insurance
Deal boosts Allianz to top ranks in Singapore’s market
Allianz’s Solvency II ratio is expected to reach 203% in Q1 2024.
Hyundai Marine & Fire maintains strong balance sheet
It had a 7.8% return-on-equity ratio and a 96.0% combined ratio for 2023.
Insurance patents for clean energy, carbon capture surge
Patents for clean energy insurance rose from 1,537 in 2014 to 3,004 in 2023.
GIC Re’s underwriting losses widen by 71.1% YoY for end-March
Its combined ratio increased to 111.82%.
Advanced markets to drive half of new insurance premiums by 2034
Advanced APAC is expected to see strong growth in the life sector.
Taiwan to repatriate $921b for strategic investments
It aims to boost strategic sectors with overseas insurance funds.
S. Korea’s same-sex couples eligible for health insurance
“Love has won again,” said So Seong-wook, a plaintiff.
Manulife boosts Asia team with two senior appointments
Both their roles will be effective on 19 August.
Global insured losses hit $58b in H1 2024
Natural catastrophes resulted in over 6,000 fatalities, the lowest since 2020.
South Korea's FSC greenlights financial recovery strategies
The resolution plans are composed by the Korea Deposit Insurance Corporation.
QBE Insurance unveils global cyber policy for broader protection
The coverage will be offered in five APAC markets.
VPIS posts steady 4.0% return-on-equity over five years
AM Best also assessed its operating performance as adequate.
National Insurance Trust Fund Board’s gross premiums surge this year
However, Fitch Ratings sees risk-management weaknesses in the insurer.
Global NatCat drive $61b in insured losses in H1 2024
The region accounted for 6% of the total.
60% of Indian policyholders caught in subscription traps
The Central Consumer Protection Authority (CCPA) identified 13 types of dark patterns.
Income Insurance targets to fill billion-dollar financing gap in climate transition
The region skimmed its carbon intensity by 2.8%, far below the 17.2% needed.
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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.
