Insurance

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.

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%.

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.