In January, the insurance industry achieved gross premium income of CNY1.01tn ($155bn), a year-on-year increase of 11.16%, according to data released by the CBIRC.
Aon has announced the launch of a new fuel insurance product designed to help shipping and aviation companies protect against rising fuel costs.
Willis Towers Watson (WTW) has announced the launch of a new version of RiskAgility Financial Modeller, its financial modelling and reporting software for life insurers. RiskAgility FM 3.0 provides life and health insurers with a new calculation approach to actuarial modelling, with run times typically 10 times faster than current software.
AM Best has ranked the US’s UnitedHealth Group and Germany’s Allianz as the world’s largest insurers.
Aviva Singapore has announced that its health insurance products will automatically cover side effects arising from the COVID-19 vaccination, at no additional premium.
Willis Towers Watson has enhanced its casualty offering for automotive manufacturers in Asia. Dubbed as a five-in-one insurance solution, it covers general liability, product liability to product guarantee, product recall from first- and third-party, and financial loss relating to product recalls.
Global broking business Brokerslink has announced the launch of a dedicated international insurance program management platform to drive the growth and digitalisation of its international portfolio.
China’s insurance sector has seen steady growth in its total assets for the first nine months of the year, according to the China Insurance and Banking Regulatory Commission (CBIRC).
Visitors to Singapore will now be able to purchase inbound travel insurance for COVID-19 related costs incurred while in the country.
Aon, a leading global professional services firm providing a broad range of risk, retirement and health solutions, has launched an Asia Pacific Capital Advisory unit within Reinsurance Solutions to deliver a holistic approach to capital optimisation for re/insurers.