Insurance
South Korea allows life policyholders to tap death benefits for retirement
South Korea allows life policyholders to tap death benefits for retirement
The option will be available only to policyholders aged 55 and above.
Ping An Insurance posts 11.5% profit rise in 9M 2025
Ping An’s total retail customers increased to nearly 250 million.
Mitsui Sumitomo Insurance names Eric Schaap to lead broker ties
Schaap will report to Keisuke Ema.
PNB sells 10% stake in Canara HSBC Life
The divestment involved the sale of 9.5 crore shares.
McKinsey finds insurers lagging peers miss out on AI-led gains
AI has led to 10% to 20% improvement in new-agent success.
Insurance advisory market to reach $20.4b by 2029
SMEs are a major growth driver, the report says.
WTW launches Captive Fit to optimise captive risk management
It is designed to manage reserve, premium, and investment risks.
Variable life insurance set to hit $149.7b market size by 2034
Asia-Pacific had the largest share in 2024.
Insurance industry eyes automation to control rising expenses: CB Insights
This could help slow premium increases and make coverage more accessible.
Asia-Pacific disability insurance market to grow 13.5% yearly
It will likely be driven by rising awareness of income protection products.
China’s non-motor insurers to gain from tighter commission rules
However, the move is expected to slow premium growth amongst small insurers.
Hong Kong life insurers’ revenue climbs 33.7% YoY in H1 2025
Total claims and benefits paid during the period stood at $25b.
CTF Life expands hospital network with 3 major Hong Kong partners
The hospital joined CTF Life’s PrimeChamp Doctor Network.
AXA Tianping Property & Casualty Insurance to return to profit by 2026
Gross premiums written are forecast to grow by 7% to 10% yearly through 2027.
MoneyHero boosts insurance reach with WhatsApp SaverBot
MoneyHero plans to expand its conversational AI to travel insurance.
BOCG Insurance expected to sustain strong growth and capital base
But it noted that its large holdings in associated companies add some risk.
Sompo and Collinson extend travel delay service across Asia
The service allows travellers to access over 1,800 airport lounges.
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1. Remote job demand in Singapore insurance rises 15.3% 2. India insurance market sees moderating premium growth: Report 3. Tokio Marine Life, RHB launch guaranteed-acceptance plan for seniors 4. Manulife to sell MVI Life to Japan’s Asahi Life 5. Hong Kong reinsurers to absorb significant claims from Wang Fuk Court fireResource Center
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AI isn’t replacing insurance, it’s finally making it work