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Prudential targets 9% to 13% growth in H2 2024
Prudential targets 9% to 13% growth in H2 2024
However, analysts raised concerns about the impact of non-controlling interests.
WTW appoints new CRB head for Philippines
His role is effective 2 January 2025.
Car insurance premiums rise 16% in Australia
The average car insurance premium across the country is now $1,717.
HSBC Life Singapore bolsters executive team
Both roles will report directly to CEO Harpreet Bindra.
Manulife integrates GenAI in contact centres, rollout starts in Singapore
About 68% of agents used the tool within two weeks of its pilot launch.
Manulife IM appoints Calvin Lim as alternatives investment specialist
Lim was part of the private markets & alternatives team at Bank of Singapore.
AIA SG expands mental health coverage for corporate insurance policies
Over 1.3 million employees are expected to benefit from the expanded policies.
China Life Insurance stays robust amidst national credit concerns
NBV increased by 18.6% year-on-year in the first half of 2024.
IFRS 17 pushes Korean insurers towards lower-risk products
S&P notes that insurers have been preparing by investing in long-dated bonds.
Chinese insurers shift to floating-return products amidst risks
Its P&C sector is under strain due to market volatility.
Fitch expects rising profitability for Urtrust in near term
Urtrust maintains a solid capital buffer to support its rapid premium growth.
HDI Global strengthens leadership with new managing director
Glanz has been serving as risk engineering manager for the APAC.
Beazley reinforces top management with internal promotions
Both appointees’ roles are effective immediately.
Fathom unveils catastrophe model for flood risk
Flooding is responsible for $14b insured losses in 2023.
Insurers to tackle rising chronic disease rates by 2030
Mental health is now seen as a priority across generations.
Sompo’s risk-adjusted capitalisation reaches peak levels
Despite exposure to equity risk, Sompo has sufficient capital to absorb loss.
Global P&C insurance rates stabilise after hikes
Reinsurance rates globally are expected to be flat or slightly lower in 2025.
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Industry experts push for the rapid progress of unified customer data as a starting point.
