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Life and Health
Overseas acquisitions key to Nippon Life's ambitious plan to double profit by 2035
March 22 2024
Nippon plans to double core operating profit to JPY1.4 trillion (US$9.25bn), with plans for significant expansion of overseas business.
Ping An reports 23% profit decline in 2023
March 22 2024
Life & health business sees 3.2% reduction in operating profits, despite surge in NBV, while P&C operating profits decline 11.4%.
Allianz Life launches new health and ESG funds through HSBC Malaysia tie-up
March 21 2024
Two new investment-linked funds are managed by BlackRock and target healthcare and ESG-focused assets.
Hong Kong Insurance agent banned for 15 months for falsifying documents
March 21 2024
Document and signature falsification results in a rescinded policy, leaving client without coverage after the life insured's death.
Malaysia's insurance and takaful sector see H2 2023 profit dip amid rising claims
March 21 2024
BNM report shows surge in medical claims hit profits in 2H, but growth in new business premiums, GI, and investment income.
JAVLN survey identifies insurance affordability as top challenge for Australian brokers in 2024
March 21 2024
70% of brokers also report spending over three hours a day on admin.
Hong Kong rebound fuels Prudential's 45% rise in new business profit
March 20 2024
Prudential 2023 financials reveal strong rebound, driven by Hong Kong's market and strategic Asia and Africa expansion.
Chubb and Atome sign Southeast Asian embedded partnership
March 20 2024
Chubb partners with Atome to launch insurance products for buy now, pay later services.
Adeline Loh moves to Pacific Insurance as Chief Distribution Officer
March 20 2024
Loh joins TPIB as Chief Distribution Officer (Non-Broking) following five years at Chubb Malaysia.
Korean Life insurers target hybrid, pension, and overseas markets for growth - report
March 20 2024
KLIA Chairman says industry needs to find new growth opportunities amid declining population and market saturation,
Prudential appoints Anette Bronder to newly created role of Chief Technology & Operations Officer
March 19 2024
Bronder joins from KPMG Switzerland where she is a Partner and her extensive experience includes time as Group Chief operating Officer at Swiss Re.
Fitch affirms Kyobo Life's ratings as strategic shift helps boost new business value by 9%
March 19 2024
Kyobo Life secures 'A+' IFS rating amid strategic shift towards value-added protection-type products,
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