CPIC Life (HK) introduces ‘Ever-growing Whole Life Insurance Plan’
CPIC Life (HK) has launched the ‘Ever-growing Whole Life Insurance Plan’, offering both protection and savings, and guarantees a minimum percentage death benefit of the policy’s notional amount.
Generali Asia’s P&C operating performance more than doubled in 1H 2023 despite combined ratio increase
Group operating results up 28%, with Asia delivering profit of US$51.5m despite combined ratio increase to 98.5%.
Zurich APAC’s 1H results show premium increases of 43% in life and savings and 15% for P&C premiums
A surge in premiums and new retail customers marks a strong first half for Zurich APAC, with the Japanese life business performing particularly well.
Ami Barlev steps in as Interim CEO at Vesttoo in an attempt to avert crisis and lead recovery
Interim CEO signals that the company is determination to navigate through fraudulent collateral scandal.
The likely return of El Niño to change the APAC climate – and insurance – landscape
There is a 70% chance El Niño develops in 2023; its cooler average sea temperatures are expected to fuel severe weather, including droughts and wildfires.
Foreign-linked insurers to lead India’s IFRS 17 transition
The Insurance Regulatory and Development Authority of India has chosen 15 foreign-linked firms to lead the way in India’s adoption of IFRS 17, as part of efforts to attract foreign investment.
India: Star Health and Allied Insurance sign off on bancassurance partnership with Standard Chartered
The partnership aims to extend reach and cater to health and insurance needs of wealthy customers by leveraging the bank’s extensive network.
China’s Taishan P&C maintains ‘BBB+’ rating while expanding liability, cargo, and A&H offerings
Investments led to wider operating deficit, but Fitch maintained rating due to reduction in underwriting deficit, strong capital, and continued support from its parent company.
S&P affirms China Life Overseas’ a resilient “A” rating with stable outlook
Despite challenges, China Life Insurance (Overseas) had its “A” rating affirmed amid anticipated continued capital support from its parent company.
AM Best retains ‘under review’ status for Taiwan’s Fubon Insurance amid reinsurance credit risk
Fubon’s financial strength rating is still excellent, though its ‘under review’ status remains despite a May capital injection.
