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Vietnam’s life insurance sector slated for dip this 2025
Vietnam’s life insurance sector slated for dip this 2025
This follows consecutive contractions of 12% in 2023 and an estimated 5.7% in 2024
2 days ago
Cyber insurance expansion challenged by exposure limits
Industry insiders cited risk assessment as the biggest concern.
A fourth of the insurance industry lacks AI-experienced talent
Other concerns include a lack of customer understanding.
South Korea’s life insurance market to bag $158b through 2029
The industry is projected to recover in 2024 after a decline in 2023.
Chinese consumers most receptive to AI-driven premiums
Australians were the least receptive.
Singapore’s personal accident, health insurance market to exceed $8b by 2029
PA&H insurance is forecast to rise 8.9% in 2024.
Australia's general insurance sector set to hit $96b by 2029
The market is seen to reach $67.4b next year.
Singapore’s general insurance industry to grow 6.2% CAGR by 2029
The industry is expected to expand by 8.0% in 2024.
South Korea's insurance industry to reach $191.2b in 2029 with 3.4% CAGR
The life insurance and pension segment accounted for 84% of premiums in 2024.
Japan's Property Insurance to Hit $27b by 2028
However, a recovery is anticipated in 2024.
South Korea’s general insurance sector to hit $33.3b by 2029
Liability insurance, the second-largest segment, is expected to expand by 12.2% in 2024.
Singapore’s life insurance slated for $43b premiums in 2029
Due to the ageing population, health awareness, and consumer spending.
Insurance sector sees surge in patent filings for data analytics to 1,978
There are over 13,750 patents filed to date.
Taiwan's general insurance to grow 6.8% annually to 2028
The industry is forecast to grow by 9% in 2024.
Japan’s general insurance sector slated for$94b by 2028
The industry is seen to grow 1.7% in 2024.
Japan’s life insurance slated for 4.7% CAGR through 2029
The industry is forecasted to expand by 6.8% in 2024.
Malaysia’s life insurance market to hit $17.2b by 2028
Endowment insurance is projected to represent 77.3% of total DWP.
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1. LIA Singapore appoints Wong as president with new 2025 goals 2. Vietnam’s life insurance sector slated for dip this 2025 3. Prudential Singapore launches Wealth Suite for high net worth clients 4. Singapore launches online tool for health insurance planning 5. BFSI sector leads cyber insurance adoption at 35% to 40% shareResource Center
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