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- August 14 2018
Singapore life market sees 20% premium rise
Growth is attributed to an uptake in both single and annual premium products in the first six months of the year.
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- August 13 2018
Competition, low premiums pull down Korean auto insurance
The country's motor market saw a 1.2% contraction during the first half of the year.
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- August 13 2018
State Bank of India selling stake in insurance JV
It has reportedly started the process of selling up to 4% of SBI General Insurance.
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- August 13 2018
Zurich beats profit expectations
Income in the first six months of the year rose 19% to US$1.8bn, surprising analysts.
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- August 10 2018
Ping An targets US$50bn+ Pru acquisition
Rumours about the potential acquisition came as a surprise to many, including the Pru.
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- August 10 2018
Babylon’s US$100m AI doctor
The British health chatbot is set to offer advice in 12 Asian markets after deal with Prudential.
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- August 10 2018
DHFL, SVC Bank enter bancassurance deal
The partnership is in line with DHFL's strategy to grow its business on the back of simple, customer-centric solutions.
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- August 10 2018
Suncorp confirms sale of life insurance unit to Dai-ichi Life
Australia's second-biggest general insurer will generate US$540m from the sale to the Japanese group.
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- August 10 2018
Ping An eyeing Pru’s Asia business
The Chinese insurer has reportedly already sought its government’s initial approval on the matter.
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- August 9 2018
Munich Re to quit coal-related investments
It will limit investments in companies that derive more than 30% of their business from burning coal.
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- August 9 2018
China resumes inquiry into insurance officials
Close to 40 regulatory personnel have been under investigation since mid-July.
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- August 8 2018
Chubb launches flight delay insurance in Australia
Offered in partnership with Swiss Re, the new policy pays out automatically for delays as short as 30 minutes.
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- August 8 2018
Starr acquires Aspen’s aviation business
The value of the aviation book is estimated to be in excess of US$50m in gross written premiums.
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- August 8 2018
Symbo buys ReLeague digital reinsurance platform
The Singapore-based insurtech has added reinsurance to its offerings in direct insurance.
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- August 7 2018
Philippines not ready for takaful
The Insurance Commission has said that the country is not yet ready to introduce Islamic insurance.
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- August 7 2018
MSIG Insurance partners with Plug and Play in Singapore
The partnership will focus on digital, operational efficiencies and encouraging innovation in the region.
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- August 7 2018
Thai non-life sector faces profit squeeze
Margins could be constrained by intense pricing competition following premium deregulation.
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- August 6 2018
Fubon Life fined for inadequate documentation
Poor record keeping of company business practices has resulted in fines of US$411,000 by the FSC.
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- August 6 2018
AIG profit down 17%
Issues within its general insurance business weighed on the profit of AIG during the second quarter.
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- August 6 2018
Online insurance set for dramatic growth in India
The sector is expected to grow to US$8.7bn over the next five years, according to RenewBuy CEO.
