Insurance
Capco's Singapore 2023 insurance survey highlights opportunities for insurers to use innovative data and personalization strategies to meet evolving customer needs
Consumers favor more personalized products and are willing to share additional personal data with insurers to secure benefits, including an enhanced claims process and cheaper premiums Insurers need to consider long-established customer imperatives such as affordability, value for money and a pr...
The "Digital Wallet Race" Intensifies as Banks and Fintechs in Asia and Around the World Invest in Insurance: Chubb Survey
* Strong consumer demand accelerating adoption of digital insurance offerings globally, withAsia and Latin America leading the pack * Banks and fintechs are bullish on embedded insurance: majority expect offerings to comprise 10% or more of revenue in just three years SINGAPORE, Aug. 16, 202...
The "Digital Wallet Race" Intensifies as Banks and Fintechs in Asia and Around the World Invest in Insurance: Chubb Survey
* Strong consumer demand accelerating adoption of digital insurance offerings globally, withAsia and Latin America leading the pack * Banks and fintechs are bullish on embedded insurance: majority expect offerings to comprise 10% or more of revenue in just three years SINGAPORE, Aug. 16, 2023...
Waterdrop's AI-powered Conversational Platform Clinches Top Prize at 2023 Inslab Insurance Technology Innovation Competition
BEIJING, Aug. 15, 2023 /PRNewswire/ -- Waterdrop Inc. ("Waterdrop", the "Company") (NYSE: WDH), a leading technology platform dedicated to insurance and healthcare service with a positive social impact, recently triumphed at Inslab's 2023 Insurance Technology Innovation Competition, garnering the...
FWD Group marks 10th anniversary with its '10 grants in 10 markets' community initiative
HONG KONG, Aug. 14, 2023 /PRNewswire/ -- FWD Group Holdings Limited ("FWD Group" or "FWD") marked the 10th anniversary since the FWD brand was introduced onAugust 14, 2013, by announcing its '10 grants in 10 markets' charitable initiative for local communities. In 10 years of operation, FWD ha...
Waterdrop Presents Advanced Digital Risk Management Solution at 2023 Inslab Insurance Technology Festival
BEIJING, Aug. 10, 2023 /PRNewswire/ -- Waterdrop Inc. ("Waterdrop", the "Company") (NYSE: WDH), a leading technology platform dedicated to insurance and healthcare service with a positive social impact, recently unveiled an innovative, digital intelligence-driven risk management approach at the20...
Markel announces Steven Feng as an underwriter for Warranty and Indemnity
MARKEL, London, Aug. 10, 2023 /PRNewswire/ -- Markel, the insurance operations within the Markel Group Inc. (NYSE: MKL), has namedSteven Feng as an underwriter for its Warranty and Indemnity (W&I) team. This new arrival forms an integral part of Markel's strategy as the organisation continues to ...
CPIC Life (HK) launches branded new increasing whole life insurance product "Ever-growing Whole Life Insurance Plan"
HONG KONG, Aug. 9, 2023 /PRNewswire/ -- China Pacific Life Insurance (H.K.) Company Limited ("CPIC Life (HK)" or "the Company") announced the launch of a new whole life insurance product, "Ever-growing Whole Life Insurance Plan" ("Ever-growing"), providing customers with a resilient financial sol...
Waterdrop Inc. Advances Sustainable Development with Completion of UN's Climate Ambition Accelerator Training
BEIJING, Aug. 8, 2023 /PRNewswire/ -- Waterdrop Inc. ("Waterdrop", the "Company" or "we") (NYSE: WDH), a leading technology platform dedicated to insurance and healthcare service with a positive social impact, recently completed the United Nations Global Compact's Climate Ambition Accelerator (C...
Ping An ranked 33rd in the Fortune Global 500 List, 1st among global insurance enterprises
HONG KONG and SHANGHAI, Aug. 3, 2023 /PRNewswire/ -- Fortune has announced the 2023 Global 500 list. Ping An Insurance (Group) Company ofChina, Ltd. ("Ping An " or the "Group", HKEx:2318; SSE:601318) ranked 33rd on the list with its revenue recordedUSD181,566 million. The Group ranked 5th among gl...
