insurance
Japan's property insurers stay afloat post-earthquake – GlobalData
Economic losses are estimated between $8.6b to $20.3b.
Japan's property insurers stay afloat post-earthquake – GlobalData
Economic losses are estimated between $8.6b to $20.3b.
Indonesia lifts sanctions on PT Independen Pialang Asuransi
The broker was able to obtain approval from the authority.
China intensifies healthcare probes over insurance fund concerns
It will be focusing on detecting improper fund usage in critical care,
Medical insurance tops SME employee benefits: Prudential
Whilst pay was cited as the top factor to remain in their job, the survey also noted the importance of non-financial benefits for SME workers.
China launches seven-month crackdown on industry fraud
Since 2021, the nation’s police have uncovered almost 2,000 insurance fraud cases.
India’s terrorism risk pool pays high for 18 claims last year
Limit of Indemnity is capped at INR20b per risk/location.
Vietnam’s insurance giants armour up for tech challenges
Insurers adopting digital tech eye double-digit growth.
UAE Insurers see 19% revenue growth amidst IFRS 17 shift
AM Best expects consolidation from weak underwriting performance and higher costs.
Roojai plans to become full-stack digital insurer with acquisition
In July 2023, Roojai acquired FWD General Insurance.
Health and safety overtake cyber risks in corporate concerns – Clyde & Co.
86% of directors and officers consider health and safety more important.
New Pru Life CEO commits to financial literacy in the Philippines
The CEO met with Insurance Commissioner Atty. Regalado.
FTLife changes name to Chow Tai Fook Life
The insurer plans to rebrand in the third quarter of the year.
AIA’s new business value jumps 31% YoY in Q1’24
Its China, Hong Kong, Thailand and Singapore business saw double-digit growth.
1 in 3 executives dread political risk in 2024
More than 60 countries are holding elections this year.
Insurance rates decline in Q1’24
Rates in catastrophe-exposed regions were stable despite declines.
Great Eastern witnesses 26% YoY profit surge in Q1’24
Its new business-embedded value leapt 21% YoY.
PT Axle Asia revamps as bolttech
bolttech completed the acquisition of the majority stake in Axle Asia in late 2022.
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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.
