Insurance
Taiwan insurers' earnings leap to $10.3b in December
Taiwan insurers' earnings leap to $10.3b in December
The life insurance segment made up 92.4% of the total profits.
KB Insurance earnings up 9.1% to $6b in FY 2024
Thanks to higher revenues, which increased 3.8% YoY.
Insurance investors to boost allocations abroad this year
Majority of insurers concerned about demographic shifts and AI.
Allianz, IAG eye RAC insurance acquisition
The insurer has engaged Barrenjoey to conduct a strategic review of the business.
Meeting evolving needs: How innovation will continue to drive insurance growth in 2025
The industry is projected to continue a growth momentum this year.
Reinsurance market to hit $539.3b by 2029
Non-life should see revenue growth, driven by demand for property, motor.
Allianz reveals India’s first multiple-coverage health plan for women
It covers critical illnesses, maternal and reproductive health, and wellness.
Health insurers struggle with fraud, waste and abuse detection methods
More than 80% of insurers reported provider-induced FWA.
Talanx projects 25% net income rise in FY 2024
The company foresees a return on equity of 17.8%.
Meiji Yasuda plans acquisition of US-based Banner Life
The sale is estimated at $2.3b.
Great Eastern General Insurance Malaysia names new CEO
He succeeds Ng Kok Kheng, who retires after 17 years in this role.
Commercial auto insurance sector slated for 6% CAGR by 2032
In APAC, the market is expanding rapidly thanks to increased trade.
Allianz Commercial names deputy CEO of Hong Kong
This role is an addition to his current responsibilities as the head of Financial Lines.
Zurich reveals flagship branch in Johor Bahru
It is located near routes like the Eastern Dispersal Link and Woodlands Checkpoint.
Sompo appoints new risk Chief for APAC
She will report to Emmanuel Brule, CRO of Sompo International Holdings.
South Korea’s life insurance market to bag $158b through 2029
The industry is projected to recover in 2024 after a decline in 2023.
AXA Philippines launches new health plan for critical illnesses
The plan offers coverage for over 150 medical conditions.
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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