Insurance
Mitsui Sumitomo Insurance, Coalition expand cyber insurance in Australia
Coalition has brought its Active Insurance model to over 1,400 policyholders.
Indian life sector’s new business premiums expected to rise in FY 2025
The industry