APAC
Swiss Re targets $3.6b 2024 earnings after robust 2023 performance
Its P&C business leads with $1.9b.
Swiss Re targets $3.6b 2024 earnings after robust 2023 performance
Its P&C business leads with $1.9b.
Why embedded insurance is a must-have
An estimated 16% of Asian insurers’ revenues are now derived from embedded insurance.
Manulife Asia sees strong premium growth, new business in 2023
APE sales rose 15% to $3.3b for the year.
QBE Insurance appoints Rob Kosova as Asia CEO
He begins his new role on 1 April.
Manulife Financial reports $5.6b net income for 2023
Earnings per share is $2.62 for the period
Insurtech funding landslides in 2023 to $4.5b
P&C and L&H both saw double-digit contractions.
AIA’s China expansion to enhance earnings diversity in long run: analyst
But capital buffers may narrow due to dividend payout and share buyback schemes.
Sun Life posts growth in Q4’23, Asia’s individual sales driven by Hong Kong market
Regional office expenses and other factors resulted in a net loss of $12m.
To lead and to lag: APAC insurance’s conflicted AI journey in 2024
Whilst AI investments reached 23.93% of the total market, 41% of firms in Asia Pacific cling to outdated tech, hindering efficiency and scalability.
WTW reels in Royston Tan for head of health and benefits, APAC
Tan has 25 years worth of experience with employee benefits and life insurance operations.
Howden’s FY’23 revenue jumps, total acquisitions at 56
EBITDA margin stood at 31.9%.
Tyser boosts Asia, MEA presence with senior hires
Jayees Ibrahim and Elias Nohra has been added to its Dubai team to enhance operations in Asia, MEA nd Africa.
APAC’s insurance rates in Q4’23 flat, rises 2% globally
This is the 25th consecutive quarter composite rates climbed.
Fusion forms partnerships with Antares, Beazley, Everest for SME business
Fusion’s standalone directors and officers (D&O) liability insurance will benefit from the collaboration.
Health insurance amongst top priorities for job seekers in SG, HK
76% of tech hiring managers in Singapore and Hong Kong found recruitment highly competitive in 2023.
Howden taps David Shalders as group COO
Shalders will report to CEO David Howden in London.
Aon revenue jumps 7% YoY in 2023
Net income for the year fell to $2.6b.
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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.
