Insurance
Manulife Hong Kong partners for cashless medical services
Manulife Hong Kong partners for cashless medical services
The cashless services cover day-case surgeries at all United Family Hospitals.
Insurtech market set to grow $77b by 2028
However, the high cost of investment remains a key challenge for the industry.
Australia’s private health insurers’ profit surges 64% YoY in September quarter
Total assets gradually increased 2.1% YoY to $13.06b.
How can insurers seize opportunities amidst heightened volatility?
Key strategies include diversification and setting up rigorous capital models.
Asian life insurers maintain strong capitalisation
Singapore Life and Muang Thai Life exhibit some financial leverage, unlike others.
Insurance could cushion a $14t economic loss from a pandemic scenario
The transportation sector will be significantly hit, which accounts for 10% of the global GDP.
Talanx Group eyes 30% net income growth in 2027
The group raised its earnings targets to over $2.2b for 2025.
Resolution Life acquisition could add $330m to Nippon Life's profit
Fitch views the transaction as credit-positive for Nippon Life.
Global auto insurance market to hit $2.27t by 2032
However, the adoption of autonomous vehicles could dampen growth.
Australia warns of spike in theft claims amidst holiday season
Half of Aussies said they planned for 4-day vacations, leaving homes vulnerable.
China expands medical insurance drug catalogue to cover 90 rare disease
These treat conditions like hypertrophic cardiomyopathy, and intractable epilepsy.
AXA, Hong Kong Broadband Network partner for travel insurance offering
Key features include free coverage for children insured under the same policy as their parents.
Zheshang Insurance capital position under pressure: Fitch Ratings
Fitch also highlighted concerns over the insurer’s higher asset and liquidity risks.
Insurance fraud detection market to hit $31.8b by 2032
APAC demand for fraud detection tech surges.
ICA to consult on motor vehicle insurance code update
The initial draft was supposed to be released within this year.
AIA maintains strong capital position in 2024: Fitch
Thanks to a coverage ratio of 262% under the local capital summation method.
Insurers alert to higher cyclone, flood risks in Australia
The threat of tropical cyclones remains high in northern Australia.
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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