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Tokyo Olympics without crowds could cost reinsurers up to $400m
These losses should not materially affect earnings as there are reserves in case of potential losses.
Tokyo Olympics without crowds could cost reinsurers up to $400m
These losses should not materially affect earnings as there are reserves in case of potential losses.
AXA units, KKR subsidiary ink $4.8b whole life reinsurance deal
AXA HK has reinsured a closed block of whole life insurance policies originating in Asia.
India rubber-stamps LIC IPO share sale
A group of ministers will now decide on various issues related to the proposed offering.
Sompo International forms APAC global risk team
The team will target accounts in the financial institutions, hospitality, and life sciences, amongst others.
Stable underwriting, investment support DBI Insurance medium-term performance
DBI’s risk-adjusted capitalisation is backed by solid growth of its capital, which reached $5b as of end-2020.
South Korean insurers chided for restrictive COVID-19 vaccine policies
Customers have been giving personal data in exchange for these policies.
HKECIC posts $24.7m FY 2021 net profit
This was from a net loss of $13.5b (HK$104.6b) reported in FY 2020.
India's LIC to have CEO, managing director instead of chairman
Both the CEO and managing director positions will be appointed by the government.
Reinsurance pool could lead to premium discount in Australia's cyclone areas
The government announced a $7.4b (A$10b) cyclone reinsurance pool that will help drive down insurance premiums.
Thai regulator probing possible fraud in COVID-19 claims
COVID-19 claims in the country have jumped ten times since last year.
South Korean life insurers' interest payment burden rising: report
Their financial performance is diverse but has decayed amidst the prolonged low interest rates.
FWD Singapore, Ryde extends free accidental death insurance
Passengers can also get compensated if they lose their IDs during a trip.
Sun Life HK launches new participating insurance plan
Vital offers whole-life protection and potential long-term wealth growth.
AXA XL names chief underwriting officer for APAC, Europe
Marine Ress will be responsible for underwriting strategy for general liability, motor, and environmental insurance.
US firm Arthur J. Gallagher acquires Mumbai broker Edelweiss
The deal is still subject to regulatory approval.
China to hike subsidies for agricultural insurance premiums
Subsidies will be provided to crop-growing farmers who buy full-cost insurance or income insurance.
Westpac sells NZ life insurance unit to Fidelity Life
Westpac Life NZ and Fidelity Life will also enter into a 15-year distribution agreement.
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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.
