Editor's choice – (Re)in Asia

Editor’s choice

philippine-hmo-industry-sees-return-to-profitability-in-2024

Philippine HMO industry sees return to profitability in 1H 2024

August 20 2024

Insurance Commission reports higher revenues for health maintenance organisations in 1H 2024 despite a surge in benefit payouts.

AIA Singapore to simplify policy wording to help policyholders' better understand coverage

August 19 2024

The move follows a study conducted by AIA which shows many insureds are unclear about their policy details.

Suncorp reports 13.9% rise in GWP for FY2024, forecasts further rate hikes

August 19 2024

Insurer sees net profit of AU$1.2bn, but future financial dynamics set to evolve post-divestment of banking and NZ life insurance operations.

extreme-weather-impact-on-australian-economy-has-tripled-over-the-last-30-years-ica

Australia's insured losses from catastrophe weather events triple to 0.7% of GDP over 30 years: ICA

August 19 2024

Despite a sharp increase in premiums, insurers' profits remain stagnant due to escalating natural catastrophe losses.

australias-general-insurance-industry-ica-produce-expert-report-best-practice-standard

Insurance Council of Australia releases Expert Report Best Practice Standard

August 16 2024

The new guidelines were developed after customers and consumer advocates voiced concerns about expert reports being unclear, putting “non-experts at a disadvantage.”

kb-indonesia-assigned-b-good-fsr-bbb-good-long-term-icr-by-am-best

AM Best assigns KB Indonesia's ratings, expects improved stability with rise in premiums, motor business

August 16 2024

KB Indonesia has been assigned ‘B++’ (Good) FSR, and ‘bbb+’ (Good) Long-Term ICR by AM Best.

Chinese digital insurance broker Leading Group to go public via SPAC merger

August 16 2024

The merger with Healthcare AI Acquisition Corp on the Nasdaq will value Leading Group at approximately US$430m.

LIC India to take legal action vs ACESO’s insurance policy trading

August 15 2024

LIC India believes ACESO’s offering “poses a significant risk” to policyholders, exposing them to losses.

Surging medical inflation ramps up Malaysian insurers’ health claims

August 15 2024

The impact of rising medical procedure costs in Malaysia was worsened by a decline in the value of the ringgit last year.

China’s NFRA sets new solvency rules for online P&C insurers

August 15 2024

New guidelines will make it easier for some insurers to expand their presence, but industry faces restrictions on online specialty and motor policies.

singapore-life-insurance-industry-sees-30-4-growth-in-new-business-premiums-for-1h-2024

Singapore's life insurance industry sees 30.4% growth in new business premiums for 1H 2024

August 14 2024

Singapore’s life insurance sector recorded its best half-year new business performance since the pandemic, however claims also surged.

Meiji Yasuda to acquire American Heritage Life Insurance for US$2bn - report

August 14 2024

The acquisition, which is set to be finalised by June 2025, is part of a broader strategy by Japanese life insurers to expand abroad.

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