The AIA Group is expected to report a 23% year-on-year growth in its value of new business (VONB) for the fourth quarter of 2024, driven by a rebound in China and strong sales in Hong Kong and Singapore, according to UOB KayHian.
Suncorp Group has completed the divestiture of its New Zealand-based Asteron Life business to Resolution Life Australasia for NZ$410 million (US$228 million).
Bangkok Life Assurance has launched two new insurance plans through its agents - Prestige Saving 12/6 and Prestige Life 99/20 - suitable for people with high incomes who have financial planning goals for future security.
Muang Thai Life Assurance (MTL) expects its total premiums to rise substantially from 2024 thanks to life and health insurance premium growth, despite adjustments for the new Thai Financial Reporting Standard 17 (TFRS 17).
AIA Singapore and Raffles Hospital have signed a Memorandum of Understanding (MoU) to jointly pursue key initiatives, which will enhance Singapore Residents' access to quality healthcare services at Raffles Hospital.
FWD Hong Kong has signed a long-term bancassurance agreement with Bank SinoPac, marking a strategic move to broaden its market presence among high-net-worth individuals and commercial clients.
The life insurance sector in Singapore, which experienced a strong rebound in 2024, is poised to maintain its upward trajectory into 2025. With growing consumer interest in sustainable insurance products and ongoing advancements in digital transformation, the industry is well-positioned to meet emerging demands.
Manulife Asia has signed a three-year exclusive premier sponsorship agreement with the Million Dollar Round Table (MDRT), a global, independent association of the world's leading insurance and financial services professionals from 85 nations and territories and more than 700 companies.
AXA Hong Kong and Macau (AXA) has launched WealthAhead Savings Plan (the Plan), a new product featuring an ultra-short premium payment term of two years, supporting customers in accelerating their wealth accumulation and establishing long-term savings.
Prudential Assurance Malaysia Berhad (PAMB) has introduced the PRUWith You Plus plan, a flexible and customisable insurance option with an increasing sum assured that offers comprehensive coverage.
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