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Great Eastern launches first green life insurance product in Singapore
Great Eastern launches first green life insurance product in Singapore
The insurer will donate S$1,000 for every S$1m raised from GREAT Green SP proceeds.
APAC’s marine, aviation, transit insurance to reach $14.5b by 2025
Japan and China accounted for 60% of MAT premiums in APAC.
Protection against accidents, illnesses top delivery riders’ insurance needs
Gigacover, an independent worker insurance provider, saw its users increase ninefold since 2020.
Marsh names new South Asia chief client officer
Luke Ware will join the firm come Q4.
Zurich Malaysia appoints Junior Cho as country head
Cho will report to Zurich Asia Pacific CEO Tulsi Naidu.
HK Insurance Authority bans former agent for misconduct
Yam Wai Shu will not be allowed to apply for a licence for five months.
AXA XL names new Singapore country manager
Sylvie Gleises will assume the role effective 1 September.
Growth continues for China's insurance market
The country came second behind the US in terms of total premium volume in 2020.
APAC MAT written premiums to hit $14.5b in 2025
The sector will grow at a CAGR of 4.4% from 2019 to 2025.
Tokyo Olympics without crowds could cost reinsurers up to $400m
These losses should not materially affect earnings as there are reserves in case of potential losses.
AXA units, KKR subsidiary ink $4.8b whole life reinsurance deal
AXA HK has reinsured a closed block of whole life insurance policies originating in Asia.
India rubber-stamps LIC IPO share sale
A group of ministers will now decide on various issues related to the proposed offering.
Sompo International forms APAC global risk team
The team will target accounts in the financial institutions, hospitality, and life sciences, amongst others.
Stable underwriting, investment support DBI Insurance medium-term performance
DBI’s risk-adjusted capitalisation is backed by solid growth of its capital, which reached $5b as of end-2020.
South Korean insurers chided for restrictive COVID-19 vaccine policies
Customers have been giving personal data in exchange for these policies.
HKECIC posts $24.7m FY 2021 net profit
This was from a net loss of $13.5b (HK$104.6b) reported in FY 2020.
India's LIC to have CEO, managing director instead of chairman
Both the CEO and managing director positions will be appointed by the government.
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