by improved underwriting performance.
Paytm launches joint venture general insurance firm
This comes after its initial intent to purchase a non-life business fell through.
Singapore-based insurtech anycover clinches $450k funding
The round was led by Powerhouse Ventures, with participation from 1337 Ventures.
MAS charges insurance agents for breach of Financial Advisers Act
Their offences included falsification and providing false information.
Starr Insurance acquires Thai non-life insurer
The transaction is expected to close in the second quarter of 2022.
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