Life and Health

Insurance Authority and Hong Kong Police Force sign MOU

March 28 2024

Memorandum of Understanding covers areas including case referrals, joint investigations, mutual investigative assistance, and the exchange of information

irdai-maintains-d-sii-status-for-lic-gic-and-new-india-assurance-for-fy-2023-24

IRDAI maintains D-SIIs status for LIC, GIC, and New India Assurance for FY 2023-24

March 28 2024

The IRDAI confirms continued designation of three key insurers as Domestic Systemically Important Insurers.

Seven insurers among 15 institutions in Korea's first joint climate stress test

March 27 2024

The Bank of Korea and Financial Supervisory Service will conduct stress test, with findings used to steer country's low-carbon transition.

Fitch maintains ratings for Etiqa entities amid net profit turnaround

March 27 2024

Group's financial performance rebounds to a profit in 1H 2023 thanks to a substantial increase in net invesment income.

korean-insurers-profits-soar-45-5-in-first-year-under-ifrs-17

Deferred acquisition costs under IFRS 17 see Korean insurers' profits soar 45.5%

March 27 2024

Industry sees 6% fall in overall premium income, but life insurers' net profits rise 37.6% and non-life's soar 50.9%, in first year under IFRS 17.

hong-kong-life-insurance-sector-begins-recovery

Agent channel continues to gain momentum despite Hong Kong life insurance dip in 2023

March 27 2024

New business premiums shrank 1.8%, but agent sales continue to gain traction amid year-long downturn in bancassurance and broker channels.

Fitch Upgrades Singapore Life's ratings post Sumitomo Life Acquisition

March 26 2024

IFS rating upgraded to A+ following Sumitomo Life acquisition and change in financial reinsurance arrangement.

Fitch: Pressure on Chinese insurers' investment returns amid market volatility

March 26 2024

Despite market challenges, potential move towards riskier assets remains limited, thanks to stringent C-ROSS capital framework.

kidi-to-support-development-of-risk-assessment-database-in-vietnam

KIDI to support development of risk assessment insurance database in Vietnam

March 25 2024

Korea Insurance Development Institute enhances partnership with VIDI, to help strengthen Vietnam's insurance capabilities.

Insurance Council of New Zealand enhances complaints transparency

March 25 2024

ICNZ collaborates with dispute resolution services to break down complaints data by member.

Indian regulator announces major regulatory overhaul

March 25 2024

IRDAI consolidates 34 regulations into six and adds two — including for country's upcoming digital marketplace, Bima Sugam.

indias-health-insurance-landscape-grows-with-new-player-galaxy-health

IRDAI grants registration to new insurer Galaxy Health

March 25 2024

India grants seventh insurance licence in 12 months, marking a shift after years without new approvals.

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