News

JFTC storms four big Japanese insurers for alleged cartel behaviour: Report

The insurers are suspected of using co-insurance policies as a mechanism for coordinating and fixing premiums.

JFTC storms four big Japanese insurers for alleged cartel behaviour: Report

The insurers are suspected of using co-insurance policies as a mechanism for coordinating and fixing premiums.

Indian lawmakers initiate talks with financial sector starting January: Report

The agenda also includes a meeting with the Insurance Regulatory and Development Authority of India and four major insurance companies on 2 January.

Select life insurers show strong profitability – Fitch Ratings

Operating profitability of insurers from Hong Kong, Singapore, and Thailand pose with sound mortality gains and favourable investment returns.

Korean non-life and life industry stands steady in 2024 – Fitch Ratings

Insurers are seen to exhibit enhanced financial performance in the short term, mainly because of improvement in investment yield and focus on higher-value-added businesses.

S.K.’s FSC Issues guidelines for fractional investments in regulatory sandbox

Authorities anticipate that this guideline will enhance business entities.

HKIA flags fraudulent activity

The mentioned company is neither an authorized insurer nor a licensed insurance intermediary under the Insurance Ordinance (Cap. 41).

S.K.’s stock market index to release English disclosures this coming year

The mandatory English disclosures of significant information will be enforced for KOSPI-listed firms in two stages.

Malaysia Life Re enters family retakaful market

As part of its philanthropic efforts, MLRe contributed RM20,000 to two Tahfiz institutions during the launch event.

Shareholder support, markets seen to boost Qianhai Re’s capital structure: AM Best

Despite earnings decline in 2022 due to negative changes in investment valuations amid capital market volatility, QHR has remained profitable over the past few years. 

Hong Kong virtual insurers need to be ‘extra user-friendly’ – Consumer Council

The council urged the industry to enhance website functions and improve the disclosure of privacy policies to enhance consumer confidence in virtual insurance products.

Life insurers urged to examine contracts for transparency – APRA & ASIC

The joint APRA and ASIC review prompts regulatory expectations for Australian life companies.

Hong Kong digital insurer secures partnership, enters UAE market

This partnership aims to bolster support for web3 entities, including banks, custodians, and asset managers across the Middle East.

SEADRIF welcomes Ellen Yong as new CFO

Yong has worked with addressing catastrophe risk financing.

Zurich unveils new CFO, Quinn to step down

Claudia Cordioli will succeed George Quinn, the current Group CFO, who has chosen to step down after a decade of service. 

Bright 2024 ahead for Australian insurance industry – Jefferies report

Investment income is anticipated to remain at elevated levels or potentially improve.

More Malaysian customers satisfied with the general insurance industry – Survey

Faster digitalisation and operational efficiency amidst the pandemic influenced this sentiment.

Christopher Albrecht takes seat as Sun Life S’pore’s CEO

Albrecht will lead the strategic and operational aspects of Sun Life Singapore's business.