News

Insurtech funding landslides in 2023 to $4.5b

P&C and L&H both saw double-digit contractions.

Insurtech funding landslides in 2023 to $4.5b

P&C and L&H both saw double-digit contractions.

PT Asuransi Tugu Pratama sustains strong operating performance: AM Best

The Indonesian insurer is expected to have volatile underwriting in the short to medium term.

AIA’s China expansion to enhance earnings diversity in long run: analyst

But capital buffers may narrow due to dividend payout and share buyback schemes.

STARR Insurance Japan CEO to Lead WTW's Japan Operations

Ryohei (Roy) Nakazawa will report to Luke Ware, head of CRB Asia.

Sun Life posts growth in Q4’23, Asia’s individual sales driven by Hong Kong market

Regional office expenses and other factors resulted in a net loss of $12m.

bolttech unveils travel insurance through FWD

Cancellations for any reason is covered by the plan.

Vietnam targets insurance evasion, partners with prosecution authorities

Social security offices have assessed damages caused by violations and calculated unpaid insurance premiums.

APRA issues supervision and policy priorities for 1H’24

There will be a focus on balancing financial sustainability with affordability and availability in the insurance sector

Resolution Re enters first flow reinsurance collaboration with Japanese insurer

It aims to increase capacity and better product competitiveness.

WTW reels in Royston Tan for head of health and benefits, APAC

Tan has 25 years worth of experience with employee benefits and life insurance operations.

Hexian Insurance Brokers joins Approved Supplier List

The insurer will be able to offer medical, accidental injury, and critical illness coverage for corporate employees.

Tyser boosts Asia, MEA presence with senior hires

Jayees Ibrahim and Elias Nohra has been added to its Dubai team to enhance operations in Asia, MEA nd Africa.

APAC’s insurance rates in Q4’23 flat, rises 2% globally

This is the 25th consecutive quarter composite rates climbed.

Malaysian Re's conservative investments bolster balance sheet

AM Best forecasts strong capitalization for Malaysian Reinsurance Berhad.

Younger generation more inclined to purchase life insurance

Oliver Wyman Hong Kong reveals growing consumer focus on health and critical illness coverage, with younger demographics showing increased concern.

Prudential HK makes new appointments in management

Liang Huijia and Cai Mingxiong began their terms last December.