Life insurance
Mitsui Sumitomo Insurance boasts strong capital base: AM Best
Mitsui Sumitomo Insurance boasts strong capital base: AM Best
Thanks to its resilient capital base and strategic equity disposal plans.
Life insurance reaches new high in Hong Kong
This marked a 57% year-on-year in annualised new premiums.
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.
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.
Asahi Life’s core profit soars fivefold in FY23
This was equivalent to $190m.
Fukoku Life posts record core profit in FY23
Despite a slight dip in premiums, its core profit accumulated $640m.
MetLife relies on Australian arm through 2026
S&P Global says MetLife Insurance would keep a stable outlook.
HK insurers’ Q1 premiums mounts $22b in premiums
On a year-on-year basis, it climbed 12.2%.
Taiwan insurers rebound to $4.76b in profits for April
It was a far cry from the $270m loss in 2023.
Sumitomo Life lags in attractiveness amongst peers
The insurer expects a 15% YoY increase in consolidated insurance premiums.
Savings products to drive global premiyums to $4t by 2034
Swiss Re Insitute says this is all thanks to escalating interest rates.
Philippines insurance sector witnesses surge in premiums
Both its life and non-life sectors climbed 12.0% and 6.98%, respectively.
Chinese insurers to benefit from bancassurance rule-lift
The removal of the rule is seen to increase premium growth.
India's life insurance market to grow 10% annually
The industry is projected to reach $216.1b by 2028.
Improvement in underwriting bolsters Taiwan Life's outlook
Earnings may remain volatile due to the high proportion of interest-sensitive products.
SG’s life insurers see 32.2% leap in new business premiums in Q1’24
This is equivalent to S$1.4b.
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