Insurance
Hong Kong insurers settle 85% of Wang Fuk Court fire claims worth $66.3m
Hong Kong insurers settle 85% of Wang Fuk Court fire claims worth $66.3m
IA confirms 1,032 claims closed but inspections stall final 156 cases.
Aon names Karl Hamann as Philippines CEO
Veteran regional executive to lead integrated risk strategy in Manila.
Bharti AXA, Equitas SFB partner to push rural life cover in India
Tie-up spans 1,042 outlets across 18 states to grow rural protection sales.
ICICI rolls out Aon’s PathWise to tackle stricter capital rules
Firm consolidates actuarial tools to meet regulatory and performance demands.
Marsh’s net income inches up 2.5% in 2025
Insurance unit drives 12% revenue growth whilst consulting lags at 7%.
Only 33% of retirees expect savings to last a decade: Axis Max Life
Even amongst those with health insurance 67% fear financial shortfall.
APAC insurers slump to 23% confidence in complex asset tools
Only 42% of regional executives rate their current systems as excellent for data integration.
Beazley valued at $11b as Zurich agrees offer terms
Cash proposal would pay 1,335p per share if the full dividend is included.
GIFT City draws reinsurers as India offers 10-year tax holiday
The zone also provides exemptions on capital gains to attract offshore insurance capital.
SBI Life profit climbs 4% to $18.3b in December period
New business premium rose to ₹31,326 crore from ₹26,256 crore in the same quarter last year.
Philippines, Mongolia deposit insurers sign pact for bank resolution
It includes cooperation on receivership liquidation risk management and premium assessment.
Sri Lanka crop cover expands as drought floods and elephants hit
Losses linked to weather and environmental shocks are weighing on farm incomes.
Aon net income jumps to $3.7b in 2025
Diluted earnings increased to $17.02 per share from $12.35 a year earlier.
Prudential’s premiums could snatch $13b by 2026: Morningstar
Net earned premiums are projected to grow about 10% annually from $11.4b in 2025.
Seven in 10 Asians forced to work past retirement: Sun Life
Nearly two-thirds of those working late cite the urgent need for daily expense income.
Insurers lag on AI as only 7% call themselves transformative
IDC says adoption is accelerating yet data maturity and governance still trail business demands.
Hong Kong finance regulators tighten disclosure rules to police transition plans
The roadmap targets assurance and transition plan quality plus expanded tech use.
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For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness