News

Health insurance amongst top priorities for job seekers in SG, HK

76% of tech hiring managers in Singapore and Hong Kong found recruitment highly competitive in 2023. 

Health insurance amongst top priorities for job seekers in SG, HK

76% of tech hiring managers in Singapore and Hong Kong found recruitment highly competitive in 2023. 

Manulife Investment, Indonesia partner for infra development

A growing demand for logistics properties is seen due to Indonesia's e-commerce market growing rapidly.

Howden taps David Shalders as group COO

Shalders will report to CEO David Howden in London.

IRDAI overhauls regulations for Indian insurers, prioritising business ease

A committee has been placed to form recommendations to the IRDAI.

HKIA applauds Article 23 consultation for legal enhancement

This initiative hopes to improve the legal regime of the industry in Hong Kong.

Aon revenue jumps 7% YoY in 2023

Net income for the year fell to $2.6b.

WTW's new parametric policy protects vulnerable South Pacific reefs

The coverage allows for rapid payouts, supporting reef recovery efforts and community assistance activities following cyclones. 

S’pore regulator proposes simplified process for affordable insurance policies

MAS now proposes to reduce information requirements for term life insurance and standard critical illness policies.

Orderly 2024 reinsurance renewals show stability amid industry concerns: S&P Global

Reinsurers are showing interest in the property catastrophe business, benefiting primary insurers. 

AXIS Capital's 2023 net income soars 79.2% to $346m

Its book value per diluted common share witnessed an uptick to $54.06.

Sunshine Insurance to have strong capital by '23-'24 with $970m bonds

The insurer will likely maintain a large holding of high-risk assets for better yield.

RenaissanceRe reports $2.5b 2023 net income

Its underwriting income stands at $1.6b.

Japanese non-life insurers navigate uncertainty despite stable outlook: AM Best

AM Best emphasises the need for a strategic approach to risk management.

Only 5% of real estate investors confident about having proper insurance

According to a WTW report, 64% of real estate managers struggle to secure suitable insurance in hardening market.

Taiwan insurers reach $3.1b profits in December ‘23

The overseas investments of life insurers yielded net gains of $16.5b.

Sri Lanka's non-life insurers grapple with profitability under new premium directive: Fitch Ratings

NITF's failure to renew reinsurance cover for SRCCT and the non-renewal of retrocession cover pose risks to its capital position and earnings.