MSIG to launch pay-as-you-drive insurance model in Thailand

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Prakan Kubdee calculates premiums from real driving behaviour. It uses a device attached to the vehicle’s on-board diagnostic (OBD) port, which captures more in-depth data than smartphone-based applications. 

MSIG cited data that shows up to 60% of drivers have never been in an accident, and have a good driving record, but they end up paying the same premiums as riskier drivers. With Prakan Kubdee, MSIG said customers can save up to 50% on their motor insurance premiums, as well as receive 24-hour customer support.

“For this product, customers’ real time driving behaviour is measured using MSIG Car Informatics equipment, which

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Swiss Re Corporate Solutions introduces new global head of casualty

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Swiss Re Corporate Solutions has appointed Andrew Dougall to the role of global head casualty.

In his new leadership role, Dougall will be responsible for driving the success and profitability of the company’s bespoke casualty portfolio globally. He will work with a global team of underwriting experts, as well as the regional casualty leads to maintain underwriting standards and ensure management and liability coverages meet the needs of Swiss Re’s corporate customers.

On top of his role as global head of casualty, Dougall will also take on the role of head of casualty & FinPro (financial & professional liability) for

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Argo Group delivers full-year financial results

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Property & casualty underwriter Argo Group International Holdings, Ltd. has reported losses both in the fourth quarter and full year 2020, following the company’s poor showing in 2019.

According to the Bermuda-headquartered insurance group’s latest set of financial results, here’s how Argo performed in the past two years:



Metric

Q4 2020

Q4 2019

FY 2020

FY 2019

Underwriting loss

US$46.8 million

US$113.6 million

US$109.6 million

US$157 million

Operating loss

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Manulife Hong Kong’s 2020 earnings up 10% despite turbulent year

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Annualised premium equivalent (APE) sales totalled HK$6.0 billion in 2020, down 10% from 2019, and HK$1.5 billion in the fourth quarter 2020, down 15% year-on-year. Meanwhile, new business value was at HK$3.6 billion in 2020, down 14% from 2019, and HK$1.0 billion in the fourth quarter, down 15%.

“We delivered record-level core earnings in both reporting periods. Faced with an enormous, year-long challenge, this is a true reflection of resilience of our team and the strength of the Manulife Hong Kong franchise,” said Damien Green (pictured centre, with his executive team), Manulife Hong Kong and Macau CEO. “Over the year

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