News
Indonesia’s new regulation seen to boost takaful sector – Fitch Ratings
This is expected to strengthen the business profiles of takaful businesses and the sector.
Indonesia’s new regulation seen to boost takaful sector – Fitch Ratings
This is expected to strengthen the business profiles of takaful businesses and the sector.
Higher domestic rates could raise investment income of Japanese life insurers: AM Best
Japanese life insurers may face a higher debt burden when they need to refinance their existing debt.
China’s insurance sector sees steady Q3 growth in assets
It rose 10.8% to an estimated $4.12t.
Taiwan’s non-life operating performance ‘likely’ to stay afloat in 2023: AM Best
Recovery in the capital markets and reserve releases will support the industry’s performance.
Allianz Commercial warns increase in cyber claims, early detection could prevent $21m loss
Data exfiltration surged 80% in 2022 alone, versus the 40% in 2019.
Marsh builds global cyber practice, forms team
It will synergise all of Marsh’s capabilities around the world.
Munich Re’s preliminary net operating performance saw $1.3b, higher than expected
P&C business saw major dips, lower than expected.
OJK wants mandated insurance coverage for Indonesians: Report
Plans for vehicle insurance are in discussion.
CapitalSG acquires majority stake in a digital health and insurance company
As part of the investment, BIMA MILVIK's holding company has relocated from Sweden to Singapore.
Zurich inks underwriting agreement with RentCover
Current RentCover policyholders will see their policies underwritten by Zurich upon renewal.
AXA XL appoints new head of art and expertise for APAC, Europe
He is rejoining AXA XL after more than two years.
United Overseas Insurance’s profit more than doubles in 9M23
Year-to-date, net earnings reached S$18.3m in September versus the S$8.2m last year.
Chubb names new general insurance head of property, APAC & Japan
Ben McGregor will begin working on his new role on 1 December 2023.
Only half of APAC use cyber insurance – Moody’s
About 31% of respondents expressed their intention to acquire additional coverage in 2023.
Business insolvencies witness sharp climb – Allianz Trade
Global insolvency rates are expected to rise significantly by +6% in 2023.
Global insured losses in Q3 surpass the century’s annual average
Economic losses amounted to $295b in the nine months to September.
Marsh McLennan names new Mercer president
In the meantime, Martine Ferland will remain CEO until her retirement next year.
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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.
