Insurance
Australians to gain more life insurance advice options
Over a quarter of Australians thought about getting advice, but have not acted upon it.
Australians to gain more life insurance advice options
Over a quarter of Australians thought about getting advice, but have not acted upon it.
India’s pushes for reintroduction of tax exemptions
Tax benefits currently exist for health and life insurance premiums, albeit capped and complex.
Thai association cautions on insurance coverage for EVs
Tokio Marine Safety Insurance temporarily suspended standard premiums.
Sumitomo Life's Singlife purchase tops SEA acquisitions in H1 2024
The acquisition valued the Singaporean insurer at S$4.6b.
Nat Re posts record profits in 45th year
It saw its net profits surge 862% to $9m.
Suncorp confirms FY 2025 reinsurance programme placement
The cost of the FY 2025 programme is expected to be similar to FY 2024.
HKFI launches check scheme for insurance agents
The scheme aims to prevent problematic agents from moving between firms.
MAPFRE RE gets China’s approval to operate in Bejing
MAPFRE RE will proceed with pre-opening steps in compliance with local regulations.
AXA launches hospital cash plan for simplified coverage
Customers can receive $130 (HK$1,000) per day as a hospital income benefit.
HK insurers may need capital boosts due to new rules
The new regime could be costly for insurers.
Current hard market challenges new reinsurer entries
Mainly these are competition, capital raising, and higher barriers to entry.
India's M&A insurance market sees competitive shift
Value of deals surged by 60% to $20b in Q1 2024.
New pet critical illness cover introduced in Hong Kong
It is available to pets of any age and breed, for an annual fee of $14.40.
Zurich-owned Cover-More Group gets new CEO
The appointment is in line with Zurich’s acquisition of a travel insurance arm.
Taspen maintains profitability with strategic investments
It maintained a strong solvency ratio of 497% as of end-2023
Insurers in Taiwan to issue bonds for capital adequacy
Regulatory risk-based capital ratios remained well above the 200% minimum.
HK's new legislation welcomed by insurance industry
The legislation advocates for international insurers to re-domicile in Hong Kong.
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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.
