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Indonesian takaful market gaining ground despite low penetration
The low market share is driven partly by the still-nascent Islamic finance ecosystem.
Indonesian takaful market gaining ground despite low penetration
The low market share is driven partly by the still-nascent Islamic finance ecosystem.
Australian general insurers' 2020 net profit nosedive 99% to $26.8m
Catastrophe claims and BI provisions were amongst the reasons.
Eight in 10 Singaporeans without CI experience fret over medical bills: survey
Almost 30% of CI patients incur more than S$250,000 in medical and hospital bills.
Singapore life insurers to assist policyholders as deferment period closes
Those currently under the scheme will remain until their applicable end date.
India mulls hiking LIC's authorised capital ahead of IPO
The life insurer's paid-up capital is currently at $1.4b.
Losses continue for Australian life insurers
Risk products posted a combined net loss of $379m in December 2020.
Australian insurers' capacity shrinks: report
Several classes have experienced premium hikes.
Taiwan insurers' 2020 pre-tax profit jumps 30.7% to $8.35b
The buoyant stock market drove the growth.
Hongkongers more keen about retirement planning now: report
But there is still room for improvement in terms of actual performance.
India mulls capping banks' ownership stakes in insurers
It suggests that the central bank is looking for uniformity in ownership rules.
Micro-insurance products enter Singapore to combat risk aversion: report
Credit insurance has become more diffifcult.
South Korea opens consultation on short-term insurance policies
Revisions include a $1.8m minimum capital requirement for insurers offering such plans.
Chinese insurers hinge on digitisation to boost competitiveness
But upfront investments may undermine near-term performance.
Pandemic mostly hit Malaysian insurers' top lines: report
In terms of bottom line, the sector sees strong underwriting results.
AXA Asia FY2020 gross revenue jumps 11% to $13.3b
Underlying earnings in the region inched up 4%.
Aegon mulls sale of Transamerica Asia business
A sale could possibly fetch $700m.
Hong Kong proposes two-year ILS grant scheme
The amount of grant per issuance will be capped at HK$12m.
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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.
