News
PICC’s 4Q’23 earnings to rebound: UOBKayHian
Improvements in underwriting and reduced natural catastrophe losses contribute to the outlook.
PICC’s 4Q’23 earnings to rebound: UOBKayHian
Improvements in underwriting and reduced natural catastrophe losses contribute to the outlook.
ICA CEO addresses House Committee, acknowledges failures in 2022 flood response
Despite the efforts of insurers and their personnel working around the clock, some systems and processes fell short, the CEO admitted.
Australian group advocates for strict regulation on genetic test use
The Council of Australian Life Insurers calls for gov’t regulation.
Fusion forms partnerships with Antares, Beazley, Everest for SME business
Fusion’s standalone directors and officers (D&O) liability insurance will benefit from the collaboration.
Fubon Insurance gets boost from parent: AM Best
Both Fubon Insurance and the group’s Vietnam arm have shown sturdy finanacials.
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.
Japanese life insurers poised to surge $350b by 2028: GlobalData
The industry should increase 4.6% in 2023.
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.
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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.
