Insurance
Budget Direct unveils new commercial vehicle cover
Budget Direct unveils new commercial vehicle cover
Customers can opt for the benefit of vehicle repairs at their preferred location.
Global insured losses peak third highest since 1980
Not even half of the total losses were insured.
Global reinsurers set to keep profits high in 2025
This is forecast to happen despite lower rates in the January renewals.
Insurance operations complicated by foreign investment decline
The decline is mainly due to geopolitical tensions, COVID-19, and Russia-Ukraine war.
China cracks down on 300 insurance fraud rings
Over 40 operations have led to investigations into 1,400 cases since April 2024.
Vietnam's life insurance goals may miss 2025 targets
The government had set goals for 15% of the population to hold life insurance.
Insurtech market forecasted at 42% CAGR by 2028
The marketing and distribution segment is expected to see substantial growth.
Pru Life UK, AAIIBP boost Islamic finance
It also partnered with Al Amanah Islamic Investment Bank to promote Islamic finance.
SBI Life Insurance 9M 2024 profit catapults 48% YoY
Annualised premium equivalent also jumped by 11% YoY.
HSBC Life records 19.5% share in industry premiums for 9M 2024
The CEO attributed the growth to its HNW business.
FWD HK, Bank SinoPac ink deal on bancassurance for HNW market
The partnership aims to enhance wealth growth and legacy planning.
APAC home insurance market to hit $82.4b by 2032
Globally, home insurance is seen to reach a CAGR of 7.3%.
MSIG Asia targets 15% CAGR in profit growth
The insurer also signalled that Asia-Pacific has the most growth potential.
ANZ firms boost cybersecurity budgets despite layoffs
Cost pressures have led 25% of organisations to reduce IT and security staff.
IRDAI reforms focus on modernising insurance oversight
The Regulatory Sandbox framework has also been updated.
Singapore's life insurers eye growth in 2025
The push for innovative healthcare solutions amidst medical inflation is a challenge.
Hong Kong insurance premiums surge 12.2% in 9M 2024
The period already shows signs of a rebound from the 1.1% fall in 2023.
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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