L&H

Regulators outline preparatory steps for Australian insurers ahead of 2025 FAR implementation

March 14 2024

APRA and ASIC urge insurers to prepare for the upcoming Financial Accountability Regime.

fitch-maintains-nippon-lifes-a-rating-outlook-stable

Fitch maintains Nippon Life's ratings as profits continue to rebound post-Covid-19

March 14 2024

Nippon Life's underwriting recovery and strategic health acquisition signal robust financial health amid market presence, says Fitch

FWD Group reports 22% increase in new business value in 2023

March 13 2024

NBV hits US$991m as group achieves operating profit across all four geographic business segments for the first time.

Canopius reports 35% GWP growth in Asia Pac amid record global result

March 13 2024

APAC hits US$295m in GWP, driven by strong growth in Lloyd's business, accident and health and treaty in Australia, and reinsurance portfolio in Singapore.

Insurance Authority suspends agent for seven months over unauthorised policy sign-up

March 12 2024

Insurance agent banned for seven months after taking out and paying for policy without client's approval, in a bid to climb sales rankings.

Australian Government to introduce financial sector regulatory initiatives grid

March 11 2024

New regulatory initiative aims to streamline financial sector, including insurance, enhance business operations and reduce compliance costs.

hong-kong-general-insurance-market-set-to-grow-to-hk85-6bn-in-2028-driven-by-economic-recovery

Hong Kong general insurance industry set to grow to HK$85.6bn in 2028, driven by economic recovery

March 11 2024

Economic recovery and increased demand for health and liability set to create 6.3% CAGR to HK$85.6bn (US$10.95bn) in 2028.

fwd-group-secures-majority-ownership-in-fwd-takaful-berhad-with-21-share-acquisition

FWD Group secures majority ownership in FWD Takaful with 21% share acquisition

March 11 2024

FWD Group's strategic investment boosts ownership of FWD Takaful Berhad to 70%, as insurer moves to strengthen its position in the Malaysian market.

hong-kong-underwriting-profits-and-gross-premiums-fell-sharply-in-2023

Hong Kong underwriting profits fell sharply in 2023

March 8 2024

Extreme weather and a struggling property market paved the way for big drops across multiple lines, according to provisional Insurance Authority data.

AXA launches women-exclusive health centre in Hong Kong

March 8 2024

AXA and Chiron Medical launch health centre with all-female medical team and which offers services exclusively for women.

Expanding scale and product mix shift key to propel Allianz Taiwan Life's profit: Moody's

March 8 2024

Moody's affirms A1 rating, forecasting profitability gains from strategic product mix shifts and scale expansion.

Insurance industry gender pay gap persists in APAC; Australia leading regional peers

March 8 2024

But despite Australia's strong international performance, finance and insurance is second worst sector domestically, as insurance and superannuation gap widens in last three years.

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