insurance
Tong Yang Life's profit prospects strong under new ownership
Woori FG is supported by Woori Bank, one of Korea’s domestic systemically important banks.
Tong Yang Life's profit prospects strong under new ownership
Woori FG is supported by Woori Bank, one of Korea’s domestic systemically important banks.
China Re’s H1 2024 net earnings triples to $830m
EPS stood at RMB0.13.
Sun Life’s new hire to oversee digital platform expansion
He was formerly with Prudential.
South Korea’s insurers bag $7b in earnings for H1 2024
This was equivalent to a 2.8% YoY rise.
Asian insurers shift to private credit amidst new RBC rule
APAC insurers allocate an average of 6.4% of their portfolios to illiquid credit.
Zhong An’s H1 2024 earnings fall 24.5% YoY
Its EPS stood at RMB1.11 cents.
Asia Pacific drives 54% of bancassurance market growth
The market is seen to expand by 6.74% this year.
Cambodia's gross premiums surge 16.9% YoY in July
The life insurance market’s contraction was offset by its general insurance.
Taiwan’s investment-linked insurance products dwindle in June
Sales of traditional products increased 19% YoY.
Taiwan insurers' earnings doubled to $10b in July
Both its life and non-life segments witnessed triple-digit growth.
Insurers burdened by managing investments, seeks third-party aid
Life insurers outsource less frequently than P&C or health insurers.
Life/annuity reinsurers see improved conditions amidst higher rates
L/A reinsurers remain well-capitalised until 2025.
Sunshine Insurance H1 2024 net profit rises 8.3% YoY
EPS stood at $0.04.
APRA sets four-year plan for financial sector stability
APRA will collaborate to address the protection gap in household insurance.
Prudential’s H1 2024 IFRS profit declines YoY
It dwindled 80.8% to $182m.
Japanese life insurers poised for earnings growth
Though other insurers have weaker profiles due to smaller operations, business diversification
China expands medical insurance to over 72% of village clinics
It aims to cover 100% of rural villages by the end of 2024.
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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.
