Insurance
India's life insurance annual premium equivalent drops 2.3% in December
India's life insurance annual premium equivalent drops 2.3% in December
This was in contrast to the 13.6% YoY increase in December the previous year.
Australia’s life insurers top global data readiness
Worldwide, data readiness was the primary obstacle to maximising AI.
Chartered Insurance, Metis renew partnership to advance HK professionals
In 2024, Metis sponsored the Certified Insurance Professionals Induction Course.
Markel names new Casualty Claims manager for Australia
He was with Chubb for more than 12 years.
Sunshine Life's bancassurance channel fuels profitability
Fitch anticipates the group will continue to prioritise equity investments.
Reinsurers focus on cybersecurity, pandemic risks
Roland Berger said reinsurers must continuously refine pricing, underwriting, and claims.
IAG secures reinsurance for 2025 natural disasters
The programme offers coverage for two catastrophic events up to $6.2b.
Malaysia property risk programmes see reductions: Gallagher Re
Small flood event losses on the East Coast did not impact renewals.
Capital adequacy ratio of S. Korean insurers increased end-September ‘24
When transitional measures were excluded, the ratio stood at 202.7%.
Gallagher names new principal officer in India
He joined the company in late 2023.
Manulife Asia, MDRT partner for agent development
MDRT will provide Manulife agents with tools and training to enhance skills.
Toa Re’s H1 2024 net income nearly doubles
This was the second year of growth since a net loss in 2022.
HKIA calls for cross-border collaboration amidst elderly protection gap
Clement Lau emphasised the role of the insurance sector in supporting the elderly.
Transamerica Life Bermuda debuts new logo
The company has a scheduled rebranding this coming March.
Vietnam’s Health Insurance Fund spent $6b on patient care in 2024
Over 186.2 million received medical examination and treatment.
Cyber reinsurance market sees increased competition: Gallagher Re
Discussions around cyber war, a 2024 hot topic, was less this year.
Cambodia’s November gross premiums jump 11% YoY
However, number of policies for the general insurance market fell.
Commentary
For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness