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Air India crash raises pressure on global aviation reinsurers
Air India crash raises pressure on global aviation reinsurers
Claims from this single event could potentially exceed the entire annual premium.
South Korea’s motor insurance grows 2.4% in 2025 with rate hikes
Motor insurance remains the largest segment in the general insurance industry.
Foreign reinsurers raise India market share to 49% in FY 2024
According to GlobalData, this share is expected to surpass 50% in 2025.
Vietnam general insurance market to grow 7% annually through 2029
The sector is expected to grow 5.9% year-on-year this 2025.
Indonesia’s PA&H slated for 13.4% CAGR through 2029
Growth in 2025 alone is estimated at 14.2%.
What will drive the reinsurance sector to bag $68b in four years?
In 2023, APAC accounted for 13.3% of global reinsurance premiums.
How will New Zealand’s life insurance sector perform in 2025?
GlobalData expects the market to reach $3.8b in gross written premiums.
Embedded insurance emerges as fastest-growing distribution channel
Nearly a third of professionals favour it over direct-to-consumer models.
What will drive Japan’s insurance sector to surpass $470b by 2029?
Premium increases in life and general insurance will boost the industry this year.
How did top insurers by market cap perform in Q1 2025?
China’s PICC Property and Casualty led gains with a 40.5% rise in market value.
Insurance customers are cautious about AI’s decision-making role
Although, 7 in 10 consumers think AI can significantly reduce waiting times.
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
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.
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CEO Phlaphongphanich said the industry is measuring the wrong things.
