Life

MLC Life appoints Koji Ichiba as Board Director

April 3 2024

Ichiba joins from parent company Nippon Life and will replace Tomonao Gotoda, who returns to Tokyo in a senior role within the group.

Indonesian life insurance sector set for bounceback post-2024: GlobalData

April 2 2024

After a challenging period, Indonesia's life insurance industry is anticipated to rebound, driven by regulatory changes and changing demographics.

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Peak Re sees record US$200m net profit in 2023

April 1 2024

HK-headquartered reinsurer records significant turnaround from US$261m loss in 2022, according to unaudited figures from its parent company's annual results.

Indonesian insurtech PasarPolis reports 250% GWP increase for 2023

April 1 2024

Founder says insurtech is aiming aims to fully underwrite its products alongside 50% CAGR growth over the next four years.

IRDAI mandates electronic insurance policies from 1 April 2024

March 30 2024

E-policies become mandatory for policies with sums insured over 100 (US$1.20) rupees or premiums of at least 10 rupees.

Zurich Insurance elevates Tom Thornberry to Group Chief Claims Officer

March 28 2024

Thornberry has been with the business since 2012 and is promoted from his role as Global Head of Financial Lines, Cyber and Credit Lines Claims.

Fitch forecasts positive boost for Japan's life industry due to monetary policy shift

March 28 2024

Fitch Ratings predicts modest uplift in economic capital and earnings following BOJ's monetary policy adjustments.

Insurance Authority and Hong Kong Police Force sign MOU

March 28 2024

Memorandum of Understanding covers areas including case referrals, joint investigations, mutual investigative assistance, and the exchange of information

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IRDAI maintains D-SIIs status for LIC, GIC, and New India Assurance for FY 2023-24

March 28 2024

The IRDAI confirms continued designation of three key insurers as Domestic Systemically Important Insurers.

Seven insurers among 15 institutions in Korea's first joint climate stress test

March 27 2024

The Bank of Korea and Financial Supervisory Service will conduct stress test, with findings used to steer country's low-carbon transition.

Fitch maintains ratings for Etiqa entities amid net profit turnaround

March 27 2024

Group's financial performance rebounds to a profit in 1H 2023 thanks to a substantial increase in net invesment income.

korean-insurers-profits-soar-45-5-in-first-year-under-ifrs-17

Deferred acquisition costs under IFRS 17 see Korean insurers' profits soar 45.5%

March 27 2024

Industry sees 6% fall in overall premium income, but life insurers' net profits rise 37.6% and non-life's soar 50.9%, in first year under IFRS 17.

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