Insurance
AM Best describes Bao Min Insurance’s outlook as ‘stable’
This was attributed to the neutral impact of BMI's majority ownership by the SCIC, Vietnam's sovereign wealth fund.
AM Best describes Bao Min Insurance’s outlook as ‘stable’
This was attributed to the neutral impact of BMI's majority ownership by the SCIC, Vietnam's sovereign wealth fund.
Actuaries Institute urges ethical AI use, stresses role in financial fairness
Actuaries Institute President David Whittle also identified the home insurance market as an area of concern.
Toa Reinsurance faces volatility risks despite stable core operations: S&P Global Ratings
Refinements to its liquidity ratio calculation improved liquidity assessment.
Seoul Guarantee Insurance IPO could resurface: Report
After a failed attempt last year from weak demand, it hopes to recover part of its public funds injected during the 1998 forex crisis.
Noto earthquake hit 22,000 homes, loss estimate still at $6b
The losses covered damages from secondary impacts such as fire, tsunami, landslide, and liquefaction-induced ground movement.
HKIA meets with NFRA, eyes bolstering HK and mainland market
HKIA executives and the NFRA minister discussed opportunities within the Guangdong-Hong Kong-Macao Greater Bay Area.
Auto & General hit with AU$50m capital blow in APRA’s risk crackdown
The company has accepted the findings and committed to the remediation programme.
Marsh McLennan’s 2023 revenue climbs 10%
Risk, insurance and consulting services contributed to the YoY performance.
Gallagher's revenue surges 20% in Q4’23
A total of 50 acquisitions happened for the year, higher than the 36 in 2022.
Chinese life insurance set for 9% annual growth, to reach $893b by 2028: GlobalData
Increased awareness of health and better financial planning are a few of the growth drivers of China’s life insurance sector.
GIAJ initiates survey for efficient assessment and claim payments after earthquake
The survey will be conducted through the use of aerial and satellite photography.
Regulator urges Sompo Japan to address corporate culture after Bigmotor scandal: Report
Bigmotor was involved in charging excessive repair fees.
Japan bucks trend, positive asset returns boost pension index in Q4’23
The pension index decreased across regions for the full year, with single-digit decreases, except for Japan and the US.
Int’l association establishes roadmap, prioritises ICS
The roadmap pans out five high-level goals with key projects and objectives.
Actuaries Institute urges overhauling Australia's retirement system
The white paper calls for a regulatory framework for superannuation trustees.
Phl’s microinsurance expands 19.6% YoY in Q3’23
Over 56 million Filipinos were insured during the third quarter.
AM Best addresses concerns on China's economic slowdown, highlights insurer financial security
China will diversify its sources of economic growth to counteract the impact of an ageing and declining population.
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Insurers need cultural overhaul in digital push
![Insurers need cultural overhaul in digital push]()
Digitalisation seeks to simplify processes, not complicate things.
Digitalisation seeks to simplify processes, not complicate things.
