This week in insurance: Cathay platform launches, Vietnam payouts issued, Tokio Marine sets 2035 vision

Shriram General Insurance also plans to expand cover in smaller towns.

The insurance market from 25 to 29 May saw a wave of digital platform launches, strategic partnerships to expand coverage access, climate-risk payouts, and long-term growth plans aimed at strengthening global market presence.

Cathay launched an insurance platform offering members access to travel, health, home, motor, and personal accident coverage from insurance partners whilst allowing eligible purchases to earn Asia Miles.

The platform brings together insurance products in a single digital portal where members can browse and purchase coverage, Cathay said in a media release.

The company said members purchasing through the platform can also access support for policy management and claims.

Willis, part of WTW, and Global Parametrics have confirmed that payouts from a parametric insurance policy have been made to coffee farmers in Vietnam’s Central Highlands after heavy rainfall during the 2025 to 2026 growing season caused crop losses.

The payouts followed the activation of a high-rainfall policy with Bao Minh Insurance Corporation in late 2025.

Shriram General Insurance (SGI) has partnered with Piramal Finance to improve access to insurance solutions, particularly across semi-urban and rural markets.

SGI will use Piramal Finance’s extensive branch network and customer outreach to offer its range of insurance products across 701 branches of Piramal Finance spanning 26 states and over 13,000 pin codes.

Tokio Marine Holdings plans to transition from a traditional insurer into a broader solutions partner over the next decade.

In a statement, the company launched a new ten-year strategic vision, titled "Aspiration 2035," mapping out the insurance group's long-term plan to double its net income and expand its global market presence. 

The plan, announced by President and Group CEO Masahiro Koike, outlines the company's financial targets, which aims to more than double its adjusted net income to over $10.7b (JPY1.7t) by 2035, up from its 2025 baseline of $5.6b (JPY881.5b).