Insurance
HSBC Life to keep using tech to stay on top in Hong Kong
HSBC Life to keep using tech to stay on top in Hong Kong
The life insurer wants to offer solutions beyond traditional products, its CEO says.
Insurance sector lacks key skills in Gen AI and finance
The workforce requires upskilling.
Unit-linked insurance market to reach $2.3t by 2032
The market is forecasted to reach a CAGR of 10.9%.
2024 insured losses exceed decade average at $108b
Total economic losses for the first three quarters reached ~$280b.
Taiwan insurers to raise fresh equity amidst new capital requirement
The new standard also raised compliance risks for insurers.
Dah Sing Insurance strengthens capital structure
Its 2023 net profit was $13.9m.
AXA rebrands China reinsurance arm to AXA International Re
The change is effective 16 October.
Specialist Risk Group appoints new APAC CEO
He will begin his term early next year.
India’s life insurance sector bags 12% CAGR in past five years
The life insurance penetration rate is at 3.8%.
High-income S’poreans grapple with retirement planning amidst rising financial needs
High-income retirees were overwhelmed by the rising cost of living and family support expenses.
Allianz Trade reels in new ASEAN commercial director
His role begins on 21 October.
India, Philippines pension systems lack adequacy: Mercer
A score below 35 would indicate serious deficiencies.
Vietnamese bank expands into non-life insurance sector
Other banks which made the same move are VietinBank, Agribank, and HDBank.
Why ageing Asians prefer critical illness coverage
Japan and India have the largest share of life insurance ownership.
Competition Commission of India clears central bank on acquisitions
The central bank proposed stakes in both life and general entities of Future Generali.
Insurers are increasing investments in generative AI by 300%
Half of CEOs view AI as an opportunity, whilst the other half see it as a risk.
Financial and planning gaps leave Singaporeans unprepared for retirement: report
Nearly half of Singaporeans start retirement planning too late.
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1. Remote job demand in Singapore insurance rises 15.3% 2. India insurance market sees moderating premium growth: Report 3. Tokio Marine Life, RHB launch guaranteed-acceptance plan for seniors 4. Manulife to sell MVI Life to Japan’s Asahi Life 5. Hong Kong reinsurers to absorb significant claims from Wang Fuk Court fireResource Center
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AI isn’t replacing insurance, it’s finally making it work