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Life and Health
Q2 sees Chubb hit record combined ratio as Asia tops P&C growth
July 26 2023
Combined ratio for the quarter was 83.3% with APAC posting the largest increase in P&C premiums, up 17.4%.
India: Aegon to sell its stake in Aegon Life to Bandhan Financial
July 25 2023
Aegon will sell its majority stake as it moves to divest from non-core businesses, while Bandhan makes its first foray into life insurance.
Evan Greenberg encourages deeper regulatory cohesion to boost growth of GBA insurance sector: report
July 24 2023
Chubb's CEO is optimistic about the potential of the Greater Bay Area, but revealed his take on what can be done to accelerate its development.
Prudential unveils impact of IFRS 17 on financial performance
July 20 2023
Group CFO Ben Bulmer summarised the impact has been in line with the group's preliminary guidance.
Former Prudential agent banned by Singapore regulator
July 20 2023
The MAS banned Huang Mengting for five years after she was convicting in court for submitting 11 false invoices to assist her clients in accident injury claims.
Australian regulators kick off discussions on new Financial Accountability Regime (FAR)
July 20 2023
The new regime replaces the 2018 Banking Executive Accountability Regime (BEAR) and will expands its reach to include insurance companies and supers.
Hiring of Brett Pickett signals MLC Life's ambitions in Group Insurance
July 20 2023
Pickett has 20 years experience in insurance and economics and will commence his role from July 24th.
Urgent actuary shortage prompts reintroduction of qualification process in China: report
July 20 2023
The Chinese government is restoring the qualification process for actuaries after a nine-year hiatus.
Mixed results for Asia as top 20 global insurers see modest premium growth but falling revenue overall
July 20 2023
Seven of the top 20 insurers came from Asia, with Global Data warning the insurance industry will continue to face numerous challenges in 2023.
Ping An release 2022 results under IFRS 17, stating new accounting standard will not affect their strategy
July 19 2023
Revenue down, net profit up considerably, but effects on total assets and liabilities were estimated at 1%.
Update: Deputy GM of China Taiping Insurance resigns following reports of investigation for corruption
July 19 2023
China Taiping officially announced on the HKEX that Xiao Xing has resigned from his role, citing personal reasons.
As insurers look for solid economic footing, inflation makes the outlook uncertain
July 19 2023
High inflation and weak growth makes risk management difficult, even for the most sophisticated players.
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