AIA’s value of new business grows 37% in 1H 2023 as COVID-19 subsides
The Hong Kong headquartered insurer also saw a 50% increase in net profit, with results attributed to strong sales recovery in key markets and its bancassurance strategy.
Top 20 APAC insurers achieve 8.2% premium growth in 2022
The latest GlobalData report shows that 15 of the top 20 insurers reported growth in 2022 — led by Dai-ichi Life, T&D Holdings, and Hanwha Life Insurance.
Income Insurance and Swiss Re react to Singapore’s rising cancer costs with new insurance product
‘Complete Cancer Care’ has been introduced amid rising cancer treatment costs in Singapore, which is set to exceed SG$2bn (US$1.48b) by 2030.
Seoul Guarantee Insurance expected to IPO in 2023 following preliminary approval by Korea Exchange
SGI, which is owned by Korea Deposit Insurance Corporation, is set to be the first Korean government-owned company to undergo an IPO since 2010.
Korean Re breaks into world’s top ten life reinsurers
AM Best’s latest global reinsurance rankings saw China Re slip two places when measured by life and non-life GWP, while the Asia region’s combined ratio continues to hover above 100%.
Shanghai’s International Reinsurance Trading Centre set to open in October
110 (re)insurers are understood to have held discussions about operating as part of the Centre.
Alasdair Walker moves to Sompo as Head of Distribution, APAC
Walker joins from Allianz Commercial where he was the Regional Head of Distribution, APAC.
Australian insurers urged to prepare for CPS 230 standards amid increased cyber threats
In a speech delivered August 23rd, APRA Board Member Therese McCarthy Hockey underlined the importance of the upcoming operational risk standards.
Taiwan insurers look to bolster capital levels as US rate rises bite
Taiwanese insurers are making strategic changes as they face pressure from rising interest rates and falling premiums.
Indian insurtech Square Insurance secures $1M funding
The digital broker plans to use the capital injection on technology and expansion.
