Insurance
Bupa Hong Kong names new head of health
Bupa Hong Kong names new head of health
He has nearly two decades of experience in the insurance industry.
Etiqa, Maybank launch Singapore's first Takaful in 10 years
The plan combines ethical investment options with flexible wealth accumulation.
OCBC Hong Kong sells 33% stake in Hong Kong Life
Yue Xiu Enterprises (Holdings) bought the stake from the bank.
Cathay Life boosts 9M 2024 net profit to $2.06b
The value of new business (VNB) increased 20% to $740m.
Usage-based insurance market poised to hit $286b by 2032
The Asia-Pacific region is emerging as a key growth driver.
Fukoku Life’s annualised premiums jump 13% YoY in H1 2024
Fukoku Life demonstrated solid growth in 1H24, according to CreditSights.
Asia-Pacific insurers told to start targeting Gen Z
They are less aware about insurance products than Millenials.
Insurers say India’s medical costs to climb 13.2% this year
Meanwhile, 2024 is projected to jump by 12.5%.
See you in 2025!
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Asahi Life's core profit jumps 67.7% in H1 2024
Asahi Life plans to enhance profits in protection-type products.
CTF Life secures exclusive insurance partnership with Kai Tak Sports Park
The insurer will help bring international events to Hong Kong.
Insurers see Hong Kong’s medical cost increase 9.8% in 2025
Insurers in Hong Kong report a return to pre-pandemic levels of outpatient claims.
NRIC numbers invalid for key insurance transactions
Reviews regarding the use of NRIC may result in changes to existing processes.
Nippon’s H1 2024 core profit surges 36% despite premiums decline
New annualised premiums for individual and annuity insurance fell by 1.8% YoY.
Muang Thai Life 9M 2024 net profit rises 7.3% despite lower premiums
New business premiums dropped by 2.7% YoY.
Commercial insurance set to grow at 7.5% CAGR by 2032
Asia Pacific led the market with a share of over 23% in 2023.
QBE's gross written premiums rise 1.5% to $17.6b in 9M 2024
Strategic portfolio exits have mitigated the impact of catastrophe losses.
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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