News

Chubb synergises with three other Korean firms: Report

Chubb's general insurance subsidiary announced it will rename its brand.

Insurers shell out $20b to implement IFRS 17

Yet, firms report no significant impact came from the new standard.

Singaporeans see kids as “great investments” for retirement: Manulife

Saving up for retirement is not a top priority for young individuals.

Singlife cuts costs by $4m yearly with AWS integration

At least 70% of its staff earned at least one AWS certification.

How private equity will mould the region’s life insurance market

Asia saw $25b in private equity-backed reinsurance transactions in 2023.

Vietnam’s non-life insurers show mixed results in Q1: Report

The market is projected to reach VND79.7t this year.

ZhongAn’s investment income reliance puts earnings on shaky ground

Its net profit is “volatile” with net profit in 2023 and net loss in 2022.

Asei and Seoul Guarantee Ink MoU 

The partnership aims to solidify suretyship and credit insurance in Indonesia.

What will drive the health and medical insurance market for the next 4 years?

The industry is projected to rise at a CAGR of 8.9% by 2028.

APRA evokes insurers to backup data against the risk of loss

The authority emphasised compliance with CPS 234.

Kyobo Life's profits reach $230m in Q1

CreditSights said this was the second-highest earnings figure in the market.

Swiss Re, Appian expand underwriting tool to APAC

The solution is integrated with Swiss Re's automated underwriting system.

Cathay Life gets to keep crown as leading insurer in Hong Kong: Moody’s

Cathay Life is forecasted to stay profitable in the next 12-18 months.

Higher EV sales to surface new insurance risk factors: SRI

EV insurance can take the global market size to more than $200b in 2030.

Fubon Life’s investments raise volatility concerns

Its P&C segment’s profits and capitalisation over the next 12-18 months should remain stable.