Insurance
Insurance BPO market to grow 5.4% annually through 2034
Insurance BPO market to grow 5.4% annually through 2034
In 2024, claims processing accounted for over 30% of total market revenue.
China insurers to invest $14b in equities by 2025
If based on 2024 data estimated total fund allocation could reach $57b.
This week in insurance: Philippine deposit insurance rises, ICA calls for flood defence fund, solar storms to bring trillion-dollar loss
Vietnam also aims to amend the law on deposit insurance.
Singapore moms juggle family tasks and money matters
Their finances have improved relative to when their mothers were their age.
Investment firms need stronger risk-insurance alignment in 2025: WTW
Understanding how policies respond to different scenarios is key to effective risk management.
Manulife’s AI-investments to deliver threefold ROI by 2027
The company realised over $600m in benefits in digitalisation efforts last year.
Microinsurance expands to cover 344m globally in 2024
The Philippines was amongst the top countries with a high penetration rate.
NorthStandard reels in new head of Sustainability
She joins from Fintel plc.
Miller forms new M&A, strategic solutions team
They will operate within Miller’s Professional & Financial Risks business.
ICICI Lombard General’s capitalisation steady in the medium term
The company is expected to enhance its underwriting risk selection.
Health insurance market to reach $5t by 2032
In India alone, an estimated 1.5 million new cancer cases were reported in 2022.
FMG Insurance Limited's pricing strategy to boost stable operations
However, its financial flexibility is limited.
Liberty Mutual's net income hits $4.4b in FY 2024
For the year, revenue increased by 1.6% YoY to $50.2b.
Singlife’s new endowment plan allows add-on savings
The plan guarantees 100% capital protection at maturity.
Smartpay, Chubb launch embedded insurance in Japan
Cashless payments account for 50% of consumer monthly spending in Japan.
New Zealand life insurance registers 2%-5% average growth
Claims accepted are at their highest level since 2020
Vietnam proposes updates to deposit insurance law
It aims to strengthen the role of the Deposit Insurance of Vietnam.
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1. HDI Global Japan eyes commercial insurance growth as cyber-risk threats evolve 2. Howden’s Shweta Swaroop pushes pay data transparency in insurance 3. FWD reshuffles leadership as CFO successor named 4. Turning points: How a career choice shaped Singlife’s Chin Wei Lin 5. How will the Middle East war drive cyber insurance demand?Resource Center
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Speakers from Kasikornbank, KPMG Thailand, Systemweb Technology, and Simon-Kucher will share their insights on the industry’s latest trends and challenges.
Commentary
For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness