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West P&I relocates office as Asia shipping portfolio grows
NewsAugust 24, 20261 min read

West P&I relocates office as Asia shipping portfolio grows

Club serves over 1,800 vessels across Chinese and Vietnamese shipping markets. West of England P&I Club has relocated its Hong Kong office, catering to Chinese and Vietnamese markets. The new…

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SBI General profit hits INR553 crores as share reaches 7.17%
NewsAugust 24, 20261 min read

SBI General profit hits INR553 crores as share reaches 7.17%

Health segment grew 27% whilst the accident business expanded 40%. SBI General Insurance saw its profit after tax climb 8.6% year-on-year (YoY) to $0.06b (INR5.53b) in fiscal year 2026 (FY…

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Tata AIA plan covers 60+ critical illnesses with tax-free withdrawals
NewsAugust 24, 20261 min read

Tata AIA plan covers 60+ critical illnesses with tax-free withdrawals

Market-linked returns support fund accumulation before medical needs arise. Tata AIA Life Insurance unveiled a unit-linked life insurance plan. The plan, Shubh Health Criti, earns market-linked returns, covers 60+ critical…

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FWD new business sales rise 4% to $720m in Q1
NewsAugust 24, 20262 min read

FWD new business sales rise 4% to $720m in Q1

FWD is confident that the rising middle-class trend in Asia will continue long-term. FWD Group’s new business sales went up 4% year-on-year (YoY) to $720m in Q1 2026, according to…

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How can wealthy people close the legacy planning gap?
NewsAugust 24, 20262 min read

How can wealthy people close the legacy planning gap?

Older cohorts lag on plan execution despite strong awareness. Wealthy Asians understand legacy planning, but many have not put anything in place, leaving $5.7b of wealth unstructured. About three-quarters of…

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Hong Kong insurance records 109,813 new policies
NewsAugust 24, 20261 min read

Hong Kong insurance records 109,813 new policies

New direct long-term business covered 1.1 million lives in 2025. Hong Kong’s long-term insurance market recorded 109,813 new direct long-term policies in 2025. New direct long-term business brought in $21.1b…

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Analysts expect Ping An’s earnings to recover in 2026
NewsAugust 24, 20262 min read

Analysts expect Ping An’s earnings to recover in 2026

Operating profit after tax rose 7.6% YoY to $6.1b in the first quarter. Ping An Insurance Group is expected to see a gradual earnings recovery in 2026, supported by stronger…

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Hang Seng targets $3,300 retirement income gap
NewsAugust 24, 20261 min read

Hang Seng targets $3,300 retirement income gap

Pre-retirees said they need about $5,200 a month for a comfortable retirement. Hang Seng improved its IncomePower Life Insurance Plan, aiming to help customers generate passive income and plan for…

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Hong Kong insurer complaints rise for fourth straight year
NewsAugust 24, 20263 min read

Hong Kong insurer complaints rise for fourth straight year

The Insurance Authority has flagged gaps in incentives, disclosure, and oversight. Hong Kong insurers are facing rising pressure over the handling of claims and sales conduct as complaints increased for…

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Malaysia fines Zurich $390,000 over sanctions breaches
NewsAugust 24, 20262 min read

Malaysia fines Zurich $390,000 over sanctions breaches

The penalties were issued on 19 January 2026 and paid on 26 January 2026. Bank Negara Malaysia (BNM) has imposed administrative monetary penalties totalling $390,000 (RM1.56m) on two Zurich entities…

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