Insurance
The lack of available resources forces asset owners to remain on legacy tech: Survey
More than half of asset owners, including insurers, still utilise spreadsheets for monitoring assets.
The lack of available resources forces asset owners to remain on legacy tech: Survey
More than half of asset owners, including insurers, still utilise spreadsheets for monitoring assets.
Global M&A claims surge despite smaller deal volume: Report
In 2022, the largest claims still originate from accounting and financial issues.
APRA corrects audit standards for life insurers
The amendments were minor changes to level of assurance required for two reporting standards.
Taiwan’s FSC approves 197 spillover-effect insurance products from 13 insurers
These products accumulated 846,835 new contracts.
HKIA imposes five-year ban on ex-insurance agent
The former agent mishandled and misappropriated premium payments from two policyholders.
Miller names new lead for Financial Lines, Asia
William Seccombe will focus on forming a team of experts to boost Miller’s offering.
AXA’s 9M’23 revenue inches up 2%
It accumulated EU78.8b in gross written premiums and other revenues.
ASEAN segments drive AIA’s Q3 VONB, jumps 35% YoY
VONB growth was observed in Mainland China, Hong Kong, ASEAN, and India.
About 84% of foreign students in S.K. dissatisfied with national health insurance system
The reason was due to higher contributions required versus private insurers.
Shinhan EZ General Insurance enters the Indonesia market
It partnered with Tap Insure.
OJK releases roadmap for Indonesia’s insurance sector, focuses on four key pillars
The roadmap pushes for insurers to prioritise integrity, safeguard consumers and public interests, and bolster national economic growth.
Manulife Singapore targets rapidly growing high-net-worth market
New data suggests young beats old in appetite for investments.
Manulife Asia unveils new Chief of Comms
Sabrina Cheung will manage the region’s strategic communications and media relations.
Prudential’s new business sees 37% profit growth IN 9M23
It grew to $2.14b, year-to-date.
FM Global names new EVP of EMA, APAC, and Canada
He will take on his role beginning 1 January 2024.
20% of Singapore’s motor insurance claims are fraudulent – GIA
One of the biggest insurance frauds in Singapore falsely claimed about S$1.6m.
Asia’s mortality protection gap grim by 2030, prediction shows $119t rift: report
Cyber insurance market in Asia is projected to triple in size from 2022 to 2025.
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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.
