News

lic-ceo-confirms-insurer-looking-to-enter-health-insurance-sector-via-acquisition

LIC CEO confirms interest in entering health insurance sector via acquisition

August 12 2024

MD & CEO Siddhartha Mohanty says LIC India seeks to acquire a standalone firm for its foray into health insurance “rather than set up a vertical.”

chinas-insurers-see-33-1-surge-in-claims-in-first-half-of-2024

China's insurers see 33.1% surge in claims costs in first half of 2024

August 12 2024

Key figures from the regulator reveal a notable rise in assets, but a rise in claims and benefits paid amid a series of floods this year.

qbe-enters-us1-6bn-reserve-deal-with-riverstone-and-enstar-to-de-risk-exposure

QBE signs US$1.6bn deal with RiverStone and Enstar to de-risk reserve exposure

August 9 2024

Deal will de-risk North American middle-market and a small number of other international portfolios.

South Korea’s ABL Life launches women-exclusive health insurance products

August 9 2024

The new insurance offering includes coverage for female diseases, cancers, and major life stages.

Zurich’s Asia Pacific business logs higher operating profit for 1H 2024

August 9 2024

The Swiss insurance company recorded a US$260m operating profit for its APAC business, up 9% compared to the same period last year.

Major Japanese non-life insurers to raise corporate fire premiums in October - report

August 8 2024

Insurers to raise premiums by no more than 15% to counter deteriorating profitability and align with FSA business improvement orders.

Hiscox terminates DirectAsia sale to Ignite Thailand

August 8 2024

The London-listed specialty insurance company revealed that it is now “exploring other options.”

arch-insurance-australia-brings-accident-and-health-claims-in-house

Arch Insurance Australia brings accident & health claims in-house

August 8 2024

The move aims to provide brokers with “a comprehensive and streamlined end-to-end service.”

hong-kong-insurers-prepare-for-traditional-chinese-medicine-inclusion-in-health-insurance-scheme

Hong Kong considers expanding health insurance scheme to cover inpatient Traditional Chinese Medicine services

August 8 2024

Authorities are looking to expand the voluntary health insurance scheme, but a lack of TCM data means insurers may need to look to the mainland for guidance.

Shriram General Insurance set to re-enter crop insurance segment - report

August 7 2024

SGIC looking to re-enter the crop market following seven-year absence.

Generali Hong Kong supports over 500 families through 'nature experience program'

August 7 2024

Generali Group's 'The Human Safety Net' partners with NGO OneSky to help families in the Hong Kong district of Sham Shui Po.

india-bloc-parties-stage-protest-vs-gst-on-life-health-insurance-premiums

India bloc parties stage protest against GST on life, health insurance premiums

August 7 2024

MPs rally against 18% GST on insurance services, with one labelling the tax "insensitive thinking."

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