Life and Health

IRDAI's Ajay Seth defends distribution reforms as industry pushes back on EoM, commission proposals

IRDAI's Ajay Seth defends distribution reforms amid concerns over commission caps

September 29 2026

He said the reforms are aimed at making insurance more affordable without compromising the industry's ability to pay claims.

AMMB, MetLife review strategic options for insurance JV, potential sale on cards – report

Malaysia's AMMB, MetLife explore strategic options for insurance JV — report

September 29 2026

The review comes over a year after the partners abandoned a planned sale to Great Eastern.

Sumitomo Life to roll out AI-driven sales support system for multi-insurer agencies

September 29 2026

The solution aims to improve sales management systems across multiple stages of insurance sales at multi-insurer agencies.

South Korea insurance fraud detections rise 9.1% in H1 as authorities target hospital-led schemes

South Korea insurance fraud value rises 9.1% in H1 as authorities target hospital-led schemes

September 29 2026

The regulator announced plans to fast-track the removal of insurance agents convicted of fraud as detected fraud losses climbed in H1 2026.

Manulife and DBS give HK$1m to mental health platform for healthcare workers

September 28 2026

The donation marks 10 years of the pair's Hong Kong bancassurance partnership, during which APE sales through DBS have risen more than 400%.

VPBank secures licence for life insurer VPLife, targets Q1 2027 launch

Vietnam's VPBank secures licence for life insurer, targets Q1 2027 launch

September 28 2026

The lender said VPLife will operate alongside an ongoing partnership with AIA Vietnam, with all existing customer commitments remaining unchanged.

Leo Ng Appointed as Next CEO of AIA Life Insurance - Aju Press AMP

AIA Korea announces China CFO Leo Ng as CEO designate

September 28 2026

The seasoned AIA executive brings more than three decades of life insurance experience and has led finance operations at AIA China since 2016.

SBI Life receives US$118k GST tax demand over input tax credit claims

SBI Life gets US$118k GST order over input tax credit claims

September 28 2026

The insurer said it will appeal against the order, which relates to alleged excess ITC claims filed between April and August 2025.

LIAM seeks reinsurance tax parity, 8% group insurance tax waiver in 2027 budget

September 28 2026

The association wants to help strengthen onshore reinsurance capacity and extend employee cover, which reaches fewer than half of Malaysian workers.

Fitch upgrades Prudential’s ratings on ‘very strong’ earnings, solid capital base

Fitch upgrades Prudential to 'AA-' on strong earnings and new business growth

September 25 2026

The group's steady new business profit growth and a well-diversified presence across Asia's life markets underpinned the upgrade.

Income Insurance names Khoo Kah Siang as new CEO

September 25 2026

Khoo joins from Manulife Asia, where he oversaw emerging markets businesses across Southeast Asia.

Taiwan fines Shin Kong Life NT$2.4m over FX reserve reporting errors

Taiwan Life fined over control failures; Shin Kong Life over FX lapses

September 25 2026

The enforcement actions underscore heightened scrutiny of operational controls and financial reporting at life insurers amid ongoing sccounting reforms.

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