News

Asian Re should improve business plan for better underwriting output: AM Best

Asian Re is anticipated to face ongoing market and regulatory challenges.

Asian Re should improve business plan for better underwriting output: AM Best

Asian Re is anticipated to face ongoing market and regulatory challenges.

Global protection gap reaches $1.8t in 2022

Asia Pacific among emerging economies to witness improvement in natural catastrophe resilience.

Five HK banks, HKECIC team up to underwrite risk on domestic sales in China

The collaboration targets to boost insurance protection for Hong Kong exporters.

Hong Leong Bank, Chubb Life collaborate to offer life insurance in Vietnam

The bank’s range of life insurance solutions is in line with its goal of financial inclusion.

Hong Kong life insurance market to improve in two years: S&P

The life segment is predicted to jump by 20% o 25% in 2023.

MAS fines 4 entities S$3.8m for failures in anti-money laundering controls

DBS and OCBC are fined S$2.6m and S$600,000, respectively.

Manulife Hong Kong scales up China hospital network

It has expanded into more than 3,000 hospitals across mainland China.

Aspen names new chief operations officer for insurance

Robert Tartaglia will begin his new role as COO on 3 July.

AXA, Carbon Wallet partner to reward green lifestyle

This partnership incentivises actions toward a sustainable lifestyle.

NEXEA allies with Allianz, Exitra, Spritzer for start-up support

The collaboration aims to boost the growth of the startup ecosystem in Malaysia and beyond.

India’s non-life insurance premiums expand slower in May

Indian non-life insurance market is projected to grow by approximately 13-15% in the medium term.

OCBC buys more Great Eastern shares for S$39.9m

OCBC now owns 88.4% of its subsidiary’s shares.

IT investments to impact FWD General Insurance’s profitability: Fitch

The insurer will complete a significant portion of its IT investments by the first quarter of 2024.

Tech is key for ESG reporting: Ping An Insurance chief

The company also announced its dedication to expanding green finance and striving for carbon neutrality in its operations by 2030.

Lexasure, Qornerstone forge partnership to boost real estate risk mitigation products

Insurance products will cater to residents of Singapore and Malaysia.