Insurance
China to eclipse US as world's largest insurance market by 2030s
The CAGR hit 16% for the non-life segment and 17% in life from 2013-2017.
China to eclipse US as world's largest insurance market by 2030s
The CAGR hit 16% for the non-life segment and 17% in life from 2013-2017.
One in 10 Hong Kong SMEs do not have insurance protection: survey
Only a fifth of SMEs have insurance protection against business interruptions.
Vietnam to boost life insurance coverage to 15% by 2025
Only 8% of the population currently has a life insurance plan.
China Re unveils renewable energy consortium for Chinese offshore windfarms
The consortium can provide capacity of up to $225m per risk.
Korea cracks down on third-party agent selling
The move will enhance transparency and reduce risk of mis-selling.
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.
Insurers gear for Hong Kong's $1.27b national health insurance programme
The Voluntary Health Insurance System will offer $1,000 in tax benefits to lure residents.
Chinese insurers premium income up 24% in January
Premium income hit $126.61b at the start of the year.
Korean life insurers hit by short-term pain in shift towards protection products
Savings type products require higher capital charges and offer less attractive margins.
New life business premiums in Malaysia inched up 1.8% to $2.52b in 2018
New premiums in the group business jumped 9.4% to $870m.
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.
Insurance gross premiums in Singapore up 3.4% to $3.81b in 2018
The motor insurance segment’s underwriting profit jumped 137% to $9.96m.
Singapore to raise insurance cover for overseas project funding to $50m
It aims to strengthen support for local businesses’ overseas expansion.
Chubb acquires majority of local venture in China
Chubb increased its stake in Huatai Insurance Group to 26% from 20%.
Singapore offers rewards of up to S$10,000 for insurance fraud tip-off
Individuals with knowledge of wrongdoing should submit documentary evidence.
Motor policyholders in India blame insurers for lapsed policies: survey
Around 36% specifically blamed their insurer whilst 23% pinned the blame on their agent.
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1. Singlife introduces first market insurance for dementia care 2. HSBC Life Singapore unveils universal life plan for affluent clients 3. Is ‘Londonisation’ good for Asia’s M&A insurance market? 4. Insurance loyalty rises despite market challenges – Bain & Co. 5. Only 60% of financial firms have cyber risk plansResource Center
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09
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Proactive dialogue with regulators, embracing tech advancements are key to preemptive compliance – EY's Anita Sun-Young Bong
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The EY Partner reiterated that though innovation carries inherent risks, balancing it with risk management through crisis simulation systems ensures sustainable progress.
The EY Partner reiterated that though innovation carries inherent risks, balancing it with risk management through crisis simulation systems ensures sustainable progress.
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1. Singlife introduces first market insurance for dementia care 2. HSBC Life Singapore unveils universal life plan for affluent clients 3. Is ‘Londonisation’ good for Asia’s M&A insurance market? 4. Insurance loyalty rises despite market challenges – Bain & Co. 5. Only 60% of financial firms have cyber risk plansAwards
Jul
09
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Firewalls are never enough