Insurance
APAC insurers predict continued cost increases in 2025
APAC insurers predict continued cost increases in 2025
Medical costs are set to rise by 12.3% in 2025, WTW says.
Allianz Australia to acquire RAA’s general insurance business
The transaction is expected to be completed by mid-2025.
Suncorp partner with Duck Creek Technologies to digitalise operations
It aims to replace multiple on-premises legacy systems.
Insurance distribution solutions market to grow 14% CAGR
This is driven by demand from insurers to streamline distribution processes.
Life Insurance Corporation of India sees profits up 3.5% YoY in H1 2024
LIC's total premium income rose by 13.56% YoY.
CTBC Insurance maintains strong capital adequacy
Its pandemic-hit capital position has now returned to pre-COVID levels.
Top 50 list shows worsening dip in Singapore’s insurance premiums
The thriving nonlife business offset life insurance’s poor showing in 2023.
Generali, UNDP boost Thai MSME resilience with risk assessment tool
Key goals include raising entrepreneurs’ awareness of resilience strategies.
QBE, YAS debut pay-as-you-sell insurance for Hong Kong merchants
It is designed for HK-based merchants expanding in the US market.
Aon's APAC CEO to become Global Chief Commercial Officer
Corona has been with Aon for nearly 25 years.
ICA backs Senate's recommendations on climate risk impact on insurance premiums
Insured losses reached $2.19b between 2023 and 2024 due to four extreme weather events.
MSIG, Silversky and Stere Asia partner for pet insurance offering
Silversky Protect is underwritten by MSIG.
Aussies three times more likely to insure cars than themselves: survey
Whilst almost 80% have car insurance, only one-third hold life insurance.
bolttech partners with Thai postal service giant for motor insurance coverage
Customers can access the policies by scanning a QR code on receipts from post office transactions.
Shanta Life Insurance begins operations in Bangladesh
The country's insurance penetration remains low at 0.4%.
HDI Global reveals new head of engineering
He also brings over two decades of corporate insurance experience.
Miller appoints Guy Pierpoint to marine team
He will expand the firm's North American book of business.
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1. Hong Kong regulator guts insurance referral fees with 50% cap 2. Can China’s $140b motor insurance market survive a 70% loss ratio? 3. PNB MetLife launches dividend fund linked to insurance 4. Taiwan life insurers face rising risk in $32b FX mismatch 5. India set to outpace China, US in premiums by 2030Resource Center
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
