Life insurance
Singapore’s life insurance industry to be worth S$100.4b in 2027
Demand for whole life insurance has risen due to a pandemic-induced awareness.
Singapore’s life insurance industry to be worth S$100.4b in 2027
Demand for whole life insurance has risen due to a pandemic-induced awareness.
Sun Life Hong Kong launches Stellar (18-pay) with death benefit settlement option
Clients can choose between paying by instalments or paying in full.
APAC life segment records highest growth rate in over five years in 2021
Life insurance premiums in the region reached a record-breaking $1.3t.
Hong Kong digital life insurer Blue launches outpatient service mobile app
This follows the launch of the Blue WeMedi Outpatient protector plan.
Manulife’s cashless day surgery e-service offered at HKBH Ambulatory Medical Centre
HKBH offers a HK$500 electronic coupon to select customers of Manulife.Â
Great Eastern launches first green life insurance product in Singapore
The insurer will donate S$1,000 for every S$1m raised from GREAT Green SP proceeds.
Growth continues for China's insurance market
The country came second behind the US in terms of total premium volume in 2020.
South Korean life insurers' interest payment burden rising: report
Their financial performance is diverse but has decayed amidst the prolonged low interest rates.
Sun Life HK launches new participating insurance plan
Vital offers whole-life protection and potential long-term wealth growth.
AIA Vietnam, e-commerce platform Tiki announce partnership
Tiki customers will have access to life and health plans through the platform.
Malaysian central bank pushes upgrades to insurer, takaful capital framework
These upgrades ensure that the framework remains effective amidst shifting market conditions.
India's life sector projected to hit $98.5b in GWP by 2024
Catalysts include favourable demographic factors and economic recovery expected over H2 2021.Â
Taiwan's Shin Kong Life to divest stake in Dingcheng Life
Taiwan’s Shin Kong Life is planning to divest its remaining 25% stake in Beijing-based Dingcheng Life, gaining $66.2m (CNY428m) in the process, according to media reports.
Indian life insurers' new business premiums inch 7% in FY2020-21
Private insurers grew 8% in individual business, whilst group business saw a 20% growth.
Headwinds persist for Japan's life insurers as low rates stifle investment income
However, most domestic life insurers maintain robust risk-adjusted capitalisation.
AIA to buy 25% of China Post Life
China Post Life is a subsidiary of China's postal service operator.
Bharti AXA Life's total premium income inch up 4.3% in FY2021
Renewal premiums jumped 10% in 2020 to 2021, but COVID-19 hit new business premium income.
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Outdated systems cause data breaches, dragging the Philippine insurance market’s growth potential
![Outdated systems cause data breaches, dragging the Philippine insurance market’s growth potential]()
Insurance
Insurance experts warn of poor systems leading to the disruption of digital adoption, whilst partnership opportunities could boost growth.
Insurance experts warn of poor systems leading to the disruption of digital adoption, whilst partnership opportunities could boost growth.
