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  • No to merger: India government

    ...The Indian government's plan to merge three of the four public sector undertakings (PSU) non-life insurers into one behemoth has been put off, as it now prioritises other areas of national importance....

    Source : AIRPlus | 14 Jul 2020
  • Asia to see higher cancer mortality by 2030

    ...Asia can expect to see a 40% increase in cancer mortality by 2030, with the region registering a high mortality rate compared to North America, Europe and Oceania. This was cited in a new report by the Economist Intelligence Unit (EIU), whose research found a strong association between income level and overall cancer preparedness as measured by the Index of Cancer Preparedness: that is high-income countries outperform upper- and lower-middle income countries....

    Source : AIRPlus | 09 Jul 2020
  • Changing regulations to support the development of technology

    ...Over the past decade, foreign companies have withdrawn from Taiwan's insurance market one by one....

    Source : AIRPlus | 09 Jul 2020
  • Insurance markets will recover in 2021

    ...Most global insurance markets will recover in 2021 and global growth over the next decade should settle down at 4.4%, against 8.1% in Asia (ex-Japan). The region will contribute more than 50% or EUR1.28tn to global premium growth until 2030, according to the latest Allianz Global Insurance Report 2020....

    Source : AIRPlus | 08 Jul 2020
  • Insurer promotes healthy eating

    ...AIA Insurance Sri Lanka organised a 'healthy cook-off' competition for its employees to remind them on the importance of nutritious food....

    Source : AIRPlus | 08 Jul 2020
  • AXA XL maintains strong (re)insurance presence in China

    ...Last week, AXA XL announced its switch to becoming China's first foreign-owned reinsurance subsidiary. The subsidiary, XL Insurance China, is to be named AXA XL Re China. According to a statement from AXA, this re-focus of the license was unprecedented for both AXA and for the China Banking and Insurance Regulatory Commission (CBIRC)....

    Source : AIRPlus | 07 Jul 2020
  • COVID-19 casts shadow on insurers operations, says survey

    ...A survey conducted by the Insurance Institute of India (III) has revealed that COVID-19 will have a long-lasting impact on the insurance sector, which will have to accelerate digital transformation and reskill the workforce to stay relevant and competitive in the future....

    Source : AIRPlus | 07 Jul 2020
  • Profitability over growth

    ...HDI Global Singapore managing director Graham Silton talks about the Asian insurance markets and the impact of COVID-19....

    Source : AIRPlus | 02 Jul 2020
  • Export claims spike in Thailand

    ...In the first five months of 2020, the number of Export-Import Bank of Thailand's (EXIM Thailand) export insurance clients that have filed documents on foreign buyers' delayed payment has surged by 195%, bringing the total outstanding overdue amount to more than THB617.33m ($20m)....

    Source : AIRPlus | 01 Jul 2020
  • Sixty-five and still going strong

    ...As it celebrates its 65th foundation day, the Insurance Institute of India (III), a pioneer insurance training centre in Asia, is taking a number of initiatives to spread insurance awareness and bringing insurance education to the masses....

    Source : AIRPlus | 01 Jul 2020

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