Insurance

P&C insurance must close protection gaps or risk becoming irrelevant: McKinsey & Company

P&Cs in the Asia Pacific stand at only 0.5% of real GDP or half of the global penetration ratio.

P&C insurance must close protection gaps or risk becoming irrelevant: McKinsey & Company

P&Cs in the Asia Pacific stand at only 0.5% of real GDP or half of the global penetration ratio.

China’s IAMCs can benefit from liberalisation: Cerulli

IAMCs, regardless of foreign ownership, have the ability to provide expertise in investment and research.

Reinsurer Canopius picks David Hoffman as Marine Underwriter

This is in line with the firm’s continued APAC expansion.

India’s General Insurance Council to punish overcharging hospitals

Punishment ranges from warnings to permanent blacklists.

TMLS appoints two new C-suites execs

Both appointees have experience in senior leadership roles.

Protection gap in Southeast Asia a massive opportunity for insurers: S&P

Insurers can help insure the bottom 40% income group or address vulnerabilities to natural disasters.

AIA appoints Alvin Fu as new chief distribution officer

He succeeds Chin Chung Wan, who is retiring.

HKECIC and Hang Seng deliver first green export credit insurance

The very first green financing arrangement will ease export expenses whilst maintaining sustainability.

FWD Group completes stake in Gibraltar BSN

The Group and other investors now own 70% of the Malaysia insurer.

Chubb expands marine insurance in the Philippines, Malaysia

Jeanette Cebeda and Owen Poh have been named heads for both markets, respectively.

Health planning amongst top financial goals of 3 in 10 Hongkongers

More than half use cash savings to accomplish such goal.

Assure Singapore now a direct insurance broker

Presently, the company offers motor, accident, home, maid and travel insurance.

Singlife reveals new Cancer Cover Plus with $1.5m coverage

It is a unique supplementary product to Medisave-approved plans.

OONA Insurance announces new President and CEO

The new appointee will take over OONA CEO Jean Israel.

Igloo extends Weather Index Insurance to Vietnamese coffee farmers

The insurtech targets to cover Southeast Asia’s multi-billion dollar coffee industry.

Meiji Yasuda Life Insurance to purchase US-based group pension business

If the acquisition materialises, three of Elevance's firms will be under Meiji Yasuda.