insurance
MSIG, Bank of China and China Pacific ink bancassurance deal in Thailand
MSIG, Bank of China and China Pacific ink bancassurance deal in Thailand
It aims to leverage the $5.2b in new Chinese investments entering Thailand in 2024.
Financial crime threats to rise in 2025, Kroll report warns
One of the primary drivers is the rapid advancement of AI.
Smartpay, Chubb launch embedded insurance in Japan
Cashless payments account for 50% of consumer monthly spending in Japan.
PAObank secures insurance agency licence
It also inked a deal with China Ping An Insurance and FWD Hong Kong.
Manulife, Maybank unveil new retirement investment plan
The plan utilised a glide path approach, which adapts to a client's evolving needs.
Commonwealth Bank to sell stake in Bank of Hangzhou to insurer
The Australian bank could make about A$940m in proceeds.
Shinhan Bank inks deal with Petrolimex Insurance on Vietnam expansion
The bank will distribute PJICO’s non-life insurance products.
Financial firms plan cautious 2025 pay raises
Region-wide, planned budget increases averaged 5.2%.
Etiqa, Maybank launch Singapore's first Takaful in 10 years
The plan combines ethical investment options with flexible wealth accumulation.
OCBC Hong Kong sells 33% stake in Hong Kong Life
Yue Xiu Enterprises (Holdings) bought the stake from the bank.
Insurance companies in Asia face fast-paced regulatory changes
It challenges insurance companies' operations.
Insurance firms prioritise speed in reconciliation processes
Speed and cost efficiency drive adoption of reconciliation solutions.
Cyber scams prompt behaviour change in 61% of users
Chubb says insurance can play a key role in digital payments.
Asia Pacific drives 54% of bancassurance market growth
The market is seen to expand by 6.74% this year.
Great Eastern halts trading of its shares in SGX
This follows OCBC's increased shareholding in the insurer.
Allianz and HSBC launch new life insurance plan
The plan comes with a premium starting from RM6,000.
WTW urges APAC banks to consider non-payment insurance
Uncertainties like the Chinese real estate crisis call for effective credit risk management.
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