General insurance sector grows 10.1% in 2023; domestic motor claims spike
SINGAPORE’S general insurance sector posted a year-on-year increase of 10.1 per cent in gross written premiums to S$10.2 billion in 2023, led...
Life Insurance Association launches guide to explain underwriting process to consumers
THE Life Insurance Association Singapore (LIA) on Friday (Mar 15) launched an underwriting guide for consumers, which contains general underwriting principles and...
China asks banks, insurers in Hong Kong to reveal LGFV holdings
CHINA’S banking regulator has started to scrutinise offshore holdings of local government financing vehicles’ (LGFV) debt at the nation’s financial institutions in...
Insurer AIA new business value up 33% for FY2023 on strong premium sales
ASIA-FOCUSED insurer AIA Group reported a 33 per cent rise in FY2023 value of new business (VONB), driven by strong sales growth...
Lloyds sells £6 billion of Scottish Widows annuities to Rothesay
LLOYDS Banking Group will offload a £6 billion (S$10.22 billion) portfolio of bulk annuities from its Scottish Widows subsidiary to pensions insurance...
Singapore marks catastrophe bond milestone amid record issuance and returns
SINGAPORE marks a fresh milestone in its ambition to become a hub for issuance of insurance-linked securities (ILS) in Asia.
MediSave to pay for higher MediShield premiums as national health insurance coverage is expanded
PREMIUMS for Singaporeans’ basic health insurance plan look set to increase, as MediShield Life is made to work harder, provide more assurance...
Lloyd's of London insurer Hiscox posts record annual profit, launches new buyback
LLOYD’S of London insurer Hiscox on Tuesday (Mar 5) posted a record annual profit and launched a share buyback as higher interest...
War insurers shrug off Rubymar sinking in Red Sea, rates stable
THE cost of war risk insurance through the Red Sea remained stable on Monday (Mar 4) despite the sinking of the Rubymar...
Chinese insurers warn of debt risks at property giant Vanke
SOME of China’s largest insurers are sounding an alarm over the debt risks of China Vanke, according to people familiar with the...