insurance
Insurers burdened by managing investments, seeks third-party aid
Insurers burdened by managing investments, seeks third-party aid
Life insurers outsource less frequently than P&C or health insurers.
Life/annuity reinsurers see improved conditions amidst higher rates
L/A reinsurers remain well-capitalised until 2025.
Sunshine Insurance H1 2024 net profit rises 8.3% YoY
EPS stood at $0.04.
APRA sets four-year plan for financial sector stability
APRA will collaborate to address the protection gap in household insurance.
Prudential’s H1 2024 IFRS profit declines YoY
It dwindled 80.8% to $182m.
Japanese life insurers poised for earnings growth
Though other insurers have weaker profiles due to smaller operations, business diversification
China expands medical insurance to over 72% of village clinics
It aims to cover 100% of rural villages by the end of 2024.
Korea P&I Club's conservative investments support stability
KP&I has implemented general premium increases.
AIA Vietnam’s profit dwindles in H1 2024
Revenues from insurance activities fell by 10.4%.
Asians spend 30 times less on insurance than Americans
Despite major markets like China and Japan, per capita spending remains modest.
Insufficient insurance amplifies banks' climate risk
The lack of coverage raises silent risks in the banking industry, Aon said.
Court penalises agent for premium theft
A client paid $7,693 to the agent, which was later misappropriated.
FWD’s net profit halves in H1 2024
All four geographic business segments delivered operating profitability.
Foundation Life (NZ) focuses on restructuring life insurance portfolio
If the proposed scheme is completed, the company is seen to cease insurance activities.
Home insurance affordability worsens across Australia
Affordability stress has surged by 30% over the past year.
Why nearly half of S’poreans feel hopeless reaching financial freedom
The average consumer owns 3 types of insurance, but only 57% have life coverage.
Allianz Malaysia’s Q2 2024 earnings show modest growth
The H1 2024 performance of its general segment was offset by its life business.
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