Insurance
20 private Indian insurers struggle with claim payouts
20 private Indian insurers struggle with claim payouts
Only four insurers achieved a claim-paid ratio exceeding 90% in terms of the number of claims processed.
IAG acquires 90% of RACQ Insurance in $855m deal
The deal is expected to add $1.3b to IAG’s gross written premiums.
Li-Ion battery reliance impact insurers heavily, geopolitical tensions possible
A Li-Ion factory in South Korea exploded and killed 22 people last year.
India non-life premiums leap 28% in October
YTD growth in FY 2025 was subdued compared to FY 2024.
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.
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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.
