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Rising tourism and exposure to natural disasters are increasing protection demand across APAC. The global travel credit insurance market was valued at $14.1b in 2023 and is projected to expand…
Read article →Cardholders can seek reimbursement when goods arrive damaged or fail to arrive. Chubb Philippines and buy-now-pay-later platform, Atome Philippines, partnered to launch a shopping insurance plan with personal accident benefits…
Read article →The target specialises in property surety and financial lines for corporate clients. Sompo International Holdings Ltd. has agreed to acquire Fator Seguradora in Brazil through a wholly owned subsidiary, the…
Read article →Only 1.11% of national economic output is covered by the industry. The Insurance Regulator of Cambodia (IRC) has signed a Memorandum of Understanding (MoU) with ACLEDA University of Business (AUB)…
Read article →Employers can provide medical access and financial protection through a single package. AIA Philippines and MediCard have launched Group Life + HMO, an employee benefits plan that combines life insurance…
Read article →Expired conventional cards will no longer be accepted under the temporary measure from August. Beginning in August, insured medical treatment in Japan will only be available to patients with a…
Read article →The agreement includes a 15 year exclusive bancassurance partnership through HSBC. Allianz has agreed to buy HSBC Life Singapore for S$2.7b (US$2.1b), with the transaction expected to complete in the…
Read article →Sompo has also acquired a Brazilian company. The insurance industry from 20 to 24 July saw lower catastrophe losses, rising transaction risk claims, and continued merger and acquisition activity. Asia’s…
Read article →Consistent internal generation and low underwriting leverage support its financial position. United Overseas Insurance Limited’s (UOI) could expand its regional business in line with opportunities arising from the wider strategy…
Read article →More than half expect government schemes to fund future care needs. Planning for long-term care remains low amongst Singaporeans, as only 19% of respondents understand and have planned for their…
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