News

Phl’s microinsurance expands 19.6% YoY in Q3’23

Over 56 million Filipinos were insured during the third quarter.

Phl’s microinsurance expands 19.6% YoY in Q3’23

Over 56 million Filipinos were insured during the third quarter.

AM Best addresses concerns on China's economic slowdown, highlights insurer financial security

China will diversify its sources of economic growth to counteract the impact of an ageing and declining population.

Insurance-linked securities to tackle Asia's growing climate protection gap – HKIA

Hong Kong's potential role in leveraging its mature insurance and capital markets to provide alternative risk transfer tools can address NatCat risks.

Howden Asia reels in new chief client officer

Mike Baker will collaborate with Howden’s multinational client practice.

Meiji Yasuda's operating performance backed by solid balance sheet – AM Best

The insurer has demonstrated a large premium revenue stream and strong base profits.

Unmarried individuals in Singapore less resilient socially, financially– study

New study baselined the four resilient domains among Singaporeans: social, physical, mental, and financial. 

AIA HK and Citibank donate ARIA test machine to HKLSS, commemorates 10th year

The donation hopes to benefit 3,000 individuals in need of early detection diseases and strokes.

Prudential appoints new non-executive director and announces committee changes

Mark Saunders will become a non-executive director whilst Jeanette Wong will take over chair of the audit committee from David Law.

MS Amlin renews Singapore Cat Bond

The development comes after the increasing natural disaster risk environment in the region.

Sun Life expands private health services to HNW market

High-net-worth clients in Hong Kong, Singapore and Taiwan will have access to US-based PinnacleCare.

Only six out of 10 companies believe employees are fit to use modern tech

Insurance companies said using multiple systems includes high costs, inefficiency, and time and resource consumption. 

Australia’s MVRI Code of Conduct overhaul implements recommendations for better governance

The CAC is also enhancing the user experience on the code's website in response to industry feedback.

FWD Insurance partners with Bank Simpanan National for bancassurance offerings

FWD Insurance joins forces with Malaysia's oldest bank, which has 387 branches and serves nine million customers. 

OJK establishes four regulations to strengthen insurance and pension system

These regulations hope to address capital capacity limitations in the insurance industry.

PIAM supports upcoming vehicle repair requirements for safer roads

The Automotive Engineering Division of JPJ is revising guidelines on vehicle accident repair which take into account the latest advancements in auto tech and repair methods. 

Global economic loss from natural disasters reaches $380b, China floods second-highest

This is the fourth year in a row where economic losses surpass $100b.

MPM Insurance seen to maintain cautious investment moves, balance risky assets – Fitch Ratings

The insurer sustained a sufficient capital buffer, with a regulatory risk-based capital (RBC) ratio consistently above 250%.