ASEAN Indonesia Chairmanship Puts Strategic Focus on Key Regional Issues
JAKARTA, Indonesia, Aug. 2, 2023 /PRNewswire/ -- Indonesia is facilitating ASEAN countries in addressing critical strategic issues within the bloc. Among the top priorities are fostering monetary cooperation, managing financial affairs, strengthening social protection, and enhancing disaster insu...
IMG Announces Seventh Annual 'Leave Your Mark' Grant Opportunity
INDIANAPOLIS, Aug. 1, 2023 /PRNewswire/ -- IMG (International Medical Group), an award-winning global insurance benefits and assistance services company, is excited to be accepting applications for its annual Leave Your Mark Grant. In its seventh year, the Leave Your Mark initiative is designed t...
Waterdrop won several awards from Institutional Investor's "2023 All-Asia Executive Team"
BEIJING, July 28, 2023 /PRNewswire/ -- On June 21, Institutional Investor, a
renowned financial magazine, released its 2023 All-Asia Executive Team Ranking.
Waterdrop Inc. (NYSE: WDH) received multiple awards in the insurance sector as
follows:
FWD Group announces a new name and CEO for its Malaysian life insurance business
KUALA LUMPUR, Malaysia, July 28, 2023 /PRNewswire/ -- FWD Group Holdings Limited ("FWD Group" or "the company") announcedAman Chowla as the new Chief Executive Officer for its Malaysian life insurance business. The company also announced the renaming of the business to FWD Insurance Berhad ("FWD ...
Peak Re named "Asian Reinsurer of the Year - Gold" at the Insurance Asia Awards 2023
HONG KONG, July 28, 2023 /PRNewswire/ -- Peak Reinsurance Company Limited (Peak Re), theAsia-based global reinsurer, is proud to have won "Asian Reinsurer of the Year – Gold" in theInsurance Asia Awards 2023. The award is a testimonial of Peak Re's achievement over the past decade and a reco...
Turkey and Syria Earthquakes Drive Nearly Half of Economic Losses from Global Catastrophes in First Half of 2023: Aon
Global insured losses were fourth highest on record at $53 billion, elevated by U.S. severe convective storms LONDON, July 20, 2023 /PRNewswire/ -- Aon plc (NYSE: AON), a leading global professional services firm, today published itsGlobal Catastrophe Recap: First Half (1H) of 2023, revealing a ...
Ping An Announced IFRS 17 Update and Financial Information under IFRS 17 for 2022
HONG KONG and SHANGHAI, July 19, 2023 /PRNewswire/ -- Ping An Insurance (Group) Company ofChina, Ltd. ("Ping An" or the "Group", HKEx:2318; SSE:601318) has released the IFRS 17 update, and provided an explanation of the major changes and the impact under the implementation of IFRS 17. It also dis...
First Blockchain-Powered Luxury Watch Embedded Insurance
HONG KONG, July 15, 2023 /PRNewswire/ -- YAS (www.yas.io/timecare
Ping An Co-CEO Jessica Tan Appointed as Sole Representative from Chinese Company in World Bank's Private Sector Investment Lab Founding Members
HONG KONG and SHANGHAI, July 13, 2023 /PRNewswire/ -- The World Bank announced the 15 founding members of the Private Sector Investment Lab. Leveraging on her professional expertise, leadership and successful experiences in business, technology and finance;Jessica Tan, Co-CEO of Ping An Insurance...
FWD Group ranked number six in 2023 MDRT rankings
HONG KONG, July 13, 2023 /PRNewswire/ -- FWD Group Holdings Limited ("FWD Group") ranked number six in the2023 Million Dollar Round Table ("MDRT") Top 10 Multinational Companies rankings, retaining its position from last year. In Thailand and the Philippines, FWD ranked number two for MDR...
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