insurance

Vietnam health ministry proposes overhaul of insurance law

Amendments and provisions to Vietnam’s Law on Health Insurance are said to take effect on 1 January 2025.

Vietnam health ministry proposes overhaul of insurance law

Amendments and provisions to Vietnam’s Law on Health Insurance are said to take effect on 1 January 2025.

Allianz General surpasses RM3b GWP target, group revenue surges

Both its life and general businesses saw robust earnings growth.

China Life Insurance to see 45% YoY profit slump – Nomura

China Life is the only insurer Nomura covers that has adopted the transition plan for the new accounting standards (IFRS) for insurance contracts.

FWD Group extends partnership with Microsoft to boost AI capabilities

The insurer will be using Microsoft's Azure OpenAI Service.

Global Atlantic secures $10b deal with Manulife US, Japan

This is the third partnership both entities have done.

HKIA’s annual report shows push for global centre status

The report outlined the authority’s initiatives in the past year, including passing the Insurance (Amendment) Bill 2023.

Allianz APAC’s operating profit catapults in 2023

Both P&C and L&H saw robust growth in their 2023 performance.

Cross-agency steering group revamps website to boost sustainable efforts

The website also now features sustainability-related data, regulations, news, events, training, and internship opportunities. 

Seven of 10 shoppers want protection for purchases but prefer low-cost

The survey also showed more trust in social media marketplaces versus the companies selling goods through these platforms.

New Zealand trade union urges income insurance amidst rising redundancies

The CTU President said New Zealand ranks among the countries with the lowest levels of redundancy protection globally.

Fitch affirms Tokio Marine & Nichido Fire Insurance's strength amid challenges

TMNF’s assessment considers TMHD's robust company profile, strong financial performance, and solid capital adequacy

Budget Direct Insurance celebrates seven years

CEO Birch spearheaded the formation of DirectAsia Insurance in collaboration with the Whittington Group.

Great Eastern’s weighted new sales dip, earnings soar in 2023

The total dividend for 2023 amounted to 75 Singaporean cents per ordinary share.

New reinsurance guidelines spotlight Indian insurers' capital management

The IRDAI is actively considering introducing collaterals within the Indian insurance industry.

Australian employers to boost 2024 salaries by 4.0%; insurance sector trails: WTW

Inflationary pressures and concerns over a tight labour market continue to be catalysts.

Zurich Group's BOP jumps 21% YoY, APAC business soars

The APAC business also announced a partnership with India-based Kotak Mahindra Bank.

IRDAI modifies master circular on unclaimed amounts of policyholders

The IRDAI reminded insurers to make better efforts in terms of payment of dues.