News

axa-announces-new-heatwave-parametric-insurance-for-hong-kong

AXA launches heatwave parametric solution in Hong Kong

August 5 2024

The insurance product compensates outdoor workers with small payouts or anti-heatwave kits when summer temperatures surpass 36°C for three days straight.

carrot-acquires-exclusive-right-to-use-behaviour-based-insurance-in-south-korea

Carrot secures six-month exclusive rights for behaviour-based motor insurance in South Korea

August 5 2024

Carrot has gathered extensive driving data to support BBI model for motor insurance.

India's Square Insurance raises US$3m in pre-Series A round funding

August 5 2024

Indian insurtech will use funds to develop tech and expand presence, as it bids to advance cattle and rural insurance solutions.

South Korea's non-life insurers restructure workforce amid digital transformation: report

August 5 2024

Voluntary retirement programs could signal shift toward more digital channels in South Korea's non-life insurance sector.

axa-to-sell-axa-investment-managers-to-bnp-paribas-for-euro-5-4bn

AXA to sell asset management unit to BNP Paribas

August 5 2024

€5.4bn (US$5.87bn) sale of AXA Investment Managers aligns with strategy of focusing on core insurance activities, says AXA.

tesla-registers-insurance-brokerage-firm-in-china

Tesla registers insurance brokerage in China

August 5 2024

Move signals Tesla's renewed efforts to sell insurance products directly to consumers in China.

QBE scales generative AI solutions globally

August 3 2024

QBE expands AI-driven underwriting tools worldwide, focusing on efficiency and responsible implementation.

aia-hit-with-us2-9m-fine-for-anti-money-laundering-system-lapses

AIA hit with US$2.9m fine for anti-money laundering process lapses

August 2 2024

HK$23m fine is largest issued by Hong Kong Insurance Authority, but no inappropriate sales to clients identified.

FWD Group expands financial literacy programme in Vietnam

August 2 2024

The expanded programme will now include training for parents and teachers and is set to benefit 25,000 students across eight Asian markets by 2024.

korean-life-and-non-life-insurers-struggle-to-finalise-mampa-deals

High valuations stall insurance industry M&A in Korea

August 2 2024

The country’s life and non-life M&A market continues to stagnate despite broader economic deal-making activity.

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