ZA Insure launches flagship products after securing HK insurer license

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Digital insurance firm ZA Insure has announced the launch its flagship products in Hong Kong after securing a digital-only insurer license from the Hong Kong Insurance Authority.

In a statement, the insurer said that its three new products – “ZA Life Protection,” “ZA Cancer Protection,” and “ZA Heart Attack & Stroke Protection” – cater to “consumers’ essential needs for life and critical illness protection, with superior features that stay true to ZA’s philosophy ‘Be Different, Together.’”

Read more: ZhongAn, Grab join forces for SE Asia digital insurance marketplace

“With affordability being one of the key appeals, the products aim to

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Aviva announces new chairman | Insurance Business

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Aviva plc has today announced the appointment of George Culmer to the position of non-executive chairman. This placement, which will come into effect from May 27, following the Aviva AGM, will see Culmer succeed Sir Adrian Montague, who will retire from the board on May 31.

Culmer first joined Aviva as a non-executive director in September 2019 and has served as Aviva’s senior independent non-executive director since January 2020. He is also a non-executive director of Rolls Royce Holdings Plc. Culmer has held a variety of leadership positions in insurance and broader financial services roles including previously serving as the

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Prolonged recession likely due to COVID-19, finds WEF survey

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Risk managers predict that a prolonged global recession due to the coronavirus pandemic is likely coming our way, according to “COVID-19 Risks Outlook: A Preliminary Mapping and Its Implications,” a survey published by the World Economic Forum (WEF) in partnership with Marsh & McLennan and Zurich Insurance Group.

The nearly 350 respondents listed the economic fallout from COVID-19 as one of their top concerns. The repercussions include a recession, weakening in the fiscal position of key economies, stricter restrictions on the cross-border movement of goods and people, and the collapse of a major emerging market. Fifty per cent of risk

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Singapore insurers receive thousands of applications to defer premiums

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Almost two months after the Singapore government released guidelines for the deferral of insurance premium payments for those impacted financially by the COVID-19 pandemic, thousands of policyholders have filed their applications.

According to a report by CNA, many individuals and businesses in Singapore have felt the financial crunch after the government implemented its ‘Circuit Breaker’ measures to stem the spread of the virus. This led to some surrendering policies and others applying to defer premiums, just to make ends meet.

The report said that AIA has received more than 6,100 applications to defer premiums payments. Great Eastern has received around

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