Insurance
Cyber insurance premiums to hit $23b by 2026
Cyber insurance premiums to hit $23b by 2026
S&P anticipates APAC to have one of the fastest growth rates.
Samsung Fire's Q3 net profit rises 13.7% YoY
Meanwhile, insurance profit dipped 7.7% YoY.
Aviation governance raises risk management stakes
These companies average a market capitalisation of $43b.
China's insurance sector to hit $1.41t by 2032
The sector was valued at $688.8b last year.
Health insurance payouts rise 30% in India
Rising healthcare costs were driven by chronic conditions.
ICA outlines recommendations for strata complexes amidst rising insurance costs
Insurance costs have been driven by inflationary pressures.
Zking P&C reduces high-risk insurance exposure
The insurer sees ROE to rise 5% end-2024.
Allianz Partners appoints Michael Buttstedt as new CFO, board member
He was previously CFO of Allianz Italy for four years.
South Korea's insurance industry to reach $191.2b in 2029 with 3.4% CAGR
The life insurance and pension segment accounted for 84% of premiums in 2024.
Malaysia orders insurers, takaful firms to review repricing strategies amidst concerns
Firms are asked to offer options to impacted policyholders.
Nan Shan Life to maintain improved capital and earnings through 2026
Its product range is now comparable to major players in Taiwan’s life sector.
SG insurers see growth in new business premiums and asset holdings
However, higher interest rates could constrain new business growth and increase policy redemptions.
Cyberattacks cost Australian businesses $71,600 on average
74% of Australians identify data breaches as a major privacy risk.
Fidelidade Macau to retain earnings, strengthen capital
Fitch expects the risky-asset ratio to remain consistent.
NongHyup P&C Insurance benefits from NACF’s support
Its capital and surplus saw significant growth in 2023 due to IFRS 17 adoption.
Sun Life HK, HKMC partner to promote flexible retirement planning programmes
Hongkongers expect to retire at an average age of 66.
Delegated underwriting authority enterprises benefit from excess and surplus
Investments in technology and talent have further fueled the segment’s expansion.
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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