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Total claims payout from Noto quake at JPY20.5B
Total claims payout from Noto quake at JPY20.5B
Accepted claims for the incident was tallied at 76,497.
Swiss Re targets $3.6b 2024 earnings after robust 2023 performance
Its P&C business leads with $1.9b.
Why embedded insurance is a must-have
An estimated 16% of Asian insurers’ revenues are now derived from embedded insurance.
Manulife Asia sees strong premium growth, new business in 2023
APE sales rose 15% to $3.3b for the year.
QBE Insurance appoints Rob Kosova as Asia CEO
He begins his new role on 1 April.
Manulife Financial reports $5.6b net income for 2023
Earnings per share is $2.62 for the period
Philippine social insurer GSIS logs record-high premiums for non-life insurance arm
This makes GSIS the largest non-life insurer in the Philippines.
India’s life sector relaxes in January, YTD
Private insurers maintained growth but at a slower pace compared to last year.
Property insurance in China could reach $41b in 2024
The industry saw a higher demand for property insurance driven by NatCat events in 2023.
Insurtech funding landslides in 2023 to $4.5b
P&C and L&H both saw double-digit contractions.
PT Asuransi Tugu Pratama sustains strong operating performance: AM Best
The Indonesian insurer is expected to have volatile underwriting in the short to medium term.
AIA’s China expansion to enhance earnings diversity in long run: analyst
But capital buffers may narrow due to dividend payout and share buyback schemes.
STARR Insurance Japan CEO to Lead WTW's Japan Operations
Ryohei (Roy) Nakazawa will report to Luke Ware, head of CRB Asia.
Sun Life posts growth in Q4’23, Asia’s individual sales driven by Hong Kong market
Regional office expenses and other factors resulted in a net loss of $12m.
bolttech unveils travel insurance through FWD
Cancellations for any reason is covered by the plan.
Vietnam targets insurance evasion, partners with prosecution authorities
Social security offices have assessed damages caused by violations and calculated unpaid insurance premiums.
APRA issues supervision and policy priorities for 1H’24
There will be a focus on balancing financial sustainability with affordability and availability in the insurance sector
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Industry experts push for the rapid progress of unified customer data as a starting point.
