Insurance
Indian banks urged to have cyber insurance
Smaller banks have insufficient coverage which does not cover cyber heists.
Indian banks urged to have cyber insurance
Smaller banks have insufficient coverage which does not cover cyber heists.
Chubb appoints Stanley Wong as country president for Hong Kong, Taiwan & Macau
He currently serves as Asia Pacific regional head of financial lines.
Peak Re makes new appointments to board of directors
This includes changes to chairman and executive director roles.
AIA Singapore's VNB surges 22% to $178m in H1
The value of annualised new premiums also hit $290m.
Etiqa Insurance offers home-based medical exam for foreign domestic workers
The insurer has tied up with healthtech company Doctor Anywhere.
Ping An Insurance Group profit surges 34% to $8.45b in H1
The insurer was able to grow its retail customer base to 179 million.
State Street Corporation appoints Kamal Jandu as Asia Pacific head of insurance services
He was formerly a senior client manager for the insurance sector at Citibank.
Singapore's MediShield Life payouts hit $800m in 2017
About 200,000 Singaporeans benefited from the payouts.
Regulatory tightening fails to cripple South Korean non-life insurers surplus growth
Strong exposure to long-term saving and protection is expected to boost VNB.
Japanese non-life insurers burned by fire premium losses
Insurance firms are bearing the weight of losses brought about by natural disasters.
India's national health insurance scheme embraces trusts
Out of the 26 states, an overwhelming 20 are opting for trusts.
Hong Kong's annuity scheme subscription hits $4.94b out of $10b limit
Average subscription amount was at $525,000.
Singapore's life insurance business premiums up 20% to $2.02b in H1
There was an uptake in both single and annual premium products.
Dai-ichi Life Insurance buys life unit of Australia's Suncorp for $540m
Australia represents an attractive market for Japanese insurers amidst shrinking markets back home.
Ping An eyes acquiring Prudential's Asian business
China’s deleveraging campaign has prompted the insurer to look for further growth engines.
Indian insurers to shoulder interest payments of delayed rural claims
Companies failing to clear crop loss claims within 2 months have to pay with 12% interest.
Thai life assurance business premiums up 5% to $9.38b in H1
Bancassurance and insurance agents drove growth.
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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.
