News
Sun Life Singapore appoints Michael Wei in newly created role
Wei will be leaving his position as Sun Life’s Chief High Net Worth Officer.
Sun Life Singapore appoints Michael Wei in newly created role
Wei will be leaving his position as Sun Life’s Chief High Net Worth Officer.
M&A deals to further consolidate Singapore’s life insurance industry
The top insurers are to gain more share in an already concentrated market.
Philippines allows non-life insurers to offer agriculture cover
Agricultural insurance has a low penetration rate in the country.
IAPS pushes to insure unborn children for birth defects
At least one major Indian insurer has agreed to provide cover.
China tightens rules for online insurance sales
Insurance firms were ordered to comply or stop selling insurance online by January.
UK-based reinsurance broker acquires VIB
VIB will also rebrand into BMS Korea under the BMS Asia Team.
Bowtie bags $22.6m in Series B1 funding round
The virtual insurer plans to use the fresh funds for its Asia expansion.
QBE boosts home insurance with Kangaroo smart home security tech
This will allow homeowners to detect and prevent damage from water and humidity.
Hong Kong’s Avo secures HK$260m in fresh funding
The insurer plans to use the fresh capital for product development.
Lack of ‘political will’ won’t delay LIC IPO: Nirmala Sitharaman
India’s finance minister said they plan to finish the IPO by March.
Thailand insurance premium growth sluggish in 2021
This is due to a weakened economy with higher household debt.
PayMaya Philippines launches microinsurance service PayMaya Protect
The digital payments platform has teamed up with bolttech for this latest project.
South Asia digital personal P&C premiums to hit $7.5b in five years
Digital personal P&C insurance penetration rate in the region is at 1%-2%.
Will India’s motor insurance decline remain in the rearview mirror?
The recent increase in new auto sales helps get the industry back to the growth path.
Insurtech Surer clinches $1m seed funding
The startup was launched in September last year.
Sompo Singapore to use drones in future property risk assessments
The insurer recently obtained the necessary license from CAAS.
Rey Assurance boosts cashless claims with AXA partnership
Rey will work with AXA to remove friction from its cashless claims platform.
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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.
