Country: Asia Page 217 / 455
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- February 3 2022
Asia cat modelling ripe for insurtech funding
After recent fundraisings at Reask and Descartes Underwriting, expect more over the next 12 months.
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- February 3 2022
Taiwan non-life profits up 33%
Demand for health insurance drove strongest premium growth in more than a decade.
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- January 31 2022
HKIA fines insurers US$900,000 for regulatory failures
Metlife and Metropolitan Life in Hong Kong broke anti-money laundering and counter-terrorism rules.
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- January 31 2022
Descartes Underwriting eyes Hong Kong after US$120m raise
The parametric specialist is also seeking to expand its Singapore and Sydney hubs.
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- January 31 2022
Vietnam’s PTI underwriting risks to grow: AM Best
The P&C player has had a favourable loss ratio but high expense ratio amid a GWP slowdown.
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- January 31 2022
China reports 58% surge in motor cover
As the amount being insured has risen, premiums have fallen by 5.7% - a positive for the market.
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- January 28 2022
Marsh APAC revenues climbed 38% in 2021
Broker saw APAC revenues hit US$1.46bn with 9% underlying growth, as India deal bolsters Q4.
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- January 28 2022
Talbot Singapore appoints APAC head of fine art & specie
Matthew Stock joins from Chubb and has relocated from Sydney to Singapore.
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- January 28 2022
Malaysia targets insurtech in new plan
The central bank’s Financial Sector Blueprint envisages new digital licences by 2023.
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- January 27 2022
Prudential in strong position as it focuses on Asia, Africa: Fitch
Annualised premium equivalent sales of the Asian and African businesses saw 17% growth in H1 2021.
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- January 27 2022
Generali to take majority control of India JVs
Italian giant set to own 74% of Future Generali India and up to 71% of Future Generali Life.
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- January 27 2022
Thai Group seeks to close Covid-hit Southeast Insurance
With the emergence of Omicron, the insurer sees no respite from a mountain of Covid claims.
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- January 27 2022
India seeks cat bond framework
(Re)insurers looking to capitalise will likely need to be based in the Gift financial hub.
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- January 26 2022
Typhoon Rai triggers US$52.5m cat bond payout for Philippines
Following a wind metric, another calculation for the World Bank instrument will look at precipitation.
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- January 26 2022
China electric car company NIO launches broker
Policy push by Beijing means cleaner energy vehicles are becoming increasingly popular.
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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.
