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Asia tag returned 3664 results

  • Wind power implications for insurers

    In 2018, typhoons Jebi and Cimarron "toppled over several turbines in Japan", according to an article published by Swiss Re, Climate Change and Wind Power: The Winds of Change.

    AIRPlus | 22 Jul 2024
  • Allianz to become Asia's 4th biggest composite insurer on completion of purchase of majority stake in Income Insurance

    German global insurer Allianz's proposed acquisition of a majority stake in leading Singapore insurer, Income Insurance, would clearly strengthen Allianz's business profile in Asia, a strategic area of growth for the group, says Mr Manuel Arrive, a director of insurance at Fitch Ratings.

    Asia | 22 Jul 2024
  • Australia and New Zealand: Chubb appoints new country president of general insurance business

    Chubb has appointed Mr Ben Howell as country president of general insurance business in Australia and New Zealand, effective 1 September 2024 and subject to regulatory approval. In his new role, he will have responsibility for Chubb's P&C and personal lines operations across Australia and New Zealand.

    Asia | 19 Jul 2024
  • Australia: Arch Insurance appoints new executive assurance underwriting manager

    Arch Insurance (Arch) has appointed Mr Alex Mackinnon as Northern Region executive assurance underwriting manager. In his new role, lead the continued growth of Arch's executive assurance portfolio across the Northern Region, which includes New South Wales, Queensland and the Australian Capital Territory.

    Asia | 19 Jul 2024
  • Asia: Manulife announces new appointments

    Manulife has appointed Ms Bonnie Qiu as chief distribution officer, Asia, effective 19 August 2024 and Mr Rishi Srivastava as chief agency officer, Asia, also effective 19 August 2024. Both appointments are to Manulife's Asia distribution team.

    Asia | 19 Jul 2024
  • Sri Lanka: Sri Lanka Insurance Life declares record bonus

    State-owned Sri Lanka Insurance Life (SLICL), has declared the highest ever bonus in the Sri Lankan industry to its policyholders, amounting to SLR11.2bn($36m) for the year 2023.

    Agents | 18 Jul 2024
  • Intermediary role in insuring NEVs in China

    The rapid development of new energy vehicle (NEV) insurance in China brings in new requirements for the country's motor insurance brokers. The traditional motor insurance brokerage model, which relies solely on providing basic intermediary services, has become insufficient to meet market demands. Facing this challenge, motor insurance brokers need to undergo self-innovation and actively involve in digital transformation.

    AIRPlus | 18 Jul 2024
  • Life insurance business in emerging markets predicted to grow by 7.2% in 2024

    Life insurance premiums in emerging markets, including those in Asia, will grow by 7.2% in real terms in 2024, with just 1.5% aggregate growth in advanced markets, says Swiss Re Institute (SRI).

    Asia | 17 Jul 2024
  • Asia: Region's advanced and emerging markets maintain 25% combined global market share in 2023

    Asia as a whole, including Australia and New Zealand, accounted for 24.5% of global premium volume in 2023 (2022: 25.5%), says Swiss Re Institute (SRI) in its report titled "World insurance: strengthening global resilience with a new lease of life", released yesterday.

    Asia | 17 Jul 2024
  • Singapore: Tokio Marine Life launches new financial advisory subsidiary

    Tokio Marine Life Insurance Singapore Ltd (TMLS) has launched a financial advisory subsidiary, Tokio Marine Financial Advisers (Singapore) Private Limited (TMFAS), through which it plans to deliver a comprehensive range of financial planning and wealth management services to its clients.

    Agents | 11 Jul 2024

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