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Australian wealth firm AMP hit with class action over insurance advice
Australian wealth firm AMP hit with class action over insurance advice
The Federal Court has ordered AMP in February to pay for incorrect advice.
Sun Life sees Asia comprising 25% of income in 5-6 years
It has already boosted its digital capabilities in the region.
India's short-term COVID-related insurance plans to push policy uptake
More people are likely to buy plans as COVID-related costs became more known.
Australian insurers fret over pandemic's effects on employees: study
47% have reported a rise in mental health issues.
Hong Kong to create hub for insurance-linked securities
A bill to transfer risk to capital markets was introduced in March.
Hong Kong's yuppies, low-income groups still underinsured: report
The city has one of the highest levels of insurance awareness.
Lower rates push Asian life insurers to alter investment mix
Insurers are shifting their asset allocations to US credit investments.
Three-fourths of APAC households unprotected if breadwinner dies: study
The region's mortality gap hit $8t in 2019.
Hong Kong insurance premiums to grow 1.46% in 2020
This is barely a quarter of the 6.3% rise in 2019.
Great Eastern H1 2020 group profit falls 35% to $240.4m
Operating profits surged 57% to $351.3m (S$484.3m).
Thai non-life insurance segment to dwindle 5.6% this year
The motor insurance market will fall 6%.
Higher equity investments could nick Chinese insurers' capital
The sector must manage their investments, analysts said.
South Korea to expand employment insurance by 2025
It aims to protect gig workers not directly employed by companies.
China to hike insurers' equity investments to 45%
Currently, China caps all insurers' equity investments at 30% of their total assets.
Japan's life insurers keep focus on customers amidst pandemic
They will consider special measures for COVID-hit clients.
Hong Kong regulator urged to push insurers on ESG disclosure: report
The regulator has yet to require the sector to do so.
China's P&C sector profits endangered over auto insurance reform
Auto insurance premium rates are expected tof all over the next two years.
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Industry experts push for the rapid progress of unified customer data as a starting point.
