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Asia tag returned 3263 results

  • Climate events cost India $7.6bn in 2021

    In 2021 weather and water-related hazards caused total damage of $35.6bn in Asia. These climatic events affected nearly 50m people in the continent. During the year India suffered economic losses up to $3.2bn due to flooding.

    AIRPlus | 02 Dec 2022
  • Hong Kong sees drop in total gross premiums for first three quarters of 2022

    The Insurance Authority (IA) released provisional statistics of the Hong Kong insurance industry for the first three quarters of 2022, showing a decrease of total gross premiums by 5.1% to HK$432.7bn ($55.4bn) over the corresponding period in 2021.

    AIRPlus | 01 Dec 2022
  • India: 86% of travellers consider travel insurance a necessity

    Interest in travel insurance kindled by the pandemic has sustained and travellers, both for international and domestic destinations, consider travel insurance as an essential part of their travel arrangements.

    AIRPlus | 01 Dec 2022
  • Singapore: General insurance industry to reach $6.6bn by 2026

    The general insurance industry in Singapore is set to grow at a CAGR of 7.2% from S$4.7bn ($3.5bn) in 2021 to S$6.6bn ($5.1bn) in 2026, in terms GWP according to an analysis by the data and analytics company GlobalData.

    AIRPlus | 01 Dec 2022
  • Asia: Aon Reinsurance Solutions names new APAC leaders

    Aon Reinsurance Solutions has appointed Mr Robert De Souza - currently Aon Reinsurance Solutions Australia and New Zealand CEO and chairman of APAC - as APAC president effective 1 January 2023. In this role, he will focus on supporting clients across the region, helping them make better decisions and driving the business strategic growth priorities.

    People | 30 Nov 2022
  • Huntington Group acquires digital broking firm in Thailand

    Singapore-based The Huntington Group (Huntington) has decided to acquire Futuready Thailand from Aegon. Following the transaction, Huntington and its affiliates will be Futuready Thailand's largest institutional shareholder.

    AIRPlus | 28 Nov 2022
  • China: Manulife IM to take full control of joint venture

    Manulife IM had been granted approval to acquire 51% of shares in Manulife TEDA Fund Management, a joint venture with assets under management (AUM) of $12bn as of 30 June 2022. This makes it the first foreign wealth and asset manager to convert its joint venture into a wholly owned public fund management company in China.

    AIRPlus | 28 Nov 2022
  • Japan: Insurer to cut jobs as claims outgo increases

    Japan's MS&AD Insurance Group Holdings has decided to cut down its personnel costs and increase productivity by adopting relevant technology.

    AIRPlus | 24 Nov 2022
  • Japan: Insurers now cover parental leave

    The Japanese insurers now offer insurance covers that pay out to companies if employees go on parental leave, eyeing growing demand for such services from employers grappling with the impact of more people, particularly men, taking time off.

    AIRPlus | 24 Nov 2022
  • Retaining older workers to address talent crunch in Hong Kong

    A recent study has revealed that employers in Hong Kong are addressing the talent crunch challenge by focusing on retirement age and benefits for older workers.

    AIRPlus | 22 Nov 2022

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