Insurance
India life insurance premiums rise 6.1% in FY 2023-24
India life insurance premiums rise 6.1% in FY 2023-24
Insurers also issued 291.77 lakh new policies under individual businesses.
Commonwealth Bank to sell stake in Bank of Hangzhou to insurer
The Australian bank could make about A$940m in proceeds.
9 in 10 New Zealanders are not financially prepared
1 in 5 retirees has insufficient worth of savings to sustain their current lifestyle.
South Korea increases foreign exchange insurance to KRW1.4t
The government will provide $248b in policy financing to exporting companies.
EV insurance registrations surge in China during December's final week
Nio recorded 6,500 insurance registrations, up 20.37% WoW.
AI will enhance risk assessments: FM
The insurer also shared 8 risks businesses should be aware of.
Etiqa launches Singapore’s first takaful insurance product in years
Demand for Islamic financial products from the Middle East and Southeast Asia is growing.
Employers prioritise holistic wellness in corporate insurance plans
Companies are expanding benefits beyond traditional coverage to meet workforce needs.
Aon appoints new lead of talent solutions in Asia-Pacific
Swani brings over 25 years of experience as an HR consultant.
MSIG Asia partners with RiskPoint for renewable energy insurance
The region is expected to invest over $3t in power generation.
Prudent Insurance Brokers appoints new chief to expand global business
He has a Bachelor of Commerce in Business Management from R.A. Podar College.
Aon launches life and health reinsurance practice in India
Renuka Nar has been appointed head of broking for the new practice.
8 in 10 insurers plan to increase tech investment this year
36% of insurers prioritise AI and machine learning.
APAC's insured only 5.4% of $74b disaster losses: Aon
APAC was also the second-largest region in terms of economic losses.
Taiwan holds $189b in earthquake insurance liabilities
There were 3.6 million policies in force as of end-December last year.
Medical plan costs to rise by 11.1%: Aon
APAC is expected to experience the second-largestYoYr increase globally.
Only 9.1% of Asia's economic losses insured in 2024
The five-year average for insured losses was $11b.
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
