Insurance
HK Insurance Authority bans former agent for misconduct
Yam Wai Shu will not be allowed to apply for a licence for five months.
HK Insurance Authority bans former agent for misconduct
Yam Wai Shu will not be allowed to apply for a licence for five months.
AXA XL names new Singapore country manager
Sylvie Gleises will assume the role effective 1 September.
Growth continues for China's insurance market
The country came second behind the US in terms of total premium volume in 2020.
APAC MAT written premiums to hit $14.5b in 2025
The sector will grow at a CAGR of 4.4% from 2019 to 2025.
Amidst AXA deal, what drew Generali towards Malaysia's P&C sector?
The insurer remains optimistic for the sector as it has shown strength despite the pandemic.
Tokyo Olympics without crowds could cost reinsurers up to $400m
These losses should not materially affect earnings as there are reserves in case of potential losses.
AXA units, KKR subsidiary ink $4.8b whole life reinsurance deal
AXA HK has reinsured a closed block of whole life insurance policies originating in Asia.
India rubber-stamps LIC IPO share sale
A group of ministers will now decide on various issues related to the proposed offering.
Sompo International forms APAC global risk team
The team will target accounts in the financial institutions, hospitality, and life sciences, amongst others.
Stable underwriting, investment support DBI Insurance medium-term performance
DBI’s risk-adjusted capitalisation is backed by solid growth of its capital, which reached $5b as of end-2020.
South Korean insurers chided for restrictive COVID-19 vaccine policies
Customers have been giving personal data in exchange for these policies.
HKECIC posts $24.7m FY 2021 net profit
This was from a net loss of $13.5b (HK$104.6b) reported in FY 2020.
India's LIC to have CEO, managing director instead of chairman
Both the CEO and managing director positions will be appointed by the government.
Reinsurance pool could lead to premium discount in Australia's cyclone areas
The government announced a $7.4b (A$10b) cyclone reinsurance pool that will help drive down insurance premiums.
Thai regulator probing possible fraud in COVID-19 claims
COVID-19 claims in the country have jumped ten times since last year.
South Korean life insurers' interest payment burden rising: report
Their financial performance is diverse but has decayed amidst the prolonged low interest rates.
FWD Singapore, Ryde extends free accidental death insurance
Passengers can also get compensated if they lose their IDs during a trip.
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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.
