News
Malaysia floats co-payment medical and health insurance feature
                                                                                 
                    
                    It also increased tax relief for medical expenses to over $2,300.
                
                                
            Malaysia floats co-payment medical and health insurance feature
                                                                                                                 
                            
                            It also increased tax relief for medical expenses to over $2,300.
                        
                                                
                        
    
                    AXA XL makes three hires in Perth
                                                                                                 
                        
                        The group named Chris McElroy, Amanda Rattue, and Trent Jeuring as senior underwriters.
                    
                                        
                    
                Lifenet establishes policy and committee for sustainability
                                                                                                 
                        
                        It also determined a corporate value enhancement based on the LIFENET Manifesto.
                    
                                        
                    
                Insurance sector lacks key skills in Gen AI and finance
                                                                                                 
                        
                        The workforce requires upskilling.
                    
                                        
                    
                Unit-linked insurance market to reach $2.3t by 2032
                                                                                                 
                        
                        The market is forecasted to reach a CAGR of 10.9%. 
                    
                                        
                    
                2024 insured losses exceed decade average at $108b
                                                                                                 
                        
                        Total economic losses for the first three quarters reached ~$280b.
                    
                                        
                    
                Taiwan insurers to raise fresh equity amidst new capital requirement
                                                                                                 
                        
                        The new standard also raised compliance risks for insurers.
                    
                                        
                    
                Dah Sing Insurance strengthens capital structure
                                                                                                 
                        
                        Its 2023 net profit was $13.9m.
                    
                                        
                    
                AXA rebrands China reinsurance arm to AXA International Re
                                                                                                 
                        
                        The change is effective 16 October.
                    
                                        
                    
                Specialist Risk Group appoints new APAC CEO
                                                                                                 
                        
                        He will begin his term early next year.
                    
                                        
                    
                India’s life insurance sector bags 12% CAGR in past five years
                                                                                                 
                        
                        The life insurance penetration rate is at 3.8%.
                    
                                        
                    
                High-income S’poreans grapple with retirement planning amidst rising financial needs
                                                                                                 
                        
                        High-income retirees were overwhelmed by the rising cost of living and family support expenses.
                    
                                        
                    
                Allianz Trade reels in new ASEAN commercial director
                                                                                                 
                        
                        His role begins on 21 October.
                    
                                        
                    
                India, Philippines pension systems lack adequacy: Mercer
                                                                                                 
                        
                        A score below 35 would indicate serious deficiencies.
                    
                                        
                    
                Vietnamese bank expands into non-life insurance sector
                                                                                                 
                        
                        Other banks which made the same move are VietinBank, Agribank, and HDBank.
                    
                                        
                    
                Why ageing Asians prefer critical illness coverage
                                                                                                 
                        
                        Japan and India have the largest share of life insurance ownership.
                    
                                        
                    
                Competition Commission of India clears central bank on acquisitions
                                                                                                 
                        
                        The central bank proposed stakes in both life and general entities of Future Generali.
                    
                                        
                    
                 
            	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                             
                             
                     
                             
           
                                 
                                 
                                 
               
                                     
                                     
                                     
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
                 
                 
                 
                 
                 
                 
                 
                