Life

Chinese life insurers' new economic assumptions strengthen long-term risk management, despite lower NBV: Fitch

April 30 2024

Recalibration to align with low interest rate environment will help align policyholders expectation and boost investor confidence.

FTLife announces Q3 name change to Chow Tai Fook Life Insurance

April 30 2024

Rebrand aims to strengthen collaboration with Chow Tai Fook Enterprises in order to "create value beyond insurance".

AIA announces record new business in Q1 2024

April 29 2024

AIA Group reports 31% YoY rise in value of new business, reaching US$1.327bn — a record quarter for the group.

irdai-sets-all-in-one-insurance-product-premium-at-1520-rupees-us18-including-parametric-property-claims

IRDAI sets premium for 'All-in-one' insurance product at 1,520 rupees (US$18)

April 27 2024

India's 'Bima Vistaar' product includes insurance coverage for life, health, personal accident, and property, and a parametric claims process for property.

china-sets-2030-goals-for-green-insurance-development

China sets new 2030 goals for green insurance development

April 26 2024

New guiding opinions outlines roadmap for the insurance industry to support China's environmental and carbon neutrality goals.

HK Insurance Authority finalises RBC rules, extends 'submission transitional period' to three years

April 26 2024

Following conclusion of industry consultation, the Six rules are set to be submitted for review by the Legislative Council in May.

iag-singapore-life-among-new-un-backed-forum-for-insurance-transition-to-net-zero

IAG, Singlife join UN-backed 'Forum for Insurance Transition to Net Zero' as founding members

April 25 2024

FIT launches with 19 founding members plus a team of legal experts to help navigate antitrust and legal concerns that plagued its predecessor.

IRDAI approves variable annuity plans for Indian life insurers - report

April 25 2024

Indian Life Insurers look set to be able to offer alternative to fixed annuity plans in the coming months.

Hanwha Life sets sights on Southeast Asia with strategic stake in Indonesia's Nobu Bank

April 25 2024

If approved, Hanwha will set a precedent as the first Korean insurer to enter the overseas banking industry through 40% stake.

long-term-new-business-spikes-in-hk-in-2023-topping-2019-for-first-time

HK long-term new business spikes in 2023, topping 2019 for first time

April 25 2024

2023 a noteworthy year as Hong Kong life industry surpasses 2019 new business premiums, with HSBC Life topping charts for second year running.

Barriers to overseas risk placement hinders APAC market development

April 24 2024

Too many barriers still exist for cross-border reinsurance – and things could get worse.

Fitch: Korean Insurers well positioned to withstand overseas CRE downturns

April 23 2024

Potential fluctuations in overseas commercial real estate investments expected to have minimal impact on credit ratings.

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