Insurance Business Asia

Stay ahead with our essential Insurance Business news service—completely free! 📬 We'll keep you updated with the latest breaking news, cutting-edge opinion, and expert analysis that affect your business and the industry. Subscribe today and never miss an important update! Subscribe here: https://hubs.la/Q02JFwrs0 #Insurance #Newsletter #InsuranceNews #News #IndustryInsights

⏰ Time is running out to showcase your team's innovation and achievements! Enter the 5-Star Insurance Innovators 2024 report by September 6 to highlight your groundbreaking initiatives and set your company apart in the industry. https://hubs.la/Q02MPt1b0

Nippon Life Insurance Co. is revising the fees it pays to banks and brokerages for selling its products, as Japan’s financial regulator scrutinizes sales of riskier assets to investors. https://hubs.la/Q02MP2z_0

FWD Insurance Group Holdings has posted impressive midyear results, with all target markets showing organic growth. The company's 2024 financial report reveals an after-tax profit of $223 million, driven by profitable performance across its geographic segments: https://hubs.la/Q02MP2mF0

India-based Magma HDI General Insurance Company Limited (Magma HDI) has processed its inaugural claim using the National Health Claims Exchange (NHCX) platform, signalling its integration with the recently launched system. https://hubs.la/Q02MGdmz0

Berkshire Hathaway Specialty Insurance (BHSI) has announced key leadership changes in Asia as the company continues to experience strong profitable growth in the region. https://hubs.la/Q02MGlKs0

Hiscox has named Colin Keogh as its interim chair following the tragic passing of Jonathan Bloomer and his wife, Judy, in a superyacht sinking off the coast of Sicily. Bloomer, who had been Hiscox's chair since June last year, was a respected figure in the insurance and financial services industries, having held prominent roles at Prudential, Morgan Stanley International, and Cerberus Capital Management. https://hubs.la/Q02MGlMf0

With biometric data privacy under increasing scrutiny, how can businesses effectively manage the associated risks? The recent $1.4 billion settlement involving Meta highlights the evolving regulatory landscape. Clyde & Co partners Rosehana Amin and Meghan Dalton emphasize the critical implications for insurance coverage and risk management. https://hubs.la/Q02MGfD10

The Indonesian government will disband troubled state insurer PT Asuransi Jiwasraya in September after clinching a deal with policyholders, according to a government official. https://hubs.la/Q02MGfhf0

A new report from Singlife reveals that Singaporeans may now face a 30-year journey to financial freedom, up nearly three years from last year. The 2024 Financial Freedom Index, which surveyed 3,000 citizens and PRs, recorded a drop in the average score from 60 to 58 out of 100. https://hubs.la/Q02MGl7Y0