Insurance
Prudential reports 8% surge in H1 operating profits
New business profits, however, went down by 5%.
Tokio Marine HCC subsidiary GCube opens Houston office
The new office will be headed Sarah Bratton.
Asian life insurer FWD launches lifestyle app
The app is available in 10 markets across Asia.
Mitsui Sumitomo announces acquisition of Transverse
The deal brokered will cost $400m
Tokio Marine suffers $400m loss from Taiwan COVID-19 cover payouts
The loss will reflect in the quarter ending September.
ZA Bank launches short-term savings insurance in Hong Kong
The insurance has a 3.11% p.a guaranteed returns.
AIA Malaysia launches partnership with digital mental health platform ThoughtFull
The insurer plans to integrate the platform in its corporate solutions portfolio.
Worst Seoul flooding triggers more than $50m in motor claims
4,791 car owners have filed for insurance claims due to damages by the flood.
FWD unveils the omne insurance app
The app has partnered with ONE Esports and Nuralogix, amongst others.
Sompo Japan and Space BD cooperate for satellite launch cover
The partnership also hopes to create a cover for lunar transportation.
Mitsui Sumitomo to buy US reinsurance broker for $400m: report
The Japanese property insurer aims to expand its reach into the reinsurance business.
Marine, aviation, and transit insurance in APAC to balloon to $16b by 2026
It is estimated to grow at a CAGR of 6.4%.
General takaful drives Malaysia’s non-life insurance growth
Non-life grew by 4% in 2021.
Manulife Hong Kong launches new critical illness plan
The maximum payout could reach a potential HK$1m.
AXA reaches in $5.77b in gross revenues for Asia in H1
The insurer’s P&C business in the region grew by 7% YoY.
Generali reveals H1 financial results
P&C insurance line boosts premium growth for the insurer’s H1 performance.
Hong Kong receives fewer insurance-related complaints in H1
Complaints about conduct have the most significant number.
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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.
