Insurance
Evergreen Partners takes minority stake in Delta International
Evergreen Partners takes minority stake in Delta International
The transaction took effect last 18 February.
Insurtech funding in APAC plunges to $193m in 2024
Seed-stage funding also declined 16% to $7.7m.
This week in insurance: Sompo splits business, Aon’s new APAC CEO, and growth across financials
FWD also announced the retirement of Richard Sun Po Yuen from the board.
Prudential, MDRT partner for agency growth and professional development
It also launched a recognition programme for its agents.
Singapore’s property insurance sees rate cuts in Q4
The rates are available for risks with favourable loss ratios and strong risk management.
Zurich APAC sees 12% boost in P&C premiums for FY 2024
Growth was supported by higher retail motor and travel sales.
Markel announces new head of marine liabilities for Singapore
She previously worked at Munich Re Specialty.
Two-thirds worry about healthcare access despite financial readiness
Younger generation also demand simpler and more attractive products.
Fitch Ratings forecasts more insurance sector regulations
Mainly due to changing capital requirements.
Hong Kong underwriting flexibility rises amidst competition: Aon
Despite limited new business opportunities, the market continues to attract capacity.
P&I clubs face offset of gains by rising pool claims
AM Best also expects further rate adjustments in upcoming renewals.
Global insurance protection gap hits 60% amidst warming
Total economic losses exceeded $350b in 2024.
How is AI reshaping fraud detection in banking and insurance
A strong governance function can bridge security gaps.
Dai-ichi Life maintains stable outlook: AM Best
The parent company saw its total reported capital rise by 46% YoY.
Asia-Pacific’s 2024 deal activity ‘sluggish’
The Ardonagh Group acquisition of PSC Insurance was the largest deal.
Well Link Life Insurance's investment yield aims for double digits
AM Best expects the company’s medium-term balance sheet to remain strong.
Igloo multiplies partnerships across SEA, new chief distribution offier
Sasitharan Krishnan has over 30 years of experience in insurance distribution.
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For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness