Insurance
Asia-Pacific leads in marine insurance market share with 28%
Asia-Pacific leads in marine insurance market share with 28%
Thanks to expanding manufacturing sector and increasing maritime trade.
Sri Lankan general insurers underwriting profit will improve: Fitch Ratings
Profitability in motor insurance remains under pressure.
Min Xin Insurance seen to maintain strong capitalisation
It’s balance sheet strength is supported by its risk-adjusted capitalisation.
Singapore’s personal accident, health insurance market to exceed $8b by 2029
PA&H insurance is forecast to rise 8.9% in 2024.
Indonesia sees abundant reinsurance capacity from domestic, overseas insurers: Gallagher Re
Accounts that were free of catastrophe losses in 2023 and 2024 saw risk-adjusted rate reductions.
China’s premiums grow sixfold amidst new energy vehicle adoption
But higher claims frequency and repairs challenge profit for some insurers.
Losses from large fire, Typhoon Yagi hit China's proportional treaty results
Loss-free treaties benefitted from notable risk-adjusted reductions, Gallagher Re said.
Kotak Life launches AI-powered HR assistant
Its chief human resources said it aims to modernise HR services.
Abundant reinsurance capital eases costs for ANZ property risks: Gallagher Re
Reinsurer quotations were closely aligned with fewer outliers compared to previous years.
Taiwan adds 30 services to National Health Insurance benefits
These updates will benefit about 66,000 people annually.
India’s Union Cabinet extends crop insurance schemes
It has a total allocation of ₹69,515.71 crore.
Japan P&I shows stable investment income: AM Best
Despite potential for volatility from large claims, the insurer maintains flexibility.
APAC reinsurance sees rate reductions: Gallagher Re
Pricing also softened in smaller Southeast and North Asian markets.
Japan’s major life insurers snatch 46% YoY profit surge
Similarly, core business profits also increased by 16.2% YoY.
Health insurance sector set for 8% annual growth
APAC is forecast to grow at the highest CAGR, fueled by chronic disease prevalence.
Munich Re taps new CEO for Beijing operations
He will succeed Steven Chang who will retire in March.
Nissay set for growth with $8.2b acquisition: AM Best
Nissay plans to integrate MLC with Resolution Life Australia after the deal.
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AI isn’t replacing insurance, it’s finally making it work