Insurance
Philippines life insurance rises whilst non-life declines in Q4 2024
Philippines life insurance rises whilst non-life declines in Q4 2024
Both sector’s total assets grew YoY.
China's insurance market sees rate decreases in Q4 2024
Mainly to retain business and secure program participation.
MS&AD net income doubles to $4.13b in 9M 2024
Thanks to higher ordinary profit, which surged 113.4% YoY.
Why a third of Singaporean SMEs don’t use cyber insurance
Amongst those without coverage, half considered purchasing a policy.
Sompo Holdings segregates business into two global divisions
Additionally, key leadership appointments have been made.
MS Amlin posts 7% net income rise to £103m in 9M 2024
Net premium earned nearly tripled during the period.
Fear, literacy gaps, and costs slow insurers' digital shift
Insurers cite job fears, digital illiteracy, and high costs as barriers.
FWD Group Expands board with three new directors
The board now has 13 members.
Aon elects new APAC CEO
She succeeds Anne Corona, who has taken a new leadership role within Aon.
Sompo’s 9M 2024 net income jumps 17.7% YoY
Thanks to higher underwriting income.
Sun Life aims to expand retirement plans amidst under-preparedness
17% have no retirement plan at all.
Generali, YAS launch tech-driven insurance for travellers
The product adjusts coverage up to 20 times based on travellers' spending.
Hong Kong SMEs pivot back to offline insurance channels
SMEs have scaled back cyber protection measures, with fewer investing in security solutions.
Wealthy Chinese use insurance for legacy-planning
Majority said that designating beneficiaries through insurance may prevent inheritance disputes
FWD Hong Kong’s new business APE up 53% in 9M 2024
All of its sales channels saw double-digit growth.
Embedded finance transforms retail with seamless transactions, partnerships
Integration boosts retail convenience but raises security challenges.
UOI proposes $8.9m final and special dividends for FY2024
If approved, the dividends will be paid on 16 May.
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1. Hong Kong regulator guts insurance referral fees with 50% cap 2. Can China’s $140b motor insurance market survive a 70% loss ratio? 3. PNB MetLife launches dividend fund linked to insurance 4. Taiwan life insurers face rising risk in $32b FX mismatch 5. India set to outpace China, US in premiums by 2030Resource Center
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
