Insurance
HKIA sets 6% illustration rate cap on HKD policies
HKIA sets 6% illustration rate cap on HKD policies
Caps apply only to internal rate of return used in benefit illustrations at the point of sale.
Myanmar quake shows urgent insurance need in Asia: Howden
Myanmar is considered to have a low insurance penetration rate.
Few Singapore SMEs have cyber insurance
They seek to ward off cyber threats but not through insurance.
BFSI sector leads cyber insurance adoption at 35% to 40% share
This was followed by the technology and IT sector at 30%.
Howden sees January premiums rise 4.5% on higher volumes
Premium growth was driven by increased demand for reinsurance.
Fitch expects Helia Insurance capital buffer sufficient against downturn
The insurer is one of Australia’s largest lenders' mortgage insurance provider.
Malaysia’s healthcare system faces funding, cost challenges
The report also highlighted the key factors contributing to the escalating healthcare costs.
Indonesians tend to delay travel insurance purchase
Four in 10 purchase coverage within zero to four days of departure.
CTF Life earns SBTi approval for its carbon reduction targets
It targets to reduce absolute Scope 1 and 2 GHG emissions by 37.8% by 2029.
Vietnam’s life insurance sector slated for dip this 2025
This follows consecutive contractions of 12% in 2023 and an estimated 5.7% in 2024
This week in insurance: Singapore's insurance sector sees market growth
The general insurance sector’s gross written premiums climb 6.3% YoY to $8.1b.
Pru Life UK’s NBAPE bags $167m
Total premium income rose to $819.4m.
Insurance maintains consumer trust amidst global digital decline: Thales
22% of consumers said personal data had been compromised in the past year.
Kita boosts underwriting capacity with $24m for carbon risks
It expanded its product offerings to include four insurance policies in the past four years.
LIA Singapore appoints Wong as president with new 2025 goals
She succeeds Dennis Tan.
Allianz Life Malaysia unveils life and health insurance plan for SMEs
It includes group hospitalisation and surgical coverage.
Maybank Ageas core insurance entities expected to remain stable
Fitch notes MAHB’s exposure to Malaysian sovereign investments, but manageable.
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1. HDI Global Japan eyes commercial insurance growth as cyber-risk threats evolve 2. Howden’s Shweta Swaroop pushes pay data transparency in insurance 3. FWD reshuffles leadership as CFO successor named 4. Turning points: How a career choice shaped Singlife’s Chin Wei Lin 5. How will the Middle East war drive cyber insurance demand?Resource Center
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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