Life and Health

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.

ping-an-eyes-hka-and-gba-expansion-amid-growing-market-opportunities-report

Ping An eyes HK and GBA expansion amid growing market opportunities - report

March 24 2024

Amid 2023 dip in net profit, co-CEO Michael Guo Xiaotao tells the SCMP that GBA, including Hong Kong, is a focus for future growth.

RGA and Japan Post Insurance ink ¥700bn life annuity reinsurance deal

March 23 2024

RGA's Gaston Nossiter hails US$4.62bn coinsurance transaction as first-of-its-kind for the Japanese market and a significant milestone for APAC.

japan-post-says-boj-rate-hike-will-have-minimal-impact-on-investment-and-heading-strategies-report

Japan Post Insurance says end of negative interest rates will have minimal impact on performance - report

March 22 2024

Japan Post Bank and Japan Post Insurance said their portfolios and hedging policies will not change drastically following shift in BOJ interest rate policy.

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