Insurance Asia

Red flags raised in Singapore's malpractice claims environment
These cases could see increased awards and higher premiums.
Sompo China secures strong solvency amid dividends
In 2024, it paid $8.6m in dividends, representing 80% of its 2023 earnings.
WTW’s net income surges 48% YoY in Q2 2024
Its revenue increased by 5% YoY to $2.3b.
Blue to partner with over 100 brokers in 2 years through new channel
The first product available is the 25-year participating life insurance plan.
AIA's OPAT, EPS set for sub-1% growth in H1 2024
Its VONB is also seen to surge by 21%.
Insured losses to reach $1.08b in CrowdStrike fallout
This is equivalent to about a fifth of the total financial loss of $5.4b.
Bigmotor scandal exposes thousands of fraudulent claims
About 30% of claims investigated in the past 5-8 years were fraudulent.
Fitch sees progress in China's insurance regulations
The industry has begun to embrace the IFRS 17 standards.
How modular construction and project cargo insurance are connected
The modular construction market size is estimated at $64b in 2024.
Asian insurance rates suffer in Q2 amidst rising competition
All lines of business witnessed declines during the period.
United Overseas Insurance Profits Rise 14.9% YoY in H1 2024 
Thanks to a surge in its dividend income on a year-on-year basis.
Income Insurance keeps affordable insurance offerings post-deal: NTUC Enterprise
It will still participate in national insurance programmes with the CPF Board.
Generali Thailand commits to sustainability with new HQ
This move includes both its life and general insurance arms.
AIA Singapore gifts free coverage for national day
It plans to provide six months of complimentary insurance coverage.
Allianz Partners Expands SIA Insurance Offer in Australia
Passengers can purchase insurance during the booking process.

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Exclusives

Exclusives

Chubb Life Indonesia taps non-traditional channel partners to reach more customers
It will collaborate with non-traditional channels such as fintech, e-commerce platforms, and insurtech start-ups.
Insurance CEO on mounting regulatory challenges for APAC insurers
Guy Carpenter’s Tony Gallagher said adopting a multi-faceted approach is key to navigating the ever-evolving IFRS 17 requirements.
Insurance Income Insurance targets to fill billion-dollar financing gap in climate transition
The region skimmed its carbon intensity by 2.8%, far below the 17.2% needed.
Insurance FundPark, HKECIC bare pioneering effort for insured growth for Hong Kong SMEs
Their partnership integrated data analytics and credit insurance to aid and protect small-scale business operations.
Insurance Expert debunks misconceptions impacting cyber insurance investment
A Forrester report found that only a quarter of firms possess standalone policies.
Insurance Allianz Lanka’s new CEO shares 5 strategies for insurers to drive growth
The market is expected to climb at a CAGR of 8% which insurers need to take advantage of.
Insurance APAC insurance risk officers confront these 3 top concerns head-on
Discover how 2 insurance leaders tackle conduct risk, cybersecurity, and business model evolution.

Top News

Red flags raised in Singapore's malpractice claims environment
These cases could see increased awards and higher premiums.
Sompo China secures strong solvency amid dividends
In 2024, it paid $8.6m in dividends, representing 80% of its 2023 earnings.
WTW’s net income surges 48% YoY in Q2 2024
Its revenue increased by 5% YoY to $2.3b.
Blue to partner with over 100 brokers in 2 years through new channel
The first product available is the 25-year participating life insurance plan.
AIA's OPAT, EPS set for sub-1% growth in H1 2024
Its VONB is also seen to surge by 21%.
Insured losses to reach $1.08b in CrowdStrike fallout
This is equivalent to about a fifth of the total financial loss of $5.4b.
Bigmotor scandal exposes thousands of fraudulent claims
About 30% of claims investigated in the past 5-8 years were fraudulent.
Fitch sees progress in China's insurance regulations
The industry has begun to embrace the IFRS 17 standards.
How modular construction and project cargo insurance are connected
The modular construction market size is estimated at $64b in 2024.
Asian insurance rates suffer in Q2 amidst rising competition
All lines of business witnessed declines during the period.
United Overseas Insurance Profits Rise 14.9% YoY in H1 2024 
Thanks to a surge in its dividend income on a year-on-year basis.
Income Insurance keeps affordable insurance offerings post-deal: NTUC Enterprise
It will still participate in national insurance programmes with the CPF Board.
Generali Thailand commits to sustainability with new HQ
This move includes both its life and general insurance arms.
AIA Singapore gifts free coverage for national day
It plans to provide six months of complimentary insurance coverage.
Allianz Partners Expands SIA Insurance Offer in Australia
Passengers can purchase insurance during the booking process.

Exclusives

Chubb Life Indonesia taps non-traditional channel partners to reach more customers
It will collaborate with non-traditional channels such as fintech, e-commerce platforms, and insurtech start-ups.
Insurance CEO on mounting regulatory challenges for APAC insurers
Guy Carpenter’s Tony Gallagher said adopting a multi-faceted approach is key to navigating the ever-evolving IFRS 17 requirements.
Insurance Income Insurance targets to fill billion-dollar financing gap in climate transition
The region skimmed its carbon intensity by 2.8%, far below the 17.2% needed.
Insurance FundPark, HKECIC bare pioneering effort for insured growth for Hong Kong SMEs
Their partnership integrated data analytics and credit insurance to aid and protect small-scale business operations.
Insurance Expert debunks misconceptions impacting cyber insurance investment
A Forrester report found that only a quarter of firms possess standalone policies.
Insurance Allianz Lanka’s new CEO shares 5 strategies for insurers to drive growth
The market is expected to climb at a CAGR of 8% which insurers need to take advantage of.
Insurance APAC insurance risk officers confront these 3 top concerns head-on
Discover how 2 insurance leaders tackle conduct risk, cybersecurity, and business model evolution.

Join the Insurance Asia community