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Emerging risks | Growth Opportunities | APAC Insurance

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Monday, August 31, 2026

Life and Health

sp-global-affirms-a-rating-for-hsbc-life-singapore
S&P Global affirms 'A+' Rating for HSBC Life Singapore
February 28 2024
Amidst new capital model criteria, HSBC Life Singapore retains its 'A+' rating, with S&P citing robust growth and capital strength
mirella-robinson-takes-on-newly-created-cto-role-at-mlc-life-insurance
Mirella Robinson takes on newly created CTO role at MLC Life Insurance
February 28 2024
Robinson's appointment aligns with MLC Life's broader efforts to enhance its technological capabilities and systems.
bandhan-financial-holdings-finalises-acquisition-of-aegon-life
Bandhan Financial Holdings finalises acquisition of Aegon Life
February 27 2024
The acquisition, first announced in July 2023, has been finalised, marking BFHL strategic entry into insurance.
prashant-grover-appointed-allianz-insurance-lanka-ceo-and-country-manager
Prashant Grover appointed as Allianz Insurance Lanka CEO
February 27 2024
Grover started with Allianz in 2007 and is promoted from his role as Regional Lead of Business Transformation.
allianz-asia-pacific-reports-33-growth-in-operating-profit
Allianz Asia Pacific reports 33% operating profit growth in 2023
February 26 2024
Allianz APAC's Life & Health business saw operating profits grow 35%, while P&C business grew 26%.
fitch-maintains-a-rating-for-new-china-life
Fitch maintains 'A' rating for New China Life
February 26 2024
NCI's ratings maintained after seeing a 17.1% year-on-year increase NBV in 1H 2023.
irdai-maintains-obligatory-cession-rate-at-4-for-2024-25
IRDAI maintains obligatory cession rate at 4% for 2024-25
February 25 2024
Insurers to continue ceding 4% of GI business to GIC Re, excluding terrorism and nuclear pool premiums.
zurich-asia-pacifics-operating-profit-surge-18-to-record-us565-million
Zurich Asia Pacific’s operating profits surge 18% to record US$565 million
February 23 2024
APAC P&C gross written premiums up 11%, while life insurance business surge 88%.
manulife-completes-landmark-us9-64bn-ltc-reinsurance-deal-with-global-atlantic
Manulife completes landmark LTC reinsurance deal with Global Atlantic
February 23 2024
Landmark deal was first announced in December and includes two Japanese whole life product blocks.
irdai-proposes-new-collateral-requirements-for-cross-border-reinsurance-deals
Indian cedents likely to face new collateral requirements for cross-border reinsurance transactions
February 22 2024
IRDAI issues draft guidelines mandating new collateral requirements from FY 2025-26.
hong-kong-pah-industry-to-hit-hk28-5bn-by-2028-globaldata
Hong Kong PA&H insurance to hit HK$28.5bn by 2028: GlobalData
February 21 2024
GlobalData projects 7.4% CAGR over the next five years amid rising health costs and increasing demand.
chinas-non-listed-pc-and-life-insurers-see-contrasting-results-in-2023
China's non-listed insurers see large losses amid mixed results in 2023
February 21 2024
Life segment's US$1.97bn losses contrast with P&C's US$659m profits, though only 35% of P&C insurers achieve COR below 100%.
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