Life

India's Policybazaar eyes reinsurance market following licence upgrade

February 19 2024

In-principle approval for Composite Insurance Broker license signals a strategic move into reinsurance.

singapore-life-insurance-sector-sees-strong-end-to-2023-despite-annual-dip

Singapore life sector sees strong end to 2023 despite annual dip

February 16 2024

Amid macroeconomic challenges, Singapore's life industry ends 2023 on a high, with 14.4% growth in weighted new business premiums in Q4.

IRDAI's new draft regulations look to reduce compliance burden while increasing policyholder protection

February 15 2024

Latest draft regulations propose impactful industry changes, including longer 'free-look' period and relaxation of approval to open foreign branches.

APRA Chair highlights importance of insurance affordability and accessibility amid rising risks

February 15 2024

John Lonsdale was speaking to the Senate Economics Legislation Committee about APRA's interim supervision and policy priorities.

irdai-unveils-draft-regulations-for-indias-new-electronic-insurance-marketplace-bima-sugam

IRDAI unveils draft regulations for India's upcoming digital insurance marketplace, Bima Sugam

February 14 2024

The ambitious marketplace is being developed as a 'one stop shop' to improve insurance penetration in the country.

Transitional measures give Korean insurers time to strengthen balance sheets

February 14 2024

Korean insurers capital ratios are 20% stronger thanks to transitional measures introduced by regulators, but these have a limited timespan.

bupa-launches-au20m-venture-fund-to-support-healthcare-startups

Bupa APAC launches new venture fund to support healthcare startups

February 13 2024

Bupa Ventures AU$20m aims to support Seed to Series A healthcare start-ups across APAC.

Insurtech MediConCen secures US$6.85m in Series A funding

February 12 2024

Hong Kong insurtech will target Middle East and Southeast Asia growth with latest investment round, which was led by HSBC Asset Management.

AM Best maintains A+ Rating for Dai-ichi Life

February 12 2024

'A+' and 'aa-' ratings affirmed with a stable outlook, emphasising insurer's resilience and strategic importance in Japan's market.

japanese-non-life-insurers-told-to-offload-cross-held-shares-in-wake-of-price-fixing-probe

Japanese insurers told to offload cross-held shares in wake of price-fixing probe - report

February 12 2024

Concerns over influence of strategic shareholdings have prompted Japan's FSA to order insurers to divest from cross-held shares.

AM Best assigns first ratings to Hong Kong's Well Link Life

February 9 2024

The growing life insurer receives 'B+' Financial Strength Rating and "bbb-" Long-Term Issuer Credit Rating with a stable outlook.

fosun-renews-efforts-to-sell-majority-stake-in-peak-re-report

Fosun renews efforts to sell stake in Peak Re - report

February 8 2024

Bloomberg reports that Fosun International is reviving plans to sell its majority stake in the Hong Kong-based reinsurer, aiming for a US$1bn valuation.

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