News
Singapore’s life insurance industry down in first quarter
Annual premiums surged 24.7% on a quarterly basis.
Singapore’s life insurance industry down in first quarter
Annual premiums surged 24.7% on a quarterly basis.
AEON Retail partnership will offer device protection for Malaysians
It can cover smartphones, tablets, and other home appliances.
Starr Insurance puts up Labuan branch, Malaysia
The Labuan Financial Services Authority granted the insurer a general license.
Manulife HK and Macau insurance sales rise 26% to HK$1.66b in Q1
Critical illness plans and deferred annuity plans increased by over 40%.
Insurers see changing attitudes towards health and wealth amidst economic crisis: Manulife
70% of people in Asia express confidence in achieving their personal finance goals, with saving for retirement as the top priority.
Japanese tech firms create embedded property insurance for online real estate
The insurance will be offered to RENOSY customers.
FWD Singapore unveils first participating fund
It plans to encourage customers to invest in a passive income stream.
Prudential’s first-quarter APE up 35%
Sales in its bancassurance business fell 4%.
Peak Re 2022 gross written premiums up 7%; records net loss
It expects to benefit from improved technical results and investment returns for 2023.
Suzuki Malaysia has appointed Tokio Marine as its sole panel insurer
Suzuki motorcycle riders have a chance to receive complementary add-ons.
HK Insurance Authority opens Northbound travel scheme for motorists
This will allow eligible Hong Kong private cars to travel through HQMB without needing regular quotas.
Great Eastern posts S$244m in Q1 profits
Total weighted new sales, however, declined by 22% during the year.
Allianz APAC and INSEAD collaborate for Life and Health program
The training will be offered to licensed Life and Health business professionals.
Korean insurers see 2022 profit surge 11.1%
The Korean insurance market is expected to grow by 2.1% in 2023.
FWD and SCB add 2 years to Thailand bancassurance contract
The collaboration with SCB has the largest contribution to FWD Thailand’s business.
Canopius names two heads to boost P&C reinsurance services in APAC
They will lead the expansion of Canopius’ local reinsurance offering.
Allianz Malaysia launches campaign for retirement readiness
Only 38% of Malaysians have taken steps to prepare for retirement.