Insurance Council of Australia survey reveals 85% of industry members are aiming for net zero by 2050, but are confronted with diverse challenges.
Prudential's investment business is reported to be the market at a 100 billion won price tag amid a challenging economic environment.
Singapore Deputy PM and MAS chief Lawrence Wong says pilot will help insurers become more familiar with infrastructure investments and encourage them to allocate more of their portfolios to promising decarbonisation projects.
A report by consultants Capgemini show the population aged over 50 is projected to double from 1990 to 2050 — with life insurers facing the prospect of substantial AUM outflows to beneficiaries.
MAS unveils comprehensive guidelines for financial institutions — including insurers — encouraging long-term perspectives and engagement with stakeholders in the transition to a net-zero economy.
Lam first joined Manulife in 2017 before leaving in 2022; he now returns to take on the expanded responsibility of Chief Investment Officer and Head of Transactions, APAC Real Estate.
German insurance giant Allianz is set to sell its 49% stake in CPIC Fund Management to Guotai Junan Securities, marking the end of a partnership which started in 2003.