Insurance

Insurers say India’s medical costs to climb 12.5% this year

Indonesia's average claims loss ratio reached 105.7% in Q1 2024.

Asahi Life's core profit jumps 67.7% in H1 2024

Asahi Life plans to enhance profits in protection-type products.

CTF Life secures exclusive insurance partnership with Kai Tak Sports Park

The insurer will help bring international events to Hong Kong.

Insurers see Hong Kong’s medical cost increase 9.8% in 2025

Insurers in Hong Kong report a return to pre-pandemic levels of outpatient claims.

NRIC numbers invalid for key insurance transactions

Reviews regarding the use of NRIC may result in changes to existing processes.

Nippon’s H1 2024 core profit surges 36% despite premiums decline

New annualised premiums for individual and annuity insurance fell by 1.8% YoY.

Commercial insurance set to grow at 7.5% CAGR by 2032

Asia Pacific led the market with a share of over 23% in 2023.

QBE's gross written premiums rise 1.5% to $17.6b in 9M 2024

Strategic portfolio exits have mitigated the impact of catastrophe losses.

Non-life insurers told to upgrade tech to drive growth

It could help the industry ride market trends and mitigate risks.

SME insurance is seen to reach $417b through 2032

Smaller organisations lack the resources and experience to form a separate risk department.

Professional indemnity claims rise by 6% in two years

Marsh India said PI claims range from $20m to $100m.

Suncorp retains stable outlook amidst earnings diversity concerns: S&P

It plans to return $2.5b in excess capital from the bank sale to shareholders in 2025.

2025 salary hikes expected in Singapore's insurance sector

Those in lower-value administrative functions may experience a more modest increase of 10%-15%.

Hong Kong’s insurance sector could see 3% to 4% salary hikes in 2025

Hong Kong is expected to maintain steady hiring activity in 2025 despite sluggish economy.

Canopius taps Olivia Brindle as head of sustainability

She will report to Lindsay Astor, chief of staff and head of strategy.