GI: Personal

indonesias-insurance-sector-set-for-consolidation-due-to-upcoming-minimum-capital-requirements

New capital requirements to drive consolidation in Indonesia's insurance market

February 6 2024

OJK will raise minimum requirements in 2026 and again in 2028, creating a leaner but more robust industry, Fitch said.

Munich Re launches global parametric risk unit

February 6 2024

German reinsurer launches dedicated unit to meet growth in the 'highly dynamic' parametric market.

Fitch maintains 'A' Rating for China Taiping Group

February 6 2024

Taiping Life sees 9.4% growth, but TPRe faces underwriting loss in 2023 following severe nat cat events.

Global: Howden names David Shalders as Group COO

February 6 2024

Shalders, who has over 30 years of financial services experience, will move to Howden from the London Stock Exchange Group.

ICA CEO apologises for 2022 flood response shortcomings, promises improvement

February 5 2024

At Parliamentary inquiry, Hall said some claims 'were not handled to the standard our industry strives to achieve,' but added that industry leaders were committed to improvements.

Reinsurer credit risk concerns persist for Fubon Insurance, says AM Best

February 5 2024

AM Best lifted 'under review with negative implications' but assigned negative outlook for Taiwanese insure, while Fubon Insurance Vietnam assigned a stable outlook.

am-best-malaysian-reinsurance-berhads-credit-ratings

AM Best affirms Malaysian Re's 'Excellent' ratings with stable outlook

February 5 2024

Despite nat cat exposure, Malaysian Re set to benefit from portfolio remediation, geographical diversification, and stable investment approach.

FWD Group trims workforce by 50 in push toward profitability - report

February 2 2024

Anonymous sources told Reuters that workforce has been trimmed by 50, primarily affecting its Hong Kong and Singapore operations.

vc-technology-and-adaption-key-to-continued-insurance-expansion-in-gba-experts-say

VC, technology, and adaption key to continued expansion in GBA, experts say

February 2 2024

At the InsureTech Connect Asia Roadshow in Hong Kong, industry leaders discussed the potential and challenges of further tapping into the Greater Bay Area's insurance market.