Insurance
Insurance industry faces limited payouts amidst 2024 economic losses
Insurance industry faces limited payouts amidst 2024 economic losses
Storm frequency resulted in approximately 1,200 fatalities.
QBE Insurance reports 7% YoY GWP growth in Q1 2025
Between January and April, catastrophe claims cost QBE approximately $420m.
Zurich, ShopeePay launch Shariah-compliant travel takaful plan
The takaful plan provides up to RM300,000.
Shriram General Insurance sees 13% profit growth in FY 2025
For the full year, policy issuance rose 3%.
From traditional brokers to tech-led platforms: How B2B insurance is changing in Singapore
B2B insurance has traditionally relied on one thing above all: trusted human advice
Japan’s long-term care insurers face pressure from staff shortage
55.2% of home care operators reported a year-on-year revenue decline.
Sun Life Financial posts $1.1b in Q1 2025 underlying net income
The quarter’s performance was also driven by Asia’s performance.
Renewable energy insurance to bag $28b by 2034
This reflects a compound annual growth rate (CAGR) of 4.22%.
Taiwan insurers expand FX reserves after dollar appreciation: AM Best
70% of Taiwanese life insurers’ portfolios were allocated to foreign investments.
China’s capital charge cut to spur insurers’ equity investment
State Council Information Office announced a 10% reduction in the capital charge.
Global Asia Insurance Partnership appoints Cheng as CEO
She has over 20 years of experience in the sector.
New Zealand insurance market to hit $9.6b GWP by 2029
The market is forecast to expand by 10.3% this year.
Grandtag opens larger Singapore office to support regional growth
The broker’s new office is estimated to be 40% bigger than the previous location.
Tokio Marine aids ADB lending by joining $2.75b credit programme
ADB intends to quadruple private sector investment, financing by 2030.
Zurich’s APAC segment sees P&C climb 6% in Q1 2025
Globally, life business also posted significant gains.
FWD Singapore, IPP eye Gen Zers amidst wealth influx
Assets are being passed down through families from one generation to the next.
This week in insurance: HK’s first children’s CI coverage, Singapore hobbyists covered, Mental health claims rise in India
Markel Insurance also unveiled a Clinical Trials insurance product.
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Jul
07
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CEO Phlaphongphanich said the industry is measuring the wrong things.
