Manulife Asia has appointed Mrs Adrienne O'Neill as Asia CFO; Mr Benoit Meslet as CEO of Singapore, effective 1 June 2025 and pending regulatory approval; Dr Khoo Kah Siang as CEO of emerging markets; Ms Lauren Sulistiawati as CEO of Indonesia, effective 24 February 2025 and pending regulatory approval; Mr Phil Witherington as president and CEO of Manulife, effective 9 May 2025 and Mr Ryan Charland as CEO of Japan, effective 1 May 2025.
China has granted ten major insurance companies, including PICC Property & Casualty and China Life Insurance, approval to invest in gold for the first time, a move that could inject up to CNY 200bn ($27.4bn) into the market and drive-up prices.
Health insurance's share in the non-life segment is set to surpass other categories put together as the sector continues to expand, reported Times of India.
Ly Hour SBI Insurance board member and chief executive officer Okhna Ly Sopheap said in an interview with Cambonomist, that despite facing a series of global challenges, the Cambodian insurance sector is still able to stand strong and play a significant role in helping to develop the economy.
Hwasun County (Governor Gu Bok-gyu) has announced the renewal and implementation of the '2025 County Citizens' Life Safety Insurance,' aimed at assisting residents who have been affected by disasters and safety accidents.
Surging health insurance premiums in Malaysia have caused public distress to the extent that the Public Accounts Committee (PAC) of the country's parliament has decided to hold public hearings on the issue.
The National Assembly of Vietnam has amended and supplemented many articles and provisions of the country's law on health insurance 200811. The new amended law No. 51/2024/QH15 will take effect from 1 July 2025.
Paris-headquartered Arundo Re has announced that its new non-life reinsurance business in Asia jumped by a robust 33% at the 1 January renewals.
The AIA Group is expected to report a 23% year-on-year growth in its value of new business (VONB) for the fourth quarter of 2024, driven by a rebound in China and strong sales in Hong Kong and Singapore, according to UOB KayHian.
According to news site Jakarta Globe, the implementation of mandatory third-party liability (TPL) insurance for motor vehicles has been delayed, as the country's regulator, Otoritas Jasa Keuangan (OJK) waits for a government regulation. The programme was to be implemented in January 2025.