In Focus
Capital pressures linger as insurers adopt new accounting rule in South Korea
IFRS 17 adoption is seen to improve insight into margins and reserves, increase motivation for long-term profitability, and better global comparability for insurers.
3 days ago
Capital pressures linger as insurers adopt new accounting rule in South Korea
IFRS 17 adoption is seen to improve insight into margins and reserves, increase motivation for long-term profitability, and better global comparability for insurers.
3 days ago
Nature’s wrath pushes insurers to reshape risk adaptability
Experts shared the reality of cost-efficiency whilst minimising the protection gap.
SG’s property insurance to stay afloat in 2023 – GlobalData
Disciplined underwriting and well-diversified portfolios will support profitability, an analyst said.
Cover Genius redefines insurance with embedded protection technology
The insurtech eyes expansion in Asia, leveraging on the symbiotic relationship of digital and traditional insurance to tailor policies for diverse markets.
South Korea’s life insurance industry to exceed $190b by 2027: GlobalData
One of the driving factors is South Korea’s shrinking ageing population.
Great Eastern bridges sustainability and insurance through portfolio integration
The Singaporean insurer emphasised the role that sustainability compliance plays amongst insurers even as green investments face a supply-demand issue.
Ciputra Life goes beyond its captive market by addressing customer pain points
Its customer-centric approach results in 60% non-captive customers
Qoala on a tech-driven mission to insure more Malaysians
Its online platform promotes financial literacy and strategic partnerships, aligned with the government’s insurance agenda.
Life insurance sector in Malaysia to exceed $15.9b by 2027 – GlobalData
For 2023, life insurance in Malaysia is forecasted to grow 2.4%.
About six of 10 financial leaders expect revenue to jump 10% in three years
64% of consumers trust established banks for insurance purchases.
Global M&A landslides in H1 2023, APAC falls 9%
Insurer M&A downfall will not stay long, the firm said.
InsurTech funding down 34% in Q2: Gallagher Re
Seven APAC markets were included in the report, which received an estimated $359m in funding.
Asia’s insurance pricing ‘flat’, cyber coverage demand rise in Q2
Globally, insurance pricing went up 3%.
Tune Protect leads the way in cloud-powered insurance services
Tune Protect’s Prasanta Roy tackles digitalisation and overcoming regulatory challenges for efficient, scalable, and secure services at 2023 Insurance Asia Forum.
Philippine non-life insurance outlook turns sour: AM Best
The negative outlook was attributed to the heightened negative pressure on the balance sheet and operating performance of counterparts.
Less than half of global losses due to calamities insured
There were indications of a shift toward an El Niño-like pattern in Asia.
FWD Insurance Indonesia provides customer-friendly flagship product
Through innovative approaches, this insurance company achieved a net premium of IDR1.88t (US$124.7m) in 2022.
Most Read
1. Singlife inks deal with AIC, Homage for long-term care 2. Singlife’s rebranded investment platform allies with BlackRock to produce tri-offering 3. New framework catapults Singapore’s insurance sector resilience: S&P Global Ratings 4. Capital pressures linger as insurers adopt new accounting rule in South Korea 5. Bupa names Fiona Harris as new managing director in Hong KongResource Center
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Moody’s RMS assembles cyber insurance steering group
![Moody’s RMS assembles cyber insurance steering group]()
Insurance
It includes industry giants such as Munich Re and Gallagher Re.
It includes industry giants such as Munich Re and Gallagher Re.
