GlobalData
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See below for the Latest GlobalData News, Analysis, Profit Results, Share Price Information, and Commentary.
South Korea’s life insurance industry to exceed $190b by 2027: GlobalData
South Korea’s life insurance industry to exceed $190b by 2027: GlobalData
One of the driving factors is South Korea’s shrinking ageing population.
Life insurance sector in Malaysia to exceed $15.9b by 2027 – GlobalData
For 2023, life insurance in Malaysia is forecasted to grow 2.4%.
Indian life insurance industry to reach $170b in four years: Global Data
This will be bolstered by favourable regulatory policies and more.
Singapore’s property insurance to earn S$1.1b in 2023
On a year-on-year basis, its gross written premiums would grow by 7.6%.
S.Korea insurance industry to see 4.7% jump in GWP in 2027
This is due to a regulatory proposal to deregulate digital insurance innovations.
Motor insurance growth slows down in Singapore
Higher taxes led to lower car sales in August.
Agencies, bancassurance takes largest slice for life insurance distribution in China
They account for 60.1% and 30% of the share in new business DWP in 2021.
How GBA after-sales service centres will affect Hong Kong insurance
GlobalData’s Sravani Ampabathina believes that the centres will boost health and motor insurance sales.
Automobile sales recovery to boost China’s general insurance market
The market is expected to grow at CAGR of 7.2%.
South Korea reinsurance industry to reach $11.9b in 2026
Climate change and regulatory developments continue to be their drivers.
Japanese insurers to face stagnant growth in the next five years
Sluggish sales of term life and savings products are slowing down the industry.
Life, pension segment boosts growth for Malaysia’s insurance industry
The industry is predicted to grow at a CAGR of 8.4% until 2026.
Frequency of nat cat events to drive demand in commercial insurance in Japan
The general insurance industry in the country is growing at a CAGR of 3%.
Marine, aviation, and transit insurance in APAC to balloon to $16b by 2026
It is estimated to grow at a CAGR of 6.4%.
Nat cat will to hurt Australian property insurers profit margin: analyst
Increasing claims have pushed property insurers' loss ratio to 84.6%.
Thailand’s life and health insurance industry to surge to $36.1b in 2026
The industry is growing at a CAGR 4.7%.
India’s life insurance industry experiencing post pandemic growth: analyst
It is set to grow to $150.6b in 2026.
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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