News

Chubb, Maryland to discuss $350m compensation deal: Report

Analysts anticipate total insurer payouts could reach $4b.

Chubb, Maryland to discuss $350m compensation deal: Report

Analysts anticipate total insurer payouts could reach $4b.

Microinsurance sees $41.4b market potential

71.5% of APAC received insurance for property or loss-of-income.

Pacific Prime and MixCare partner for employee wellness in HK

Pacific Prime's customers will now have access to MixCare's platform.

Insurance incentives sweeten EV deal for consumers

Tax incentives and the introduction of charging stations are boosting the EV market.

How are Insurance-Linked Investments profitable?

Schroders says ILS is primarily driven by natural events rather than corporate factors.

Peak Re reports ‘best-ever’ earnings with $200m in FY’23

Favourable January renewals are seen to sustain strong underwriting margins.

AIA boosts buyback, targets 75% payout in 2024

AIA is expected to maintain robust risk management practices, S&P Global says.

Firm advises Sanlam on increased stake in Shriram Insurance

It ploys to increase its share in Shriram’s life and general insurance business.

Digital wealth platform targets banks, insurers in Asia

abrdn and FNZ’s platform has $90.9b assets under administration.

Hong Kong Life promotes wealth transfer with new plan

It includes features like flexible death settlement options.

WTW Japan’s pension fund index up 5.6% in 1Q24

The firm’s benchmark discount rate increased to 2.39%.

Nippon Life eyes 20% surge in core operating profit by 2026

The insurance company laid out its three-year targets focusing on boosting revenues.

Chubb elevates Kate Burke in APAC personal lines

Burke has over 17 years of industry experience and has a background in travel insurance.

60,000 gig workers to get insurance from JodRewards programme

The sponsored benefits are underwritten by Etiqa Insurance Singapore.

Income Insurance debuts in AltaX

Income Insurance shareholders can sell their shares to Phillip Securities.

Health insurers show mixed profit margins in Q4’23

There was a noticeable decrease in market capitalisation noted from Q4’22 to Q4’23.