News

Hong Kong IA seizes control of Target Insurance

The regulator has appointed managers to take control of the firm.

Happy holidays, one and all!

Insurance Asia will be back on 10 January 2022. 

NTUC Income offers bonus coverage for ‘younger’ consumers

The newest product calculates biological age to give bonus insurance coverage.

Tokio Marine deploys insurance app in Vietnam

The app targets employees of Japanese firms operating in the country.

AIA launches protection for Hong Kong shoppers

The insurance package will be exclusive for Bloom members.

BOCG Insurance streamlines motor insurance platform with CoverGo

It also enlisted Milliman to implement new rates for motor products.

Manulife Hong Kong names Carrie Tong as Macao head

She is also the Chief Strategy Officer for Hong Kong and Macau.

FWD Group raises $1.425b from private investors

The investment will take the form of cash subscription of new ordinary shares.

APRA proposes reforms to strengthen private health insurance

One of the proposals is to increase minimum capital requirements.

Hong Kong International Airport offers free insurance to travelers

Passengers will receive compensation if their flight is delayed more than six hours.

Singapore general insurers to end COVID-19 relief measures

The sector-wide financial relief measures will conclude on 31 December 2021.

South Korea’s KDIC sells stake at Woori Financial for $765m

The 67.9 million shares were sold to five investors, including Eugene PE.

Climate change pushes insurers to adopt ESG practices

21.6% believes climate change is the main driver for ESG practice adoption.

ZA Bank launches new savings insurance plan

The offering comes with a guaranteed return rate of up to 2.5% p.a.

AXA Hong Kong introduces instant mental health assessment app 

This is exclusive for its Employee Benefits customers.