(Re)in Asia

AXA Hong Kong and Macau has partnered with Ant Bank (Hong Kong) and AlipayHK to deliver embedded insurance solutions through the AlipayHK platform, starting with life and savings products with plans for expansion this year. https://lnkd.in/gbmprEav #Insurance #HongKong #EmbeddedInsurance

Allied World has promoted Ada Lui to Deputy Country Head of Hong Kong, effective April 1st. https://lnkd.in/ggefAFxS #Insurance #People #HongKong

Manulife Philippines has announced the appointment of Amy Gochuico as President and CEO of Manulife China Bank Life Insurance Corporation, effective 1 April 2025. More here: https://lnkd.in/ePHEK_gk (No subscription required) #Insurance #Philippines

Marsh has named Ross Hoy as its new Renewable Energy Leader for the Pacific region. https://lnkd.in/eSRZ2rzA #Insurance #Energy #People #Pacific

Local media reports that South Korean insurers are exploring the launch of earthquake coverage as a stand-alone product, potentially supported by the government. https://lnkd.in/guwerzsi The potential move comes amid a wider shift in earthquake risk assessments across Asia following recent events. #Insurance #Earthquake #RiskAssessment #SouthKorea

China's regulators are encouraging insurers to establish private fund companies as part of a broader technology and financial innovation strategy, aiming to channel long-term investments into the domestic stock market and enhance market stability. https://lnkd.in/g7tiTKQF #China #Insurance #AssetManagement

The March expansion of Australia's Financial Accountability Regime (FAR) to include insurers and superannuation funds could impact the Directors & Officers (D&O) insurance market and insurers themselves. https://lnkd.in/gA-rWtP9 FAR introduces stringent deferred pay rules for senior executives, increasing personal liability and compliance burdens. This shift could lead to changes in insurance D&O terms and pricing, especially as regulators like APRA and ASIC begin enforcing the framework. Insurers could also be at risk of non-compliance. Aaron Woolner's feature story on the development includes expert insight from Kennedys' Llinos Kent, Norton Rose Fulbright's Raymond Giblett, Clyde & Co's Dean Carrigan, and Grant Thornton Australia's Jane Stanton FCA: https://lnkd.in/gA-rWtP9 #Insurance #Regulation #Directors #Officers #Australia

Following Fitch's downgrade of China's sovereign rating on 3 April, the rating agency on Wednesday downgraded the ratings of five Chinese insurers which have varying degrees of government support. It also affirmed China Life's rating at 'A+'. https://lnkd.in/gaQ4FemV #Insurance #China

The Australian Competition and Consumer Commission has delayed the presentation of its findings on IAG's acquisition of RACQ's insurance operations and Allianz Australia's acquisition of RAA's underwriting business, citing a need for more information. https://lnkd.in/g3eHuecz #Insurance #MergersAndAcquisitions #Australia

China has increased the equity investment ceiling for some insurers by 5 percentage points as part of its efforts to stabilise and support domestic markets amid global market volatility. https://lnkd.in/eTpCTFcc In a circular published Tuesday, the National Financial Regulatory Administration (NFRA) also encouraged insurers to invest more in strategic emerging industries, which include technology and green energy. The move is the latest in a series of regulatory measures in China this year aimed at stabilising markets and enhancing insurers' roles as long-term capital providers. #Insurance #Regulation #AssetManagement