News
Philippine congress passes mandatory environmental insurance coverage bill
It will require project owners and operators to compensate environmental damages.
Philippine congress passes mandatory environmental insurance coverage bill
It will require project owners and operators to compensate environmental damages.
HK insurers see gross premiums drop 4.6% in Q1 2021
Long-term insurance revenue premiums declined 5.2%.
New Zealand's EQC secures high reinsurance cover for homeowners
The 12.5% jump in cover shows good value amidst a challenging market, it said.
India's Star Health raises $164m in pre-IPO funding
Singapore's GIC led the funding, investing $182m (INR6b).
Singapore life insurers to lower caps on policy illustrations
The upper illustration rate will be capped at 4.25% p.a. and the lower rate at 3% p.a.
Mixed core profit reveals Japan top life insurers' disjointed investments
Only Dai-ichi Life posted higher core profit.
Chinese insurers pouring $36.6b into elderly care sector
Ten insurers have invested in 47 community care projects.
Regulators approve Taishin acquisition of Prudential Life Taiwan
Taishin will retain all Prudential employees and increase required capital.
Indonesia's IFG Life seeks more funds amidst Jiwasraya takeover
Extra funds will come from fundraising or new capital injections.
Strong domestic profits offset Japan P&C insurers' overseas FY2020 losses
Better results in auto and personal accident lines were the reasons.
Aussie life insurers post $774m net profit
Only ILS reported a profit amongst risk products for the year ended March 2021.
Hong Kong insurtech FuSure granted reinsurer licence
It is majorly owned by Tencent.
Pandemic worsening Indian non-life insurers' headwinds
Short-term operating pitfalls will affect earnings and capital positions.
Indian insurtech Plum raises $15.6m in funding round
The funds will be used to scale engineering, business and operation teams.
Philippine insurers to shift towards new accounting system by 2025
Insurers may start to adopt the PFRS 17 in 2023.
HK regulator fines two insurance broker firms for non-submission of financial docs
One of the firms has had its licence suspended.
HK regulator extends measures on non-physical product distribution
It covers the online distribution of QDAP, VHIS, amongst others.
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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.
