Insurance

Thai online insurance provider acquires FWD General Thailand

FWD General was previously acquired by Singapore-based bolttech.

Thai online insurance provider acquires FWD General Thailand

FWD General was previously acquired by Singapore-based bolttech.

China Life plans to boost services for mainland clients: report

Mainland customers drove new business premiums growth year-to-date.

Hong Kong’s insurance complaints rise 18.6% in 2022

About 359 cases were claim-related whilst 20 were non-claim related.

GIAJ names new chairman, introduces priorities for coming year

His key policies and initiatives involve digitalisation, climate change, and sector awareness.

Markel names ex-Swiss Re head of casualty as its Asia chief of underwriting

Kevin Leung was head of casualty and financial lines for APAC at Swiss Re.

Australia’s Fed penalises Insurance Australia Group

Its wholly-owned subsidiary provided misleading information over pricing discounts.

SK’s regulators to return KRW12.4t worth of unclaimed insurance funds

The sector is also planning to shorten the transfer process to KINFA by one year.

Profitability of Japanese non-life insurance to recover in 2024

It is anticipated that Japanese non-life insurance groups will uphold robust capital adequacy. 

Reinsurer Canopius builds global cyber incident team

It consists of members from Sydney, London, and Chicago.

Prudential, Bangkok Dusit Medical Services team up to offer breast cancer services

This coverage includes treatment costs and specific accommodation expenses.

Philippine micro-insurance premiums rise 14% in 2022

Total lives insured under micro-insurance products reached 57.8 million.

Korean reinsurance jumps 15.3% in 2022

There is higher demand for reinsurance and co-insurance, Korea Re said.

Philippine life insurance up 3.30% in first quarter

Total assets accumulated for the quarter reached P1.71t.

Chubb appoints new COO of global reinsurance

This appointment is effective immediately.

Allianz Global announces new CFO for corporate and specialty

Claire-Marie Coste-Lepoutre will take over Oskar Buchauer.

Australian regulator flags Medibank for cyber incident

Medibank will face an AU$250m ($168m) increase in its capital adequacy requirement.

Fubon Insurance surplus to keep momentum after capital injection: analyst

The insurance company was also described to have an adequate balance sheet.