insurance

S&P Global Ratings forecasts earnings surge to $3.6b in 2024 for Swiss Re 

Its life and health reinsurance segment is projected to reach $1.5b in profits.

S&P Global Ratings forecasts earnings surge to $3.6b in 2024 for Swiss Re 

Its life and health reinsurance segment is projected to reach $1.5b in profits.

Regulatory shake-up threatens Vietnam’s bancassurance sales

Bancassurance activities will face stricter management, under the amended Law on Credit Institutions.

AXA XL Reinsurance CEO ‘bullish’ for 2024

The CEO said a shift towards a more balanced relationship between insurers and reinsurers, with a clearer division of labour, in terms of the renewal season.

IFRS 17, K-ICS weakens average solvency ratio

The adoption of K-ICS drove operational strategies of Korean insurers to focus on expanding sales of protection-type products with high profitability. 

IAG New Zealand’s first-half GWP leaps nearly a quarter from last year

The NZ business has processed more than 52,000 claims from the increasing risks and extreme weather events in 2023.

HK insurance firms willing to invest in tech attract candidates in the sector

Insurers in Hong Kong earn HK$18,000 to HK$200,000, depending on the applicable department and job role or level.

Singlife ramps up interest rates of flagship digital savings plan

Half of Singaporeans find it hard to meet conditions for maximum interest rates on savings accounts. 

GREAT Green SP insurance fully-subscribed, closed: Great Eastern

Customers may invest between S$5,000 and S$100,000.

Zensung, ERGO, Munich Re to launch ‘GO GREEN’ insurance policy

It will be delivered through the “Parrot” mobile application and policyholders can monitor their trips and CO2 emissions. 

Moody's: MAS measures against erring insurers to boost client confidence

The overall business impact would be temporary because no further penalties were handed out.

Singapore's MAS reprimands AIA FA, Prudential, Aviva FA & CEO for breach of rules

They failed to properly monitor individuals onboarded as advisors, directors.

Singapore life insurers to lower caps on policy illustrations

The upper illustration rate will be capped at 4.25% p.a. and the lower rate at 3% p.a.