News
APRA proposes reforms to strengthen private health insurance
One of the proposals is to increase minimum capital requirements.
APRA proposes reforms to strengthen private health insurance
One of the proposals is to increase minimum capital requirements.
Hong Kong International Airport offers free insurance to travelers
Passengers will receive compensation if their flight is delayed more than six hours.
Singapore general insurers to end COVID-19 relief measures
The sector-wide financial relief measures will conclude on 31 December 2021.
China scraps foreign ownership limit of insurance asset managers
The current limit is capped at 25%.
South Korea’s KDIC sells stake at Woori Financial for $765m
The 67.9 million shares were sold to five investors, including Eugene PE.
Climate change pushes insurers to adopt ESG practices
21.6% believes climate change is the main driver for ESG practice adoption.
ZA Bank launches new savings insurance plan
The offering comes with a guaranteed return rate of up to 2.5% p.a.
AXA Hong Kong introduces instant mental health assessment app
This is exclusive for its Employee Benefits customers.
Chubb reshuffles leadership in Asia
New leaders were appointed for Singapore and Hong Kong.
Tokio Marine launches new partnership with MaaS Tech Japan
This expands their original business alliance agreement in June 2020.
Insurance industry vital to GBA vision: Lam
Hong Kong together with HKIA is working to establish after-sales service centres.
LIA and IMAS relaunches national funds data platform
The new platform has been made user-friendly with several features added.
HKIA grants CPIC Life (HK) long term insurance business authorization
The firm focuses on products like health protection and wealth management.
AIA pledges net zero GHG emissions by 2050
The firm’s emissions will be overseen by a climate committee.
WTW acquires Sydney-based aviation insurance broker Aerosure
Aerosure services the insurance and risk needs of the aviation industry Australia and Asia Pacific.
South Korea’s Kyobo Life requests punishment for Deloitte Anjin accountants: report
They are accused of colluding to inflate the price of six million shares.
BEA mulls selling general insurer Blue Cross—report
The Hong Kong lender is said to be seeking to raise cash by disposing of non-core assets.
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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.
