Total revenue down 1.7% YoY, while HSBC tops new business charts for Q3 and first nine months of the year.
Sun Life has named Patrick Wei its new Chief Distribution Officer for Asia, effective December 1, 2023. He will oversee the company’s distribution strategy, manage distribution channels, and spearhead the integration of digital technologies, aiming to bolster growth throughout the region. Having accrued more than three decades of experience in the sector Prior to his new role at Sun Life, he served in prominent distribution positions at Gigacover and Aviva. David Broom, Sun Life’s Chief Client & Distribution Officer for Asia, expressed enthusiasm for Wei’s appointment, “I’m delighted to welcome Patrick to the team. He has a proven track record
PGA Sompo's five-year average COR of 52.2% contributes to rating upgrade, which were later withdrawn by the Filipino insurer's decision to discontinue participation in the ratings assessments.
Accident & health and property losses weigh heavily on Hong Kong's GI market in the first nine months of 2023, culminating in a HK$1.4 billion underwriting shortfall year-on-year.
Zurich Singapore, Z Zurich Foundation, and APSN united a two-year initiative to enhance vocational training for Singaporean adults with mild intellectual disabilities, fostering inclusive employment opportunities and societal contributions.
Growth in health, agriculture, and resurgence in motor underpin AM Best's 'stable' outlook for China's non-life sector, but market faces drop in underwriting profit and slowing economy.
Nippon Life is set to acquire 99.6% shares of the holding company of leading nursing care business Nichiigakkan for US$1.41 billion, as it seeks to diversify due to Japan's ageing demographic.
Addressing global insurance leaders at the Geneva Association Summit 50, Antonio Huertas stressed the importance of embracing AI responsibly, improving cyber resilience, and an insurance-led approach to facing climate challenges.
Insurance Council of Australia survey reveals 85% of industry members are aiming for net zero by 2050, but are confronted with diverse challenges.