News
Tokio Marine marine insurance cover sales surged by 31% in May
Total sales increased by 4.6% for the month.
Tokio Marine marine insurance cover sales surged by 31% in May
Total sales increased by 4.6% for the month.
Taiwan insurers mull injecting new funds as COVID-19 claims cut down profit
Two insurers plan to raise capital once their risk-based capital falls below 250%.
Igloo expands footprints in the Philippines
The insurtech firm facilitated 60 million protection plans in the country.
1 in 2 Hong Kongers said they have ‘no spare money’ for insurance
This is despite 80% saying they understood the importance of insurance.
Chubb and JA Assure launches cyber insurance platform for SMEs
The platform is currently available in Hong Kong, Malaysia, and Singapore.
India extends ‘Use and File’ system
This allows insurers to market products whilst waiting for regulator approval.
Monument Re acquires Zurich Singapore’s life business
Employees will be retained by the insurer.
India general insurance industry doubles growth rate in 2022
From 5% in 2021, it is forecasted to grow by 10.2% by end 2022.
AXA offers free travel insurance for customers in Hong Kong
The insurance is free for customers in quarantine after returning home.
Great Eastern sets new target for net zero goal by 2025
The insurer recently released its 2021 sustainability report.
South Korea insurance industry profits fell by 21% in Q1
Net profits for all 53 major insurers totaled $2.45b.
FWD delays $1b IPO
A volatile market was the reason for the delay.
Taiwan insurance industry suffers double digit drops in April
Life insurance enterprise fell by 13.9% whilst decreased by 16.5%.
China Life Indonesia arm signs sales partnership with ZA Tech
This paves the way for the launch of the insurers endowment cover.
LIC net profits surges by 39.4% in full-year 2021
This is despite a fall of 18% in profits in the fourth quarter.
China regulator green lit AIA China's new branch
The insurer will establish a new branch in Henan.
Hong Kong insurance regulator faces staff shortage: report
The regulator said it is understaffed by around 10%.
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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.
