Life and Health

AIA Singapore introduces plan for ageing population's well-being

August 3 2023

The insurer launched the AIA Centurion PA plan, a personal accident plan catering to those aged between 80 to 100.

Insurtech Qoala trims 80 jobs four months after US$7.5m Series B round: report

August 3 2023

The Indonesian insurtech said that the lays offs were made following a post-funding assessment, citing the need to improve internal synergies for better future sustainability.

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SiriusPoint launches new health insurance product in China

August 2 2023

SiriusPoint Life Reinsurance has partnered with China Pacific Health Insurance, Further Group, and WaterDrop to launch the affordable medical insurance product.

Insurtech Vesttoo cuts staff by 75%, shuts down Asian operations following fake letters of credit crisis: report

August 2 2023

In the wake of the US$4bn credit letter scandal, the insurtech said it was taking measures to reduce costs and focus on core services.

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S&P reports stable credit trends, but highlights potential risks for APAC insurance sector

August 2 2023

In its midyear outlook, S&P said 90% of evaluated insurers have a stable outlook, but need to be vigilant to navigate dynamic market conditions.

Singapore's Great Eastern in advanced talks for multi-million dollar acquisition of AmMetLife, Malaysia: report

August 2 2023

According to insiders, the deal could be advanced and valued between US$250m-$300m.

Amit Agarwal appointed CEO of Howden India; former CEO nominated as Chairman

August 1 2023

Agarwal has been with Howden since 2017 and is promoted from his position of Managing Director, with current CEO Praveen Vashista stepping into the role of Chairman.

iis-welcomes-new-asia-based-executives-to-the-executive-council

IIS welcomes new Asia-based executives to Executive Council

August 1 2023

12 insurance executives, including four from Asia, have been added to the International Insurance Society (IIS) Executive Council effective August 1st.

Australian regulator demands financial institutions, including insurers, disclose compensation structures

August 1 2023

APRA made the rule change based on findings from Australia's Financial Services Royal Commission.

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Taiwan's life insurance market to rebound from 2024, fueled by favorable trends and endowment plans

July 28 2023

Global Data projects Taiwan's life market to recover and expand from 2024, though a 2% contraction is still estimated for 2023.

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Australia: finance industry complaints hit record high, driven by insurance claim delays

July 28 2023

AFCA recorded 97,000 complaints in 2022-23, with a 76% increase in insurance claim issues and a 50% surge in P&C insurance complaints.

bolttech appoints Stuart Watson as Director for Insurance Exchange in Asia

July 28 2023

With over 18 years of experience, Watson takes on the role to help drive growth and innovation at bolttech.

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