Insurance
Nippon’s H1 2024 core profit surges 36% despite premiums decline
Nippon’s H1 2024 core profit surges 36% despite premiums decline
New annualised premiums for individual and annuity insurance fell by 1.8% YoY.
Muang Thai Life 9M 2024 net profit rises 7.3% despite lower premiums
New business premiums dropped by 2.7% YoY.
Commercial insurance set to grow at 7.5% CAGR by 2032
Asia Pacific led the market with a share of over 23% in 2023.
Non-life insurers told to upgrade tech to drive growth
It could help the industry ride market trends and mitigate risks.
QBE's gross written premiums rise 1.5% to $17.6b in 9M 2024
Strategic portfolio exits have mitigated the impact of catastrophe losses.
SME insurance is seen to reach $417b through 2032
Smaller organisations lack the resources and experience to form a separate risk department.
Professional indemnity claims rise by 6% in two years
Marsh India said PI claims range from $20m to $100m.
Suncorp retains stable outlook amidst earnings diversity concerns: S&P
It plans to return $2.5b in excess capital from the bank sale to shareholders in 2025.
2025 salary hikes expected in Singapore's insurance sector
Those in lower-value administrative functions may experience a more modest increase of 10%-15%.
Hong Kong’s insurance sector could see 3% to 4% salary hikes in 2025
Hong Kong is expected to maintain steady hiring activity in 2025 despite sluggish economy.
Canopius taps Olivia Brindle as head of sustainability
She will report to Lindsay Astor, chief of staff and head of strategy.
China expands basic medical insurance portfolio
The country added 91 new drugs to its medical insurance drug catalogue.
Blue Cross Insurance, Public Bank ink bancassurance agreement
The insurance products provide travel coverage and combined protection benefits.
Catastrophe bonds could boost cyber risk capacity
Cat bonds could significantly enhance risk-absorbing capacity.
New India Assurance works to tighten underwriting, risk controls
However, its balance sheet remains exposed to potential volatility.
Flood insurance market set to grow at 14.5% CAGR by 2032
The region is expanding rapidly due to urbanisation.
Australia's private health insurers record $1.07b profit in 2024
The year gathered data from 30 private health insurers.
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
