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Asia tag returned 3006 results

  • Asia Pacific: 2021 sees below-average CAT-related economic losses of US$78bn

    After three consecutive years (2018-2020) of economic losses topping $100bn from Nat CAT events, the toll in Asia Pacific (APAC) fell to $78bn in 2021. This was 31% below the 2000-2020 average ($113bn) on an inflation-adjusted basis, says Aon, a global professional services firm that provides risk, reinsurance, retirement, and health solutions.

    Asia | 26 Jan 2022
  • High premium and poor awareness main reasons for low penetration of health insurance

    High premium and poor awareness could be the two main reasons for the low penetration of insurance in India where a majority of people are either uninsured or under insured.

    AIRPlus | 25 Jan 2022
  • Asia: Markel expands in Asia in pace with growth of region's maritime trade

    Markel International, a subsidiary of New York-listed Markel Corporation, has accelerated growth of its marine capabilities in Asia, following the increase in customer demand across the region.

    Asia | 25 Jan 2022
  • Hong Kong: FWD Group raises US$1.6bn ahead of IPO

    Asian insurer FWD Group has raised another $200m in new funding ahead of its planned Hong Kong initial public offering, reported Reuters citing two sources with direct knowledge of the matter.

    Asia | 21 Jan 2022
  • Insurer survey reveals the biggest retirement planning concern

    AIA Singapore has unveiled the report from a study it conducted on retirement planning among Singaporeans.

    AIRPlus | 20 Jan 2022
  • Sri Lankan insurance industry maintains growth trajectory

    The insurance industry in Sri Lanka was able to achieve a growth of 6.19% in terms of overall gross written premium (GWP), during Q3,2021, recording an increase of SLR9.367bn ($46.2m) when compared to the same period last year. The GWP of long-term Insurance business amounted to SLR86.6bn ($427m) [Q3, 2020: SLR72.3bn ($356m)] recording a growth of 19.82%. The GWP of general insurance business amounted to SLR74bn (Q3, 2020: SLR79bn) recording a decline of 6.28%

    AIRPlus | 20 Jan 2022
  • Asia: 49% of people polled think COVID pandemic to last at least another year

    Almost half of people living in Asia have accepted that COVID-19 is here to stay for another year or more and have changed their health, digital, and financial habits to match the new normal, amid continued concerns about their income and overall wellbeing, according to new research from Manulife.

    Asia | 20 Jan 2022
  • Asia: COVID, real estate, supply chains & inflation are expected bumps for insurers in 2022

    Continuing COVID-19 restrictions in most Asian jurisdictions, potential challenges in the property market (whether related to Evergrande or otherwise) in combination with global supply chain issues, rising energy prices, increasing inflation and the withdrawal of temporary pandemic relief measures suggest that 2022 will be a bumpy ride for the Asian insurance market, even without further resurgent COVID-19 outbreaks.

    Asia | 17 Jan 2022
  • Insurer launches glow green initiative

    Indian private life insurer, PNB MetLife has launched a 'Glow Green' initiative through which it will plant 40,000 saplings over the next three years in four eco-sensitive areas of the country.

    AIRPlus | 13 Jan 2022
  • Asia Pacific: Region's economic losses from Nat CAT total US$50bn in 2021

    Losses from natural disasters in the Asia-Pacific region remained modest in 2021, according to a report by global reinsurance Munich Re.

    Asia | 11 Jan 2022

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