Insurance
China's top 8 insurers embrace self-regulation in motor insurance shift: Nomura
The agreement aims to adhere strictly to regulatory requirements.
AXA HK, Macau venture into cross-border healthcare service
It has partnered with UMP Healthcare Holdings to expand its reach to clinic services in China.
AIA Group releases climate action plan, target net-zero by 2050
It said it’s the first pan-Asian life and health insurer validated by the Science Based Targets Initiative (SBTi).
Allianz Malaysia sustains 11.3% YoY growth in Q3 revenue
Year-to-date (YTD), its total business volume amounted to RM3.63b.
India’s non-life insurance industry posts slower growth for October
Year-to-date, a double-digit growth is recorded driven by health and motor.
Only six out of 10 said they are ready to handle business risks: Aon survey
About three of 10 persons have been affected by last year’s top business risks.
Aspen Insurance rebounds YoY in Q323, net income at $86m
The insurer’s net income stood at $86m, a rebound from the previous year’s $161m loss.
Everest builds Asia team with new S’pore CEO and a head of insurance
Swee Keong Mah will be the Singapore branch’s new CEO and will report to Tomi Latva-Kiskola, who has been appointed as head of Insurance Asia.
Tokio Marine forms new entity for disaster prevention and mitigation solutions
Tokio Marine Resilience will collaborate with Tokio Marine dR for core data functions and risk consulting services.
Mercer Asia appoints Robert Ronneberger as head of investment sales
He will expedite prospecting activities for Outsourced Chief Investment Officer (OCIO) services.
Vietnam joins ASEAN motor insurance system for seamless cross-border travel: Report
This will require motorists to register for a compulsory civil liability insurance plan.
Suncorp’s profits at risk, natural hazard costs and reinsurance expenses soar: Fitch Ratings
A modest decline in Suncorp's underwriting profitability is seen over the next 12 to 24 months.
$30m co-funding will meet tepid demand for financial counsellors – ICA
This should grant 9,000 more Australians access to financial counselling.
ICA commends New South Wales Gov’t for ESL reform
The abolition of the ESL on insurance is expected to result in a 15% lower average cost for home cover and around 23% lower for business cover.
bolttech collaborates with S.K.’s LOTTE HIMART for electronic goods exchange service
The service comes with an annual fee of $30.
Vietnam’s insurance sector is in rough waters, long-term growth on the horizon
Consumer confidence loss will persist for at least the next three years.
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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.
