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How will New Zealand’s life insurance sector perform in 2025?
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.
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.
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Commentary
For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness