News

APRA calls for innovation and collaboration in the life insurance industry

May 1 2024

Speaking at the 2024 All Actuaries Summit on the Gold Coast, Suzanne Smith called for innovative products that serve Australia's changing demographics.

Guangdong flood insurance claims near US$100m

May 1 2024

Floods result in 34,700 claims worth 699m yuan (US$96.5m) so far, with 206m yuan disbursed in response to calls for swift claims handling.

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AIA launches International Wealth arm, opens invitation-only Wealth Centre in Singapore

April 30 2024

AIA targets affluent and high-net-worth market through launch of AIA International Wealth and AIA Wealth Centre.

dual-launches-title-insurance-products-targetting-apac-real-estate-and-mampa-transactions

DUAL brings new title insurance products to APAC, catering to real estate and M&A transactions

April 30 2024

AXA XL to provide capacity for new lines, which are led by Chris Hammond, DUAL Asset's APAC Head.

FTLife announces Q3 name change to Chow Tai Fook Life Insurance

April 30 2024

Rebrand aims to strengthen collaboration with Chow Tai Fook Enterprises in order to "create value beyond insurance".

Indonesian broker Axle Asia rebrands as bolttech

April 29 2024

Name change follows bolttech's acquisition of the Indonesia broker in late 2022.

AIA announces record new business in Q1 2024

April 29 2024

AIA Group reports 31% YoY rise in value of new business, reaching US$1.327bn — a record quarter for the group.

irdai-sets-all-in-one-insurance-product-premium-at-1520-rupees-us18-including-parametric-property-claims

IRDAI sets premium for 'All-in-one' insurance product at 1,520 rupees (US$18)

April 27 2024

India's 'Bima Vistaar' product includes insurance coverage for life, health, personal accident, and property, and a parametric claims process for property.

Hong Kong and Shanghai pledge to strengthen insurance co-operation

April 27 2024

Representatives from both cities look to strengthen financial market ties, with Belt and Road risk management, captive insurance, and ILS identified as key areas within insurance.