Insurance
Munich Re's regional restructuring focuses on P&C business
New leaders have been selected for Japan, Korea, and India.
Munich Re's regional restructuring focuses on P&C business
New leaders have been selected for Japan, Korea, and India.
ICICI Lombard's GDPI climbs 17.8% in FY’24
Its Q4’24 earnings were driven by motor and health segments.
Vietnam's general insurance to hit $3.9b by 2028
Motor insurance holds the third-largest share in 2023’s GWP.
Generali revamps organisational structure
Generali Investments Holding will manage global asset management activities.
HKIA takes action against ethical breach by agent
This is the 7th case the HKIA reprimanded an insurance practitioner.
Asia bears $17b of Q1 natural disaster economic loss
Less than half of the global economic losses were insured during Q1’24.
Liberty Mutual bolsters capabilities to expand in APAC
Liberty Specialty Markets and Asia Retail Markets will merge.
S. Korea sees 189 large liability claims in a decade
It was an average of 19 claims per year and a loss amount of KRW3.2b per claim.
Philippines’ IC teams with IBP on free legal aid for claims
Last year the commission addressed 5,417 informal complaints.
Allianz Partners collaborates with MoneyHero for travel insurance
The policy is underwritten by Tokio Marine Insurance Singapore.
India’s non-life premiums see double-digit growth in FY’24
The industry is projected to grow 13% to 15% in the medium term.
AllianzGI expands footprint in China
The company received approval for its FMC business back in August 2023.
How insurance companies can embrace sustainability
A Sustainable Insurance Roadmap was made to guide companies on how they can incorporate sustainability into their strategies.
Korean Re notes potential growth of pet insurance amid low uptake
Whilst there is a growing demand for pet insurance in Korea, only 11.9% of households with pets availed of insurance.
Natural disasters steer Asia Pacific towards parametric insurance
Swiss Re gives importance to parametric insurance amidst challenges like basis risk and modelling complexities.
Outlooks of six Chinese insurers pressured by sovereign risks
On the contrary, one insurer should experience a stable outlook.
AXA Mandiri’s Shariah insurance fosters mutual assistance amongst participants
Risks are shared and covered collectively by all Participants (Takaful) to mutually help one another.
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Vietnam’s insurance giants armour up for tech challenges
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Insurers adopting digital tech eye double-digit growth.
Insurers adopting digital tech eye double-digit growth.
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Critical illness coverage penetration challenges: Understanding Singaporean Struggles and Solutions
Renewables push faces climate hurdles post-COP28