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Ratings
Life and Health
Fitch affirms Cathay Life's ratings, forecasts stable growth despite spread gains risk
June 20 2024
Fitch affirms 'A' IFS ratings of Taiwan's largest life insurer, citing strong market position and robust capitalisation.
Lockton Singapore appoints Lena Tsia as Chief Operating Officer
June 20 2024
Tsia to drive best practice across Lockton Singapore's business.
Regulator blames Medibank cyberattack on lack of multi-factor authentication
June 20 2024
In a court filing, the OAIC alleges that the health insurer's lack of MFA enabled hacker to exfiltrate 520 gigabytes of data.
Japanese insurers balancing ESG pressures: Fitch
June 20 2024
ESG efforts catching up with overseas peers, but scrutiny remains because of country's renewable energy dilemma.
ZA Tech rebrands as Peak3 following completion of US$35m Series A round
June 20 2024
Funding will support Singapore-headquartered insurtech's expansion, as well as investments in data and AI.
NFRA chief urges China's insurance industry to innovate and expand
June 19 2024
Speaking at the 15th Lujiazui Forum, Li Yunze emphasised the key role insurance will play in China's modernisation efforts.
Major Japanese life insurers see rise in premiums and core business profits in FY 2024
June 19 2024
FSA data shows increased premium and net income for FY24, driven by higher single premium insurance sales and rising domestic interest rates.
Annie Undikai appointed Chairman of Labuan International Insurance Association
June 18 2024
Undikai succeeds the retiring Roy Sharmais as Chairman of LIIA for the 2024-2026 term.
Fitch upgrades Fubon Life's IFS Rating to 'A'
June 17 2024
Fitch cites improved capital adequacy and significant market presence as key factors for the upgrade.
Asian Re elects Sumalee Satitchaichareon as Chairperson
June 17 2024
Satitchaichareon named Chairperson as Asian Re elects new board.
Chinese insurers facing profitability risks from property investments: Moody's
June 17 2024
Moody's warns of material risks, particularly in alternative investments where risk exposure is unclear even to insurers.
LIC says no formal plans in place for health insurer acquisition
June 14 2024
In a regulatory filing, insurance giant added it will continue to explore strategic growth opportunities.
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