News
Swiss Re secures $700m alternative capital deal with J.P. Morgan
The deal will protect the company from losses and help its pursuit of profitable growth.
HK Insurance Authority launches new QDAP selection tool
Users can choose and compare any available QDAP policies using the search tool.
Takaful Malaysia revenue surges 18% in 2022
It earned a total of $830m for the year.
Bangladesh introduces new mortality and morbidity indices to life insurers
The new tables will take effect this 1 January 2024
Australia life insurance full-year 2022 net profit falls 59.3%
Investment loss was the main driver of the decreased performance for the year.
UOI names Wee Ee Cheong as new company Chairman
He will replace his father, Dr. Wee Cho Yaw, who will be retiring on 14 April.
Everest Re names Singapore chief executive
He currently holds the position of Head of Business Development in APAC.
South Korea reviews allowing insurers to conduct banking operations
A task force was formed to look into this.
Dai-ichi Life’s underwriting profitability to recover: Fitch
The ratings firm said that it also has ‘strong capitalisation’.
Ping An Bank Hong Kong branch granted insurance agency license
The bank will target its insurance offerings to high-net-worth individuals.
Only 1 in 8 can pay for medical costs associated with serious illness: survey
50% said that they have enough savings and a stable job to pay the medical bills
Property & Casualty drives AXA’s total sales revenues up 2% for FY2022
Underlying earnings per share increased by 12% compared to 2021.
Munich Re profits reach $3.62b in profit
The insurer beat its profit guidance of $3.3b.
Anil Wadhwani joins Prudential plc as new Group CEO
Wadhwani will replace current CEO Mark FitzPatrick
CoverGo appoints new APAC managing director
The new director is based in Singapore.
Great Eastern’s profits down 30% to S$784.2m in FY2022
CEO Khor Hock Seng said that volatility of global financial markets impacted earnings.
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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.
