Insurance
Taiwan insurers reach $3.1b profits in December ‘23
The overseas investments of life insurers yielded net gains of $16.5b.
Taiwan insurers reach $3.1b profits in December ‘23
The overseas investments of life insurers yielded net gains of $16.5b.
Sri Lanka's non-life insurers grapple with profitability under new premium directive: Fitch Ratings
NITF's failure to renew reinsurance cover for SRCCT and the non-renewal of retrocession cover pose risks to its capital position and earnings.
Sun Life HK expands healthcare services for cross-border residents
The high demand for this expansion is driven by demographic shifts and government support for medical collaboration between Guangdong and Hong Kong.
HK regulator sets 50% insurance mandate for cryptocurrency exchanges
Thirteen entities are currently in the application process for virtual asset trading licences.
Leonteq extends digital offerings to insurers
The platform allows real-time monitoring.
FTLife taps various industry players to expand business network
The move aims to expand the insurer’s reach in the GBA.
Myanmar embraces ASEAN integration with cross-border auto insurance launch: Report
Myanma Insurance will provide coverage in Myanmar.
Japanese life insurers' premiums income more than doubles November-end
Operating expenses, however, also rose to $22b.
What are the five most pressing risks in Asia this 2024?
FM Global spell out ways businesses can build resilience in the anticipated risks of 2024.
Insurance rides high on surge in Hong Kong travellers
CEO Jim Qin of Zurich Insurance cites a trend for extended vacations among Hongkongers in 2023, boosting travel insurance sales.
CapitaLand sells 95% stake in Capital Square Beijing to AIA in S$447m deal
The property is located in the Central Business District (CBD) in Chaoyang District.
Chubb's 2023 profits soar 72.1% YoY
Life Insurance net premiums written increased by 51.5% to $5.47b,
Nissay positioned for stability with strong capital and operating profits – AM Best
AM Best also expects Nissay’s 2023 performance to recover.
AI deepfakes emerge as new threat in insurance fraud, warns Kennedys report
Geopolitical risks due to deglobalisation, driven by a fragile geopolitical landscape also pose as a threat for the industry.
HDI Global deploys generative AI for legal, content, and claims analysis
The AI solution is aimed at supporting the company’s staff for process augmentation.
China life insurers to focus more on quality over premium growth: analyst
Tightened regulations weakened China life insurers’ premiums in December.
Phl’s Insurance Commission resolves 5,417 complaints in 2023
The number of resolved complaints last year was 7.8% higher compared to 2022.
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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.
