News

Hong Kong insurance firm staff heads for the exit and here’s why

The industry is on the cusp of a serious ‘brain drain’.

Hong Kong insurance firm staff heads for the exit and here’s why

The industry is on the cusp of a serious ‘brain drain’.

Hong Kong IA reveals insurance complaints dropped by 9% in 2021

The IA also said its handling of complaints also improved.

Budget Direct entices AXA Singapore’s employees and customers with ad

The move comes as reports say AXA Singapore is leaving the general insurance business.

Australia general insurance investment income drops by 76.3% in 2021

However, industry profit still increased to $1.24b compared to $43.77m in 2020.

Taiwan non-life pre-tax profit surges to 85.7% YoY in January

The life insurance industry only saw a 6.2% increase.

Great Eastern reports 33% decline in shareholder profits for Q4

However, overall shareholder profit for the financial year of 2021 increased by 16%

Chinese insurer PICC P&C shrugs off sanctions on Russia

The insurer says their business is unaffected.

Surer backs new professional indemnity insurance in tripartite agreement

The product helps accountants protect themselves against lawsuits from clients.

Taiwan general insurance industry growth tapers off in 2022

Gross written premiums’ annual growth rate peaked at 10.1% in 2021.

MAS bans ex-OCBC representative for fraud and dishonesty

She has been handed a five-year prohibition order.

New pay and earn scheme highlights Manulife Philippines newest product

The product is available for less than $400 a year, payable in five to 10 years.

AIA sells Australian savings and investment business

AIA said that the business is no longer core to its business strategy.

Allianz Malaysia ends 2021 with a 7.2% growth in premiums

Its general insurance business also grew by 3.2%.

Hong Kong insurance regulator warns public against phishing scams

There have been reported cases of fraudsters using the name of Sun Life Hong Kong.

V2Y acquires general insurance business for $14.87m

The acquisition will also boost the firm’s insurtech business.