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Life and Health
Report: Korean P&C insurers' performance set to balloon under IFRS 17
May 15 2023
Korean insurers are poised to report improved earnings with P&C insurers enjoying a particularly significant increase.
CFO leaving FWD for North American opportunity
May 15 2023
Jon Nielsen has been with FWD since October 2019.
Singapore's Life industry sees 13.6% decrease in new business premiums
May 15 2023
Single premium products have fallen significantly out of favor, though annual premiums are on the rise.
Ping An paid out 600,000 claims per day in 2022
May 15 2023
The total amounts to 200 million cases over the course of the year, not to mention 280 billion yuan (US$40.28bn) in payouts.
QBE sees Q1 GWP growth of 11%, but revises full-year CR target as Nat Cats hit hard
May 12 2023
The group performed well by some measures, but in April alone used US$480m of their 1H US$553m Nat Cat allowance.
Fortitude Re establishes Tokyo representative office, appoints Hajime Kawafuji as Chief Representative
May 12 2023
Kawafuji will work with the Head of Asia to strengthen the reinsurers presence in Japan.
Australian Government to establish new Net Zero Authority
May 12 2023
While the insurance implications are far from known, the timing coincides with recent global upheaval of the Global Net-Zero Insurance Alliance.
ASIC launches legal action against HCF Life over alleged unfair and misleading terms
May 12 2023
The expansion of unfair contract term protections was part of a recommendation by Australia's 2017 Financial Services Royal Commission.
AmMetLife Appoints Rangam Bir as New CEO
May 11 2023
AmMetLife Insurance Berhad (AmMetLife) has named Rangam Bir as its new Chief Executive Officer (CEO). He takes over from Lee Jiau Jiunn, who retired from the company at the end of April. Bir brings...
Report: Dai-ichi Life and Nippon Life confirm shift away from US Treasurys in favour of Japanese bonds
May 11 2023
The approach is reflective of the broader investment appetite among Japanese insurers.
Generali sets sights on being the number one insurer in Malaysia
May 11 2023
Senior leaders Roberto Leonardi and Fabrice Benard spoke at Generali's official launch in Malaysia this week.
Manulife HK delivers 26% APE increase as group books first quarter under IFRS 17 and IFRS 9
May 11 2023
There was an increase in overall net income, however Manulife also saw a slight decrease in APE sales globally.
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