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This compares to the 4.7% growth in the same period last year.

Available products include a personal accident plan and a home insurance plan.

Annualised new premiums grew 15% to $6.5b.

Kaisu.me will provide a 12-month accidental screen damage protection for new mobile phones.

The policyholder can get a payout of $89 after an earthquake with an intensity of lower 6 or above hits their neighbourhood.

This is Great Eastern’s first foray into esports.

Singtel Innov8 and HSBC pitched in.

The consortium can provide capacity of up to $225m per risk.

The move comes after the Vietnamese government’s plan to privatise SOEs.

It is expected to benefit the 500 individuals who work from its locations in Sai Wan and Causeway Bay.

The plan is expected to benefit the 500 individuals who work from itslocations in Sai Wan and Causeway Bay.

Chubb increased its stake in Huatai Insurance Group to 26% from 20%.

It aims to launch in Indonesia, Malaysia and Southeast Asia.

'Infinite Harvest' guarantees 100% capital from the 10th policy anniversary.

Insurance profit skyrocketed to $861m from $62m in 2017. QBE Insurance Group has reached the end of the tunnel as it reversed from a $1.2b loss in 2017 to a $390m profit in 2018. According to the firm, the comeback was buoyed by the ‘significantly reduced catastrophic activity’, exclusion of a $700m non-cash goodwill impairment charge and a $230m non-cash write down of deferred tax assets. Insurance profit skyrocketed to $861m from $62m in 2017. In total, the firm’s gross premiums in 2018 grew 3% YoY to $13.7b. Moreover, the firm’s final dividend hit $0.36 (A$0.50) from $0.18 (A$0.26) in 2017. “Significant portfolio rationalisation and simplification, successful placement of the restructured 2019 reinsurance program, divisional consolidation, and initiation of a three-year operational efficiency programme position us well to deliver further value to our shareholders in 2019,” group CEO Pat Regan said in a statement.

Operating profit growth from Insurance Business countered its decline.