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S. Korea’s FSC proposes corporate governance revision for financial firms
The revisions include the adoption of responsibilities maps and management of internal control duties by executive officers.
S. Korea’s FSC proposes corporate governance revision for financial firms
The revisions include the adoption of responsibilities maps and management of internal control duties by executive officers.
India’s non-life sector driven by health, motor in January
Geopolitical tensions and elevated inflation could affect the sector in the medium term.
Motor insurance segment in S. Korea to exceed $19b by 2028: GlobalData
Healthy loss ratio driven by lower claims will assist insurers in re-assessing their risk exposure.
KoverNow to incentivise policies, 15 Max Miles for every SGD spent
The insurtech partnered with Max Miles to reward purchases of travel and items coverage.
Actuaries Institute urges policy shift to address retirement challenges
About 16 million Australians are facing challenges when it comes to retirement.
S’pore’s life industry dips 3.9% YoY in weighted new business premiums 2023
Fourth quarter 2023 saw an increase in the uptake of both annual and single-premium products.
WTW, Solomon Agency partner to provide insurance solutions in South Korea and Vietnam
It plans to offer risk transfer services to clients in South Korea, Vietnam, and other parts of APAC.
Gallagher India reveals new CEO
She held various positions in Gallagher since 2019.
Total claims payout from Noto quake at JPY20.5B
Accepted claims for the incident was tallied at 76,497.
Swiss Re targets $3.6b 2024 earnings after robust 2023 performance
Its P&C business leads with $1.9b.
Why embedded insurance is a must-have
An estimated 16% of Asian insurers’ revenues are now derived from embedded insurance.
Manulife Asia sees strong premium growth, new business in 2023
APE sales rose 15% to $3.3b for the year.
QBE Insurance appoints Rob Kosova as Asia CEO
He begins his new role on 1 April.
Manulife Financial reports $5.6b net income for 2023
Earnings per share is $2.62 for the period
Philippine social insurer GSIS logs record-high premiums for non-life insurance arm
This makes GSIS the largest non-life insurer in the Philippines.
India’s life sector relaxes in January, YTD
Private insurers maintained growth but at a slower pace compared to last year.
Property insurance in China could reach $41b in 2024
The industry saw a higher demand for property insurance driven by NatCat events in 2023.
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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.
