Sun Life appoints Lee Sarkin to lead Asia AI push
He will take up the Hong Kong-based role on 1 September. Sun Life has appointed Lee Sarkin as vice-president for data and artificial intelligence (AI) in Asia, effective 1 September.…
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Insured losses hold at $47b despite lower disaster costs
Economic losses dropped to their lowest first-half level since 2018. Natural disasters caused an estimated $111b in economic losses worldwide during the first half of 2026, whilst Asia-Pacific remained relatively…
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Travel credit insurance market exceeds $14.1b
Rising tourism and exposure to natural disasters are increasing protection demand across APAC. The global travel credit insurance market was valued at $14.1b in 2023 and is projected to expand…
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Chubb and Atome launch shopping fraud cover
Cardholders can seek reimbursement when goods arrive damaged or fail to arrive. Chubb Philippines and buy-now-pay-later platform, Atome Philippines, partnered to launch a shopping insurance plan with personal accident benefits…
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Sompo acquires Fator to expand Brazil insurance business
The target specialises in property surety and financial lines for corporate clients. Sompo International Holdings Ltd. has agreed to acquire Fator Seguradora in Brazil through a wholly owned subsidiary, the…
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Cambodia signs university deal amidst insurance literacy gap
Only 1.11% of national economic output is covered by the industry. The Insurance Regulator of Cambodia (IRC) has signed a Memorandum of Understanding (MoU) with ACLEDA University of Business (AUB)…
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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
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
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
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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