News

Hong Kong insurance sector taps on rattled Chinese market

New business premiums from Mainland clients hit $11.8b in Q1.

Here are the winners of the Insurance Asia Awards 2018

Over 250 trophies were awarded to winning banks and insurers.

Asia at risk with cyber insurance scarcity

The region's cyber insurance take-up rate is negligible at only less than 6%.

Here are the 5 key technologies in Asian insurers' digitalisation push

They lead in investment, in-memory analytics, and cloudbased analytics solutions.

Japanese P&Cs face fierce price war risk

E-commerce giant Rakuten and other players may "threaten" the country's insurance market.

Asia still lags in insurtech amidst 169% growth in deal values

Deals in Asia-Pacific account for only 7% of the the global share.

Life annuity scheme launched for Hong Kong's senior citizens

Men will receive a monthly payout of $5,800 whilst women get $5,300.

Japanese insurers embrace third-sector medical policies to weather ultra low rates

They rose 9% whilst individual annuity policies plunged 56% in fiscal 2017.

World's first blockchain marine insurance platform rolled out

‘Insurwave’ can help manage risk for more than 1000 commercial vessels in its first year.

Singapore listed insurance trio posts 8.6% return in May

The three insurers performed strongly despite intensified competition.

Korean life insurance net income crashes 21.7% to $316.9b in Q1

Blame premium income from savings-type insurance products which plunged by $2.5b.

China's online property insurance premiums surge 30.9% to $2.26b in Q1

The quarterly growth reverses a slight decline registered last year.

Hong Kong insurance tax bill gazetted

It enables a tax deduction for residents buying health insurance under the VHIS.

New Zealand regulator alarmed by $34m spent on insurers' non financial incentives

Trips, business support and conferences may influence insurers’ exercise of duty.

Chinese insurers defy deleveraging campaign by ramping up alternative asset allocation

Such assets offer higher returns of 9.42% than 5% on average offered by corporate bonds.