Insurance
Insured losses top $100b for fifth consecutive year
Insured losses top $100b for fifth consecutive year
Annual insured losses are expected to rise by 5% to 7%.
Recession, inflation top business risks for G20 leaders in next 2 years: survey
Other concerns include poverty and inequality and extreme weather events.
Insurers face challenges from aviation grey zone conflicts
GPS spoofing and jamming are growing threats for insurers.
IAIS adopts Insurance Capital Standard to enhance policyholder protection
There are 59 identified IAIGs across 18 jurisdictions globally.
Chubb Life’s strong regulatory capital supports stability
Fitch expects it to continue prioritising regular-paid and protection-focused policies.
International Association of Insurance Supervisors sees stable 2025
Supervisors are implementing stress testing and contingency planning to mitigate risks.
Singapore’s general insurance industry to grow 6.2% CAGR by 2029
The industry is expected to expand by 8.0% in 2024.
Pet insurance market to reach $38.3b by 2033
Key drivers include increasing interest and rapid expansion of vet services.
Taikang's robust capital to aid in business expansion: Fitch Ratings
Taikang Group’s profitability is supported by its value-driven business strategy.
Mining insurance rates in Asia show slight decrease in 2024
Singapore’s property reinsurance rates showed small reductions in risks outside NatCats.
Aerospace insurance capacity outstrips rate adjustments: WTW
The fourth quarter sees about 70% of global annual airline premiums renewed.
Singlife’s new investment-linked plan offers 5% annual payout
It comes at a one-time premium starting at $516.28.
Insurers shift focus to more specific climate-related issues
Sustainability-focused frameworks in underwriting practices have grown by 120% since 2022.
Ageing workforce fuels talent crisis in Australia’s insurance sector
About 58% of insurance professionals in the country are over 45.
Fitch expects continued capital adequacy for Japanese insurers
Weaker investor pressure has allowed insurers to build excess capital.
Malaysia considers mandatory car insurance for private vehicles
The transport minister said it could affect insurance costs.
CoverGo Claims offers real-time data integration for insurers
CoverGo also said the platform reduces operational costs.
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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