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Mainland visitor premiums soar 2686%, But Hong Kong life revenue down 8.9% in Q1
June 1 2023
Despite mainland business increasing to 75% of pre-covid levels, overall revenue for long-term business fell to HK$127bn.
Q1 sees Hong Kong's P&C profits slump 40% as motor underwriting crashes
May 31 2023
Despite gross premiums remaining steady, underwriting profit dropped to HK$485m in the first quarter.
Australia's P&C industry sees AU$78m underwriting loss in Q1 after spike in net incurred claims
May 30 2023
Despite the loss, Aussie P&C insurers saw an overall net profit of AU$1.1bn thanks to markedly improved investment income.
2022 saw 16% reduction in Hong Kong insurance complaints
May 16 2023
Complaints concerning 'conduct' saw 32% decline while 'representation of information' rose to the top as the most common complaint.
Singapore's Life industry sees 13.6% decrease in new business premiums
May 15 2023
Single premium products have fallen significantly out of favor, though annual premiums are on the rise.
Gallagher Re: Insurtech is at an inflection point
May 9 2023
Mega-round funding is drying up and Insurtechs can no longer rely on loss-propping capital, but there's still plenty to be positive about.
Double-digit GWP growth for Korean Re thanks to new financial solutions product
May 3 2023
Despite large commercial and natural disaster losses, strong results achieved thanks to new coinsurance product along with global market hardening.
AIA highlighted as Hong Kong moves up to third in Morningstar Sustainability Atlas
April 15 2023
Hong Kong ranked as the highest non-European market for sustainability, but performed poorly when measured by Carbon Intensity
New Zealand: 2022 set new record for extreme weather claims, but 2023 is already multiples worse
April 13 2023
The amount claimed for climate-related issues in 2023 is nearly NZ$2.5bn, dwarfing the NZ$350 million record set for 2022.
Expect Singapore's life GWP to grow at 9.8% annually over the next five years: GlobalData
April 12 2023
The data and analytics firm predicts GWP to reach US$77 billion in 2027
John Lonsdale: AU insurers need to do more about cyber or face enforcement consequences
March 31 2023
The APRA Chair spoke at the AFR Banking Summit 2023
AU brokers wrote 12% more business in 2022
March 30 2023
The increase, to AU$18.5bn, was revealed in APRA's most recent release of Australia's intermediated general insurance statistics
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