Country: Asia Pacific Page 254 / 525
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- January 26 2022
Indian non-life insurers grew 12.2% in 2021
Health insurance made up 33% of the non-life market last year, surpassing motor for the first time.
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- January 25 2022
Malaysian Re renews voluntary cessions until end of 2024
The reinsurer helps support the Malaysian Aviation Pool and Malaysian Energy Risks Consortium.
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- January 25 2022
Sri Lanka Insurance sees GI book grow 5.4% in 2021
The insurer's overall premiums hit US$213.2m, an increase of 9.7% over 2020.
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- January 25 2022
South Korea’s digital insurers face tough road ahead
Digital disruption is starting with motor insurance. Deeper market penetration may prove harder.
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- January 25 2022
Japan’s P&C players to focus on property, specialty: GlobalData
Growth areas include cyber, event cancellation and business interruption.
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- January 24 2022
CPIC records life and P&C premium growth for 2021
P&C premiums at the Shanghai-headquartered insurer grew by over 3% to US$24.2bn.
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- January 24 2022
Peak Re appoints P&C head of product underwriting
Piotr Nowakowski joins in February in Hong Kong and was most recently at Echo Re.
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- January 24 2022
Tokio Marine accused of failing climate promises
The Japanese insurer, as well as Chubb and Mapfre, criticised over Brazilian drilling.
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- January 24 2022
World Bank hands US$8m cat payout to Tonga
A one-in-one-thousand year event has triggered an emergency resilience option.
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- January 24 2022
PVI Re sees record revenue and profits
The company is listed on the Hanoi Stock Exchange and celebrated its tenth anniversary last year.
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- January 21 2022
AM Best upgrades Taiwan’s Hotai Insurance
Taiwan's largest motor player has been improving its combined ratio in recent years.
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- January 21 2022
Howden continues APAC growth as global EBITDA climbs 50%
As the broker expands into New Zealand, APAC accounts for 14% of its global revenues in FY 2021.
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- January 21 2022
GIC Re faces US$270m cession loss
1% cession cut hands advantage to foreign players.
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- January 20 2022
CBIRC releases interim unified supervision framework
The new rules will take effect from March 1 and apply to off-site supervision.
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- January 20 2022
AIA Singapore appoints head of ESG
Leong Li Sun is the former corporate sustainability head at United Overseas Bank.
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- January 20 2022
FWD raises US$200m from ORIX and Huatai Securities
The Hong Kong insurer launched a private placement in December.
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- January 20 2022
Taiwan life premiums to hit US$120bn in 2025: GlobalData
The increase will be driven by an aging population and investment insurance.
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- January 20 2022
Asia Covid policies add pressure to cargo market
As China ramps up measures, cargo stacked at ports and quarantined crew are causing cover and claims' issues.
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- January 19 2022
IAG hires Suncorp veteran for underwriting role
Darren O'Connell is joining the Intermediated Insurance Australia division.
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- January 19 2022
India reduces reinsurance cession requirement to 4%
The new IRDAI rules are for the sum insured on general insurance and kick in from April 1.
