Insurance

China's insurance sector posts strong solvency in Q3 2024

China's insurance sector has maintained steady operation and adequate solvency in the third quarter, according to the National Financial Regulatory...

Worldcare rebrands as Allianz Travel Insurance in New Zealand

It now allows travellers to customise insurance packages.

China urges insurance firms to increase underwriting support for SMEs

The notice said banking institutions should continuously optimise financial services.

PT Tugu Reasuransi records $7m net profit in H1 2024

The company holds an 11% market share in Indonesia's reinsurance sector.

Zopper bags $25m in Series D funding

The company has partnered with 40 insurers and over 2,500 ecosystem players.

Rising healthcare costs drive growth in Indian insurance: McKinsey

From FY 2020 to FY 2023, the industry saw a CAGR of 11%.

Insurance sector must remain resilient amidst emerging global risks

The sector must build a fair and inclusive market for all consumers.

Australian council backs tech-neutral consumer laws for AI

The council also urged the government to avoid regulatory duplication between the ACL and existing financial legislation.

Global reinsurance poised for growth amidst high interest rates

Higher attachment points in property reinsurance have limited loss frequency.

Singapore’s life insurance slated for $43b premiums in 2029

Due to the ageing population, health awareness, and consumer spending.

Reinsurers set for strong earnings through 2026

There is a growing appetite for tail-risk protection amidst severe NatCat events.

How multinationals can unlock the potential of trade credit insurance

Strong balance sheets can help multinationals achieve this.

APAC emerges as leader in renewables insurance

RE is projected to account for 45% of global electricity generation by 2030.

Nippon Life's capital adequacy amongst strongest of Japanese insurers

The insurer’s core profit margin increased to 13% in 2023 from 11% a year earlier.

Only 14% of rich people prioritise life insurance despite awareness

41% of SEA saw potential family disputes from lack of a plan as top concern.