News
Singapore’s life insurance industry dips 9.7% in 9M23
The life insurance industry reported a YTD total of S$3.5b in weighted new business premiums.
Singapore’s life insurance industry dips 9.7% in 9M23
The life insurance industry reported a YTD total of S$3.5b in weighted new business premiums.
Aspen names new int’l head of cyber
He will continue to be based in the London office.
New Zealand’s insurance profitability remains subdued – Reserve Bank
Regarding regulatory updates, progress has been made in two reviews of insurance regulation.
Manulife surpasses Q3 performance expectations: Report
Analysts have estimated 83 cents per share for the quarter.
Insurers close protection gap amid rising mental health issues
As Singapore sees a large protection gap, insurers attempt to close the gap through emphasizing mental health and sustainable inclusivity.
Ping An denies news of takeover move: Report
The insurer denied taking a controlling stake in the troubled Country Garden.
Munich Re records $3.9b profit in 9M23
The German reinsurer has been following the new reporting standards IFRS 9 and 17.
AXA XL appoints new CUO for APAC, Europe
She has extensive experience as an environmental liability underwriter.
Manulife HK, Macau’s APE sales and core earnings grew more than half YoY
Higher demand in the mainland prompted this robust growth.
bolttech boosts international collaboration with telecoms
This collaboration aims to provide device insurance for European mobile operators.
Coal asset stranded risk grows amid insurance coverage challenges: WTW
WTW’s report highlights the struggle between energy security, affordability, and sustainability, leading to continued volatility in the power sector.
Singlife receives $179.9m capital injection from Sumitomo Life
With 23.68 million new shares, Sumitomo Life now owning a 27.001% share.
WTW opens APAC Climate Risk Centre in Singapore
It concentrates on evaluating and quantifying both physical and transition climate risks.
Coalition inaugurates its first active cyber insurance in Australia
It hopes to fortify businesses’ cyber defences.
The lack of available resources forces asset owners to remain on legacy tech: Survey
More than half of asset owners, including insurers, still utilise spreadsheets for monitoring assets.
Global M&A claims surge despite smaller deal volume: Report
In 2022, the largest claims still originate from accounting and financial issues.
APRA corrects audit standards for life insurers
The amendments were minor changes to level of assurance required for two reporting standards.
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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.
