Insurance
Allianz Malaysia reports over 100% increase in pre-tax profit in Q1
Both life and non-life segments saw an increase in gross written premiums in 2022.
South Korea’s non-life insurance market breaches $3b in net profits in 2021
Profits were boosted by improved underwriting performance.
Paytm launches joint venture general insurance firm
This comes after its initial intent to purchase a non-life business fell through.
Singapore-based insurtech anycover clinches $450k funding
The round was led by Powerhouse Ventures, with participation from 1337 Ventures.
Starr Insurance acquires Thai non-life insurer
The transaction is expected to close in the second quarter of 2022.
Igloo secures partnership with Thai telecom firm
Two new mobile insurance products will now be available in Thailand.
Beijing Nova Insurance enters partnership with Towngas Lifestyle
They aim to establish a joint working group for insurance brokerage.
India life insurers received $2.17b in COVID-19 claims
Data revealed that death claims rose dramatically in 2021.
Malaysia has sufficient capacity for flood insurance
However, unaffordability remains a tall hurdle.
Manulife Hong Kong reports improved Q1 earnings
This is despite APE sales dropping by 23%.
How has China's insurance industry fared amidst strict lockdowns?
Life players spirals whilst P&C insurers gain ground.
Samsung Life net profits plunges by 72.9%
The insurer saw losses grow by $170m compared to last year.
Citi appoints new Hong Kong insurance head
She was formerly the Chief Partnership Distribution Officer at Prudential.
India health insurance premiums jumps 25% amidst pandemic
The hike was attributed to the second wave of COVID-19 infections.
AXA Hong Kong launches green rebate program for business clients
This is activated if clients fully utilise their eClaim services.
Howden acquires Singapore-based AEGIS insurance business
This is part of Howden’s strategic expansion in Asia.
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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.
