Insurance
Top APAC insurers see market cap growth of Q2 2024
China Life Insurance led with a 9% growth during the period.
Top APAC insurers see market cap growth of Q2 2024
China Life Insurance led with a 9% growth during the period.
China United Property Insurance’s bond issuance to ease capital pressure
It could raise the financial leverage ratio to ~30%.
AXA launches first heatwave parametric insurance
It aims to provide protection to employees exposed to outdoor conditions.
Munich Re Korea gets new CEO
His role is effective 1 August.
Prudential names new regional CEO for China
Angel Ng has more than two decades of experience in the financial services industry.
Great Eastern Life sees mixed Q2 performance in Singapore, Malaysia
Its performance offers insights for competitors like Prudential and AIA.
Swiss Re reels Alan Wilson as board of directors
He was MSIG Asia's CEO for 14 years.
AXA sells investment arm to BNP Paribas for $6b
The sale is expected to drag AXA’s earnings by $440m.
Markel Asia grows with key underwriting appointments
Alvernia Xu has been appointed head of Operations in APAC.
Fitch praises South Korea’s transparent insurance regulations
The FSC monitors insurers' capital strength.
Typhoon Gaemi causes multi-million dollar losses in Asia
Economic losses range from $220m to $245m.
Asia Pacific composite insurers exceed profitability standards
Their Fitch-calculated financial leverage ratios stay adequate with their ratings.
Carrot granted exclusive behavioural-based insurance use in auto
Since the launch of its BBI product, the accident rate amongst its customers has been at 12%.
HKIA fines AIA International $3.0m for AML lapses
The insurer said conclusions were technical in nature with no findings of money laundering activities or inappropriate onboarding.
Vietnam’s non-life sector attracts robust foreign direct investment
Recent regulations supported the industry’s stable outlook.
Dhipaya Insurance’s solid 2023 earnings supported by investment gains
The insurer has a strong presence in Thailand’s non-life insurance market, said AM Best.
United Overseas Insurance’s focus on Singapore market yields stable earnings
UOI's balance sheet strength is supported by its risk-adjusted capitalisation.
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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.
