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Grab ventures into SME lending and micro-insurance

One product is a post-paid and installment payment service called Pay Later.

Grab ventures into SME lending and micro-insurance

One product is a post-paid and installment payment service called Pay Later.

China Life's insurance premiums surge 22.4% to $28.17b in January-February 2019

This compares to the 4.7% growth in the same period last year.

Great Eastern offers modular insurance plans in Samsung Pay

Available products include a personal accident plan and a home insurance plan.

AIA operating profit jumped 13% to $5.3b in 2018

Annualised new premiums grew 15% to $6.5b.

E-commerce firm Synagie Corporation unveils lifestyle insurance mobile app

Kaisu.me will provide a 12-month accidental screen damage protection for new mobile phones.

Sompo Japan Nipponkoa Insurance-Line tie up to allow insurance gifting

The policyholder can get a payout of $89 after an earthquake with an intensity of lower 6 or above hits their neighbourhood.

Great Eastern ventures into esports with Singtel partnership

This is Great Eastern’s first foray into esports.

China Re unveils renewable energy consortium for Chinese offshore windfarms

The consortium can provide capacity of up to $225m per risk.

Samsung Life in talks to buy 20% stake in Bao Viet Life: report

The move comes after the Vietnamese government’s plan to privatise SOEs.

Hong Kong co-working space operator theDesk unveils group medical insurance plan

It is expected to benefit the 500 individuals who work from its locations in Sai Wan and Causeway Bay.

Flexible workspace operator theDesk unveils group medical insurance plan

The plan is expected to benefit the 500 individuals who work from itslocations in Sai Wan and Causeway Bay.

Chubb acquires majority of local venture in China

Chubb increased its stake in Huatai Insurance Group to 26% from 20%.

Symbo launches digital insurance platform in Singapore

It aims to launch in Indonesia, Malaysia and Southeast Asia.

China Taiping Insurance Singapore targets the super-rich in new product

'Infinite Harvest' guarantees 100% capital from the 10th policy anniversary.

Australia's QBE swings back into the black as 2018 profits hits $390m

Insurance profit skyrocketed to $861m from $62m in 2017. QBE Insurance Group has reached the end of the tunnel as it reversed from a $1.2b loss in 2017 to a $390m profit in 2018. According to the firm, the comeback was buoyed by the ‘significantly reduced catastrophic activity’, exclusion of a $700m non-cash goodwill impairment charge and a $230m non-cash write down of deferred tax assets. Insurance profit skyrocketed to $861m from $62m in 2017. In total, the firm’s gross premiums in 2018 grew 3% YoY to $13.7b. Moreover, the firm’s final dividend hit $0.36 (A$0.50) from $0.18 (A$0.26) in 2017. “Significant portfolio rationalisation and simplification, successful placement of the restructured 2019 reinsurance program, divisional consolidation, and initiation of a three-year operational efficiency programme position us well to deliver further value to our shareholders in 2019,” group CEO Pat Regan said in a statement.

Great Eastern profits crashed by 29% to $1b in FY18

Operating profit growth from Insurance Business countered its decline.