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Tag: Insurance

Great Eastern Partners with Axiata Digital for Insurtech Solutions

Financial technology (fintech) service provider Axiata Digital Capital and Great Eastern have signed a strategic partnership to provide affordable and customised insurance and takaful...

Catalina Holdings to acquire Asia Capital Reinsurance Group

Catalina Holdings (Bermuda) Ltd (“Catalina”), an industry leader in the legacy (re)insurance space, has reached an in principle agreement to acquire Asia Capital Reinsurance...

World Bank Insures Philippines Against Natural Disaster-related Losses Up to US$225m

The World Bank (International Bank for Reconstruction and Development or IBRD) has issued two tranches of catastrophe-linked bonds (CAT bonds) in order to provide...

Singapore’s Life Insurance Industry’s New Premiums Dip to $2.2bn in 9 Mos

Singapore's life insurance industry recorded a total of S$3 billion in weighted new business premiums from January to September of this year, data from...
MEFIN Inc

Philippine Insurers Team Up to Promote Inclusive Insurance in Asia

MEFIN Inc to facilitate growth of inclusive insurance in Asia Five leading insurance companies in the Philippines have bonded together to form an organization that...
Allianz Life Indonesia

Allianz Announces New Indonesia Leadership Changes

JAKARTA - Allianz today announces the appointment of Joos Louwerier as Country Manager & CEO, Allianz Life Indonesia, where he will oversee the growth...
Prudence Foundation

Prudence Foundation Completes Housebuild Project in Bantayan Island

CEBU, PHILIPPINES – Almost four years after super typhoon Yolanda (international name: Haiyan) ravaged Central Visayas, Prudence Foundation – the community investment arm of...
SCOR Global

SCOR Global Life Gets Japan Branch Office Approval

The Financial Services Agency of Japan (FSA) has granted SCOR Global Life SE approval to open a branch office in Tokyo as of April...
Michael Ho Chubb Life Hong Kong

Michael Ho Named Chubb Life Hong Kong Head

Insurance industry veteran Michael Ho has been appointed country president for Chubb Life in Hong Kong. In an announcement Friday, Chubb said Ho will...
Chinese insurance premium

Chinese Insurance Firms Post 31% Growth in Premium Income

Chinese insurance companies' premium income rose 31 percent in the first two months of this year to reach Rmb1.19 trillion (about US$173 billion), according...
David Beckham

David Beckham is AIA Global Ambassador

Pan-Asian life insurance group AIA Group Limited has announced the appointment of former English professional footballer David Beckham as its Global Ambassador. In the newly...
Nippon Life

Nippon Life Inks UN Principles for Responsible Investment

Nippon Life Insurance Company, Japan's largest life insurer by revenue, today announced that it has signed the United Nations Principles for Responsible Investment (PRI). The...
Singapore Insurance

Singapore’s General Insurance Premiums Up Slightly in 2016

The General Insurance Association (GIA) said total gross premiums of Singapore's general insurance industry grew a mere 0.6 percent to S$3.7 billion (US$2.61 billion)...
OJK Reinsurance

Indonesia Now Has 42 Reinsurance Brokerage Firms

The number of reinsurance brokerage companies in Indonesia now stands at 42 after the country's financial services regulator granted operational licenses to two new...
AIA Mark Tucker

AIA Announces Retirement of CEO Mark Tucker

AIA Group Limited, the largest independent publicly listed pan-Asian life insurance group, has announced the retirement of of its Group Chief Executive and President...
China Evergrande Life

Stock Trading Operations of Evergrande Life Restricted

China’s insurance regulator, China Insurance Regulatory Commission (CIRC), has restricted the stock trading operations of Evergrande Life as part of punishment due to the...
Sri Lanka

Sri Lanka Opens Pharma Industry to Bangladesh Investors

The Sri Lankan government has invited Bangladeshi investors to consider investing in the country's pharmaceutical industry. Sri Lankan Industry and Commerce Minister Rishad Bathiudeen extended...
Insurance JD.com

JD.com To Launch Internet Insurance Service

JD.com, one of China's e-commerce giants, is set to launch an internet insurance service and move into the online brokerage business and internet banking. The...
IAG

Fast Facts on IAG’s 2017 Catastrophe Reinsurance Program

Insurance Australia Group (IAG) has finalised its catastrophe reinsurance program for the 2017 calendar year, which provides gross reinsurance protection of up to USD7bn. Here...
Phoenix Insurance

China Insurance Brief: Israel Opposes Sale of Insurance Firms to Chinese Investors

A senior government official disclosed the opposition of Israel’s Finance Ministry on the sale of insurance companies to Chinese investors due to their hesitation...