News
Manulife reports whopping C$7.1b net income in 2021
Manulife reports whopping C$7.1b net income in 2021
Surge in profits mainly driven by global wealth and asset management growth
Blue offers HK$200 voucher for vaccinated WeCare policy holders
The offer is only until 30 April 2022.
Chubb SG and StarHub launches insurance coverage against cyber-bullying
The product will also protect customers from other online threats.
Chubb offers free cancellation and refund on travel policies in Singapore
This is for all Chubb-underwritten individual Single-Trip travel policies.
Australia life insurance industry turns profitable in 2021
Return on net assets increased by 3% for 2021, up from -6% in 2020.
Allianz General sees 22% surge in special perils cover in car insurance
Recent floodings have raised questions about insurance protection in Malaysia.
Taiju Life Insurance halts sales of COVID-19 cover
This comes amidst a surge in Omicron cases in Japan.
Singapore releases methodologies on responsible use of AI by financial institutions
The Veritas Consortium also released an open-source toolkit to help with adoption.
HSBC targets expanding stake in Indian insurer
The firm plans to buy PNB’s shares in Canara HSBC.
Asia commercial insurance pricing surge continues rate of decline
The increase which began in 2020, has slowed down significantly in 2021.
Meiji Yasuda Life to invest $43m in new ESG engagement fund
This is part of a business alliance with SDG Impact Japan.
HK Insurance Authority shuts down offices amidst new Omicron threat
Majority of employees are ordered to work from home.
Philippines’ COVID-19 insurance claims balloons to $240m
Bulk of the claims were paid from January to September last year.
Thai insurance regulator assures policyholders amidst insurer shutdown
Southeast Insurance recently announced cessation of operations.
Ping An gets green light to restructure New Founder Group
Ping An will pay $7.6b to acquire 66.51% equity interest in New Founder Group.
Indonesia life insurance industry to grow to $17.4b in 2025
After rebounding in 2021, the industry is set for a massive growth trajectory.
Philippine non-life insurer group bucks jacking of capital requirement
The group said the P900m capital requirement is sufficient.
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Industry experts push for the rapid progress of unified customer data as a starting point.
