L&H

APRA imposes additional capital requirement on Pacific International Insurance

November 1 2024

Additional AU$10m (US$6.58m) requirement applied after review finds inadequate oversight and control of its insurance intermediary arrangements.

Mainland Chinese turn away from Hong Kong health insurance post-Covid

November 1 2024

Swiss Re’s Head of Hong Kong and Taiwan says that sales of life insurance and savings products are still booming.

AFCA data shows 5% increase in complaints for Australia's GI industry

November 1 2024

GI grievances up in 2023-24, but life insurance complaints decreased by 4% over the same period.

fubon-life-managing-hedging-costs-costs-amid-rise-in-forex-risk-sampp-global

Fubon Life managing hedging costs costs amid rise in forex risk: S&P Global

October 31 2024

AM Best has affirmed the Taiwanese insurer’s ‘A-’ ratings, expecting overall capital and earnings strength to remain satisfactory for the next two years.

aia-tops-global-mdrt-rankings-for-tenth-consecutive-year

AIA Group achieves record Q3 value of new business

October 31 2024

AIA Group says its VONB rose 16% year-on-year to US$1.161bn, a record for the group.

Rates easing but APAC remains an attractive growth prospect for reinsurers - S&P

October 31 2024

S&P forecasts stable credit ratings for APAC reinsurers despite geopolitical and natural catastrophe risks.

Brookfield Wealth Solutions enters Japan - report

October 30 2024

Firm has set up a reinsurance business and appointed an industry veteran to head up the new unit.

InsuranceDekho looks to swoop on rival broker RenewBuy - report

October 29 2024

Share swap deal would represent a major change to online distribution in the Indian market.

australian-federal-court-rules-in-favour-of-auto-general-in-asic-legal-battle-over-policy-terms

Australia's Federal court rules HCF Life's policy term could mislead consumers

October 28 2024

Justice Jackman says pre-existing condition clause is misleading, but not an unfair contract term under the ASIC Act of 2021.

aia-china-receives-regulatory-approval-for-anhui-branch

AIA China receives regulatory approval for Anhui and Shandong branches

October 28 2024

If final approvals are received, the Anhui branches would mark AIA’s sixth and seventh expansion in Mainland China since 2019.

MAS consults on tweaking Singapore’s insurance RBC regime

October 28 2024

Regulator wants to ‘finetune’ the treatment of infrastructure investment under its solvency assessment

IRDAI moves to overhaul fraud oversight following insurer data breaches

October 28 2024

Indian regulator takes action following high profile customer data loss at Star Health Insurance and Allied Insurance.

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