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AIA and MediCard combine life and health benefits
NewsAugust 3, 20261 min read

AIA and MediCard combine life and health benefits

Employers can provide medical access and financial protection through a single package. AIA Philippines and MediCard have launched Group Life + HMO, an employee benefits plan that combines life insurance…

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Japan forces uninsured verification for medical cover
NewsAugust 3, 20262 min read

Japan forces uninsured verification for medical cover

Expired conventional cards will no longer be accepted under the temporary measure from August. Beginning in August, insured medical treatment in Japan will only be available to patients with a…

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Allianz buys HSBC Life Singapore for $2.1b
NewsAugust 3, 20262 min read

Allianz buys HSBC Life Singapore for $2.1b

The agreement includes a 15 year exclusive bancassurance partnership through HSBC. Allianz has agreed to buy HSBC Life Singapore for S$2.7b (US$2.1b), with the transaction expected to complete in the…

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This week in insurance: Catastrophe losses ease, Allianz buys HSBC Life Singapore, Chubb launches shopping cover
NewsAugust 3, 20262 min read

This week in insurance: Catastrophe losses ease, Allianz buys HSBC Life Singapore, Chubb launches shopping cover

Sompo has also acquired a Brazilian company. The insurance industry from 20 to 24 July saw lower catastrophe losses, rising transaction risk claims, and continued merger and acquisition activity. Asia’s…

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UOI targets growth as capital stays strongest: AM Best
NewsAugust 3, 20262 min read

UOI targets growth as capital stays strongest: AM Best

Consistent internal generation and low underwriting leverage support its financial position. United Overseas Insurance Limited’s (UOI) could expand its regional business in line with opportunities arising from the wider strategy…

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Only 19% of Singaporeans plan for long-term care
NewsAugust 3, 20262 min read

Only 19% of Singaporeans plan for long-term care

More than half expect government schemes to fund future care needs. Planning for long-term care remains low amongst Singaporeans, as only 19% of respondents understand and have planned for their…

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Munich Re withstands large-loss and payout pressures
NewsAugust 3, 20262 min read

Munich Re withstands large-loss and payout pressures

Diversified earnings and stronger investment returns supported group profitability in 2025. Munich Reinsurance Company’s (Munich Re) risk-adjusted capitalisation remains at the strongest level under Best’s Capital Adequacy Ratio (BCAR) and…

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Can Japan’s life insurers keep growing at home?
NewsAugust 3, 20263 min read

Can Japan’s life insurers keep growing at home?

Revised solvency rules are prompting insurers to rethink capital management. Japanese life insurers are increasingly looking overseas and relying more on reinsurance as they confront slowing growth at home, raising…

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Hong Kong insurance premiums jump 32.3% to $38b in Q1 2026
NewsAugust 3, 20263 min read

Hong Kong insurance premiums jump 32.3% to $38b in Q1 2026

Long-term new office business reached $18.3b after a 51.1% annual increase. Hong Kong’s insurance market recorded strong growth in the first quarter of 2026 (Q1 2026), with total gross premiums…

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AI automation could replace 25% of insurance jobs
NewsAugust 3, 20262 min read

AI automation could replace 25% of insurance jobs

The research also pointed to stronger pricing governance and cybersecurity as priorities for insurers. Nearly half of institutions expect that automation will replace more than 25% of their company’s workforce,…

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