Tokio Marine seeks sale of Southeast Asian units for US$1bn: report
The Japanese insurer is understood to be targeting large South Korean insurers interested in expansion, though reports in Malaysia suggest other Japanese insurers might be inte
NFRA grants approval to seven insurers for Shanghai reinsurance operation centers
The seven will set up operations in the Lingang special area, marking a pivotal step in China’s ambition to create a major global reinsurance hub.
China floods: insurance claims reach 260,000
Damages from typhoon Doksuri and significant flooding are estimated to be around US$1.3bn, according to China’s regulator.
China’s ageing population presents opportunities and challenges for insurers: Moody’s
China’s rapidly ageing population could create opportunities life insurers, despite associated risks and increased competition, says a new Moody’s report.
Clement Cheung reappointed as CEO of Hong Kong’s Insurance Authority
Cheung will hold the position at the IA for another three years.
FWD Group unveils ’10 grants in 10 Markets’ initiative for financial inclusion across Asia
FWD Group marks its tenth anniversary by launching a philanthropic initiative that aims to support financial inclusion projects in the countries it operates in Asia.
Asia’s Q2 commercial prices flat amid continued global rise
Globally, insurance prices have increased for 23 consecutive quarters, notes the Marsh Global Insurance Market Index.
Singapore’s life insurance sector sees 16.7% drop in weighted new business premiums in 1H 2023
Amid economic uncertainty, Singapore’s life insurance sector sees a downturn in new business premiums but a surge in annual premium policies and claim settlements in 1H 2023.
Thai Reinsurance sees profit growth of 137% in 1H 2023
Thai Re recorded strong growth post-COVID-19, driven by hard market conditions.
AM Best reaffirms ‘Excellent’ ratings for Taiwan’s Central Re amidst continued expansion of overseas business
Despite challenges from the pandemic, Central Reinsurance Corporation has had its financial strength and long-term issuer credit ratings reaffirmed.
