Samsung Life’s 1H2021 jumps more than 70%
South Korea's top life insurer Samsung Life Insurance saw its net profit climb by 71.6% for the first half of the year to KRW1.23tn ($1.05bn), compared to the corresponding half last year.
Amazon & Marsh reveals massive insurance partnership
Marsh has entered into a new partnership with Amazon to help small business sellers get affordable product liability coverage on its new digital insurance network, Amazon Insurance Accelerator.
First 100% foreign-owned insurance asset management company in China
Allianz Insurance Asset Management (Allianz China IAMC) has received license from the CBIRC to be established as the first wholly foreign-owned insurance asset management company in China.
China improves access for financial foreign investors
China will continue to open up its financial sector and improve rules for foreign banks and insurers entering the market.
China issues first “digital yuan insurance policy”
The Shenzhen subsidiary of Ping An Property Insurance and the Bank of China branch in Shenzhen have issued the country's first "digital yuan insurance policy".
Asia Pacific consumers feel under-insured
Acccording to the latest sigma report titled “World insurance: the recovery gains pace” by Swiss Re, many respondents to a consumer survey feel under-insured and aim to buy more protection, despite most owning medical and life insurance.
Fitch’s review of Asia Pacific composite insurers
Fitch Ratings has conducted a peer review of six composite insurers in the Asia Pacific region and assessed their profitability to be 'Very Strong' to 'Good'.
Winners of 6th Asia Trusted Life Agents & Advisers Awards
Sixteen winners from six markets were honoured at the 6th Asia Trusted Life Agents & Advisers Awards (the Awards) ceremony. The deserving winners edged out over 280 nominations from 17 markets. Winners emerged from Hong Kong, Vietnam, Singapore, Thailand and Taiwan, and came from leading insurance companies including AIA, Cathay Life, Manulife, Nan Shan Life, and Prudential.
Global reinsurance market is approaching equilibrium
The global reinsurance market is approaching equilibrium, or so says a new report from Willis Re, the reinsurance division of Willis Towers Watson.
World insurance broking market in 2020
According to rankings and analyses released yesterday by Insuramore, a provider of services and consultancy with a primary focus on the insurance sector, the world's top 20 insurance broking groups as measured by total insurance broking revenues in 2020 (combined of fees and commissions earned) accounted for just over a half (52,3%) of global insurance broking revenues in 2020.
Reinsurance premium growth in Q1
Positive pricing momentum has driven premium growth in the global reinsurance sector in the first quarter of 2021, according to a new report from Willis Re.
China government widens farm insurance
A State Council executive meeting presided over by Premier Li Keqiang has decided to provide wider farm insurance for 13 major grain production provinces, in order to help farmers fend off risks and stabilise income from planting rice and wheat.
Hub unveils new drive excess liability product
Global insurance brokerage Hub International Limited has launched a new liability/umbrella insurance product designed for transportation clients, to broaden coverage and protect them from potential major losses from nuclear verdicts.
Kakao approved to offer non-life insurance products
The Financial Services Commission (FSC) has given preliminary approval for a non-life insurance licence for Kakao. This is the first time a non-insurance company has been approved to offer digital insurance services.
Above normal cyclone landfalls predicted for Asia
The number of tropical cyclones forecast to form between 1 April and 30 September this year is above normal, according to Guy Carpenter, the reinsurance broking arm of Marsh McLennan.