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Citigroup has announced the appointment of two seasoned bankers to senior roles within its Financial Institutions Investment Banking division. This move forms part of the bank’s strategic initiative to bolster its global insurance and specialty finance…
Great Eastern, the insurance division of OCBC, has introduced a new service tailored specifically for high net worth (HNW) individuals and families across Asia. Great Eastern Private: A Tailored Experience The newly unveiled proposition is named Great Eastern…
Manulife, the multinational insurance corporation, recently launched its Artificial Intelligence (AI) Center of Excellence in Singapore. This move is part of the company’s strategic plan to leverage cutting-edge technologies to streamline its operations and…
The global cyber insurance market is displaying a mixed bag of results in 2024, achieving a 7% growth to nearly $15 billion in premiums. However, this upward trajectory comes with a caveat: the momentum has decelerated for a second consecutive year, according…
In the rapidly evolving landscape of the aviation insurance market, the Asia-Pacific region is set to take flight with remarkable momentum. The market is projected to expand at an impressive compound annual growth rate (CAGR) of 8.7% from 2022 to 2032,…
Insurers in the construction sector across Asia are gearing up for a robust year in 2024, as highlighted in Aon’s 2025 Global Construction Insurance and Surety Market Report. The report underscores a growth-oriented atmosphere buoyed by enhanced reinsurance…
India’s life insurance industry is experiencing quite the twist, as it reported a year-on-year premium growth of 12.7% in May, bringing the total premiums to a substantial Rs30,463.2 crore. This surge is a welcome improvement from April’s 8.4% growth,…
Asia’s insurance markets showed impressive growth in 2024, especially in the life and health sectors, yet they continue to trail behind North America and Western Europe in overall scale and performance—particularly within the property and casualty (P&C)…
More than a dozen lenders achieved bancassurance revenues of over VND1 trillion ($42,633 million) from new customers last year, according to Vietcombank Securities. Bancassurance refers to insurance products sold through banks. Premium income from new…
Priceline Pharmacy has launched a unique health insurance brand and products in partnership with health fund nib. The launch of the health insurance products sees Priceline Pharmacy become the first pharmacy retailer to offer this to its customers. The cover…
The government of our country recently created a goal of going “completely electric” to limit the spread of pollution. India is one of the first five countries globally which use conventional fuels. Due to this, the environment faces a grave threat, which is…
The Philippines’ leading airline, Cebu Pacifi upgrades its CEB Travelsure “Basic Protect” insurance product to now include “COVID Protect”, to inspire travel confidence amidst the current situation. CEB is the first local carrier to offer this type of…
The Asia Pacific unit of Allianz has named a new chief executive officer to succeed Solman Altin, who has decided to leave the firm after first joining 13 years ago. Anusha Thavarajah has been named regional CEO of Allianz Asia Pacific, according to a…
The firm has signed an agreement to acquire an Indonesia-based asset manager, where it aims to create an on-the-ground, market-leading setup to grow its footprint. Allianz Global Investors (Allianz GI) has announced plans to acquire Indonesia’s RHB Asset…
The investment will be used to finance WeLab’s further expansion and, in particular, enable the ongoing development of its technological platform. Allianz X, the digital investment unit of Allianz, has joined the Series C funding round for WeLab, with a $75…
Zurich-headquartered insurer Chubb has appointed a new president for Australia and New Zealand. Chubb names Peter Kelaher country president for Australia and New Zealand, according to a statement, succeeding Jarrod Hill who is leaving the firm. Kelaher…
