Sunlife adopts new global branding
The shift reflects the evolving needs and expectations of its clientele. Sun Life Financial Inc. announced its new branding as “Sunlife”, changing its global tagline to “Making life brighter” and…
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NEWS
Philippine farmers face insurance gap as storm losses mount
Proposed subsidy cuts threaten coverage for millions of farmers. Cris Marzan, a 79-year-old rice farmer in Nueva Ecija province in the northern Philippines, expected to harvest 50 to 60 sacks…
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India’s proposed commission caps threaten insurance sales, models
IRDAI aims to lower policy costs and curb mis-selling through tighter expense controls. India’s insurance regulator will ensure a smooth transition to proposed rules capping commissions and tightening expense limits,…
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Hong Kong expands ILS market as PICC launches first sidecar
The $12m arrangement covers property insurance for offshore wind farms on the mainland. The Financial Services and the Treasury Bureau of Hong Kong welcomed the first issuance of an insurance-linked…
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GCash offers overseas travel insurance from $4.74
Emergency medical assistance reaches $7,928 with additional benefits for accidents and disruptions. GCash is offering overseas travel insurance through its GInsure marketplace, with premiums starting at $4.74 (P299) and coverage…
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Peak Re joins GAIP to tackle Asia’s insurance protection gap
It will contribute market expertise through joint research projects and industry working groups. Hong Kong-headquartered reinsurer Peak Re has joined the Global Asia Insurance Partnership (GAIP) as a principal partner.…
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Dah Sing Insurance targets growth amidst catastrophe risks
The firm is broadening its offshore reinsurance activities while maintaining strict controls on disaster exposure. Hong Kong’s Dah Sing Insurance Company Limited (DSI) is projected to maintain healthy growth over…
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Insurance gaps expose carbon storage projects to long-term risks
Operators may remain responsible for monitoring underground sites decades after operations end. Insurers may need new coverage arrangements to address long-term liabilities and operational risks as carbon capture and storage…
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Hong Kong insurance regulator bars six over $930,000 payments
The intermediaries breached internal controls by helping customers falsely declare who purchased their bank drafts. Hong Kong’s Insurance Authority (IA) has suspended or barred six insurance intermediaries for six to…
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Tune Protect launches digital platform to expand beyond insurance
The new account combines travel protection with connectivity and airport services. Tune Protect Group Berhad has launched TPXtra, a digital platform that combines insurance protection, travel services and lifestyle offerings…
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