Bupa Hong Kong office earns Leadership in Energy and Environmental Design gold certification
Bupa Hong Kong’s commitment to a Net Zero future, achieved through major reductions in energy and water consumption, recognised with the LEED Gold certification.
Asia Pacific businesses facing highest employee medical costs increase since 2015: Aon
Aon predicts APAC employers to see 9.7% rise in medical plan costs in 2024, driven by factors including return to pre-pandemic health care levels, high-cost treatments, chronic diseases, and global economic instability.
Insurtech InsuranceDekho raises further US$60m in Series B funding
InsuranceDekho secures US$60m in new funding round, with new investors including Mitsubishi UFJ Financial Group and BNP Paribas.
APRA Board Member Suzanne Smith urges balance between insurance financial health and affordability
Smith spoke at the Insurance Council of Australia’s Annual 2023 Conference and emphasised importance of balance in the face of issues like cost-of-living pressures and natural catastrophes.
Lloyd’s model shows Greater China and APAC most exposed in food supply shock scenario
A model created by Lloyd’s predicts that a food supply shock event could result in between US$3 trillion to US$18 trillion in global economic losses, with Greater China and APAC most vulnerable.
Taiwan’s TPIsoftware to develop core software system for Shin Kong Property Insurance
The solution will use TPIsoftware’s InsureBrick framework to build a customised system aimed at enhancing the P&C insurer’s efficiency, flexibility, and customer service.
Allianz Partners and boltech collaborate on embedded device and appliance protection
The collaboration will provide embedded insurance solutions for tech manufacturers and retailers across APAC and the US.
China’s declining interest rates increasing reinvestment risk for insurers: AM Best
China’s insurers saw its investment portfolio grow by over 10% last year, however insurers are grappling with dwindling yields, limited investment options, and negative spreads due to declining interest rates.
Fitch Ratings affirms China Life Insurance’s Financial Strength at A+
Despite observations of potential risks, China Life Insurance’s robust performance and substantial government support earn it a continued A+ rating from Fitch.
Hong Kong taxi industry calls for government support after Typhoon Koinu havoc: Report
Uncertainty about extreme weather cover contributed to thousands stranded at airport for hours and facing fare hikes of over 300%.
