Insurance

CGF’s underwriting performance to remain subdued: Fitch Ratings

The company incurred an underwriting loss of $358.4k (LKR107m) in 2023

CGF’s underwriting performance to remain subdued: Fitch Ratings

The company incurred an underwriting loss of $358.4k (LKR107m) in 2023

Private market investments surge amongst 73% of insurers

Optimising fixed income portfolios amongst prime investment opportunities for insurers in the next 12 months.

Momentum Life logs gains with expansion, strategy: AM Best

The company’s capital remains enough to support other operations despite a planned expansion.

Over 1.3 billion have basic medical insurance in China 

This accounts for over 95% of the nation’s total population.

China's medical insurance fund reports $470b revenue surge in 2023

Payment reforms are urged for a stable healthcare fund.

AM Best projects “modest profitability” for Tugu Insurance

The company’s financial performance was mixed in 2023.

Allianz Partners and Foodbank to host food events in Australia

The initiative aims to alleviate the financial pressures faced by international students.

HKIA launches anti-scam charter with financial regulators

The initiative involves 230 participating institutions.

‘Super election year’ heightens political violence risks – Allianz Commercial

Financial impact of past civil unrest incidents reached around $13b.

IG's reinsurance to buffer Baltimore bridge loss

The Singapore-based vessel, Dali, is insured by Grace Ocean.

Taiwan's non-life insurers unlikely to see big quake claims – AM Best

Some insurers could benefit from robust parental financial support, as mandated by regulations.

Sompo Singapore to bolster regional strategy – S&P Global

The company is unlikely to be divested by the group, says S&P Global.

GAIP details transformation in risk management towards net-zero

Asia experienced 81 climate-change related hazard events in 2022 alone.

IDF rolls out plan for resilient infrastructure

Its mission is to utilise insurance and risk management capabilities for climate resilience.

Vietnam to shift to cashless payments for pension, social insurance benefits

The shift to a cashless method will affect over 3.3m beneficiaries.

FSC announces enhanced MyData 2.0 in financial services

Amongst the improvements to be implemented is expanding MyData’s access to the digitally vulnerable.

China’s major disease insurance benefit over 11m in 2023

The program aims to lessen the burden of medical expenses for its beneficiaries.