Hong Kong's life insurance industry recorded HK$141.1 billion (US$18 billion) in new policies in the first quarter, a significant increase from the previous year. This marks the third consecutive record-breaking first quarter since the Insurance Authority's establishment in 2016, following Manulife's redomiciliation to the city.
Allianz Group has agreed to acquire HSBC's Singapore life insurance unit for S$2.7 billion ($2.09 billion), expanding its presence in Asia's life and health insurance market. The deal, expected to close in H1 2027, includes a 15-year exclusive distribution partnership with HSBC Singapore.
China Life Insurance, backed by the state, is launching a 5 billion yuan ($737 million) fund to invest in semiconductor companies. This move aims to provide "patient capital" for the strategic industry amid global competition, aligning with national development goals.
China Life Insurance, backed by the State Council, is launching a 5 billion yuan ($737 million) fund to invest in semiconductor companies. This move aligns with China's call for 'patient capital' to support strategic emerging industries amid global competition.
UK insurer Aviva Plc is set to fully own its Indian life insurance venture by acquiring the remaining 26% stake from Dabur Invest Corp. This move follows India's policy change allowing total foreign ownership in the sector, marking the first such deal.
Union Minister Amit Shah announced a new cooperative life insurance company and the expansion of Bharat Taxi to 500 cities. The initiatives aim to strengthen the cooperative sector, a key pillar of India's economy, and contribute to a developed and self-reliant India by 2047.
MetLife (MET) demonstrates strong fundamental momentum with 10% Q1 core premium and fee growth, driven by international and domestic demand. The company is leveraging AI for efficiency gains, targeting 20-25 bps annual margin expansion, and projects nearly 25% EPS growth over the next two years.
Mirae Asset Sharekhan's Somil Mehta recommends Oberoi Realty, HDFC Life Insurance, Blue Star, and Phoenix Mills for June 16, 2026, citing technical breakouts, positive momentum indicators, and strong support levels. Investor wealth surged Rs 18.15 lakh crore as markets rallied on cooling West Asia tensions.
In the first quarter, Taiwanese life insurance policy surrenders reached NT$481.5 billion, a NT$70 billion increase year-on-year, largely attributed to funds moving into the booming stock market driven by AI. Savings accounts also saw shifts, with individuals withdrawing from fixed deposits to invest in stocks, pushing securities deposit balances to record highs.
QR code payment giant PayPay announced its full-scale entry into the life insurance business by acquiring a subsidiary of T&D Holdings. PayPay will invest approximately 130 billion yen to acquire 70% of T&D Financial Life Insurance shares in October 2027.
Mirae Asset Life Insurance (085620) experienced a surge of over 10% in after-hours trading on the 4th. The stock was trading at 21,400 won, up 10.25% from its regular session closing price of 19,410 won, as of 7:39 PM.
Five companies, including Korea Investment Holdings, Taekwang Group, and three major life insurers, have submitted letters of intent for KDB Life Insurance's preliminary bid, exceeding expectations and indicating a competitive sale process.
John Hancock's Vitality program rewards policyholders with points for healthy behaviors like gym visits and healthy food purchases. These points offer perks like gift cards and discounts, aiming to incentivize longer, healthier lives and boost profitability for the insurance company.
Life Insurance Corporation of India has launched two new joint life insurance savings plans: LIC’s New Jeevan Sathi Single Premium and LIC’s New Jeevan Sathi Limited Premium. These non-par, non-market linked plans offer couples financial protection and long-term savings with guaranteed additions and fixed benefits.
A Delhi woman's Rs 20 lakh life insurance claim, denied by India First Life Insurance over alleged non-disclosure of diabetes and kidney disease, was upheld by the State Consumer Commission. The insurer failed to prove deliberate concealment, leading to a ruling in her favor.
Hong Kong's life insurance sales jumped 50.6% to a record high last year, driven by affluent customers using policies for wealth transfer, protection and medical needs. The growth is attributed to the rise of single-family offices in the city, which increased to more than 3,380 as of end-2025. Tax incentives and Hong Kong's lack of estate duty have made it an attractive destination for succession planning.
Bharti Group is in advanced talks to sell up to 85% of its life insurance business to Prudential Plc in a deal valued at ₹7,000-8,000 crore, representing a significant premium over last year's valuation of ₹3,000 crore. The transaction would mark Bharti's complete exit from the life insurance segment while expanding Prudential's presence in India's growing insurance market. Due diligence is underway though key terms remain subject to change.
Mainland Chinese insurers including Ping An, Taikang Life, New China Life, Dajia Life and China Post Life have invested over US$250 million across about 11 Hong Kong IPOs in 2026, reaching 75% of last year's US$333 million total. UBS attributes the surge to China's low rate environment and government push for insurers to become patient capital.
