InsuranceAsia News’ Post

I can only hope and pray these foreign reinsurers are reinvesting in the infrastructure of Vietnam, and generally being good actors. I healthy insurance market can help Vietnam emerge more and more on the world stage and while there will be issues that arise, it is very nice to see. The reinsurance industry can provide capacity and make it a strong, lasing market, or profiteer and slow expansion and help drive a manufactured wealth gap that de-stabilizes the country and the region. Prayers for professionalism and humanity in all dealings, and looking to what could be a very bright future.

【Pet Accidental Death: How Do Different Insurances Compensate?】 Full Article: https://lnkd.in/gy4cTn7J  Recently, a rare incident has drawn widespread attention. A netizen accused a renovation company on social media of improper installation while working on a living room TV wall. They claimed that even the screws were not installed properly, leading to the wall collapsing soon after completion and tragically crushing their beloved cat. If a pet dies due to such an accident, how will insurance provide compensation? I will provide a detailed explanation in my article for the Hong Kong Economic Journal! #HongKongEconomicJournal #HKEJ #AssetInheritance #WealthManagement #AssetManagement #FinancialPlanning #InvestmentStrategy #RiskManagement #FinancialFreedom #insurance #finance #WealthManagementManager #AIA #AIAHK #WaveChow 

【Is Keyman Insurance Tax-Deductible?】 Full Article: https://lnkd.in/gefe9XHb #Keyman #Insurance is an insurance policy designed to protect a company’s critical employees, whose roles are vital for revenue generation and credit limit. The absence of these key individuals can severely disrupt business operations and may even lead to a halt in operations. As a result, many organisations opt to insure them. In the event of an unexpected death or serious illness, the insurance payout can help mitigate short-term losses and provide financial stability. Is Keyman Insurance’s premium eligible for #tax reduction? The opinions in the market can vary significantly, often leading to misconceptions. In my article for the Hong Kong Economic Journal, I provide a more detailed explanation to clarify various rumours! #HongKongEconomicJournal #HKEJ #AssetInheritance #WealthManagement #AssetManagement #FinancialPlanning #InvestmentStrategy #RiskManagement #FinancialFreedom #insurance #finance #WealthManagementManager #AIA #AIAHK #WaveChow 

Debevoise partner Ed Northover, together with international counsel Jan Buschmann and Cameron Sim have authored the Hong Kong chapter of the latest Chambers Insurance & Reinsurance 2024 Global Practice Guide. Read our Hong Kong chapter for more insight on the latest trends and development in this area: https://bit.ly/42Ww90H #Insurance #Reinsurance #Asia

🏝️ Myth: Offshore captive jurisdictions like the Cayman Islands are loosely regulated. Reality: The Cayman Islands are leaders in rigorous standards for captive formations and operations. Their insurance laws and regulations are among the most robust in the world, overseen by the well-respected Cayman Islands Monetary Authority. Considering setting up a captive? Think Cayman. To learn more, watch the full video here: https://lnkd.in/gN4nXTXG #RiskManagement #CaptiveInsurance #BusinessGrowth #CaymanIslands

Lloyd's carrier Newline Group has expanded its operations in Asia by establishing Newline Hong Kong Services. The company has also appointed Carson Choi as head of financial lines. https://lnkd.in/g94tgUEy If you are not a subscriber, take our free trial to read the full article: https://lnkd.in/g23jCVrn #insurance #asia #hongkong #lloyds #peoplemoves

Fool me once, shame on you; fool me twice, shame on me. Being a majority stakeholder but did not know about this critical information? 1. Who decided to omit this vital information and keep the central committee of the National Trades Union Congress (NTUC) in the dark? 2. Why was it omitted? 3. If they have known about it, would they have continued with the deal? 4. If answer to #3, is a no, would it not be a minority stakeholder acting against the interest of its majority stakeholder? 5. If a answer to #3, is a yes, who is safeguarding the public's interest? Let's see how NTUC / NTUC Income will react if Allianz were to come back with a new proposal. If silence is golden, I am sure there are those who have benefited by keeping silent on the capital reduction plan. A few Chinese proverbs/idioms came to mind: 图穷匕首见 (when the map is unrolled, the dagger is seen) 两面三刀 (describes someone who is deceitful or duplicitous, often implying that the person cannot be trusted and may betray or harm others from different angles.)

Amidst the recent public discussions on the Allianz-Income deal, it’s clear that Income holds a special place in the hearts of Singaporeans. I can understand - it’s one of the reasons for why I chose to join Income. Dr Goh Keng Swee was clear even before Income was founded, that the organization had to be FULLY competitive in order to provide affordable insurance. It had to be PROFITABLE as well. This ethos still remains today. While we are in a position of financial strength now, we must secure our competitive position for tomorrow in order to remain relevant to Singaporeans. Dr Goh also spoke of million-dollar co-ops. I believe he would be proud that Income has grown to be valued at over a few billion dollars. With this deal, I believe we can continue our mission to “Do Well to Do Good”. I am proud of what Income has achieved, are you? #teamIncome Income Insurance Limited (Picture from our National Archives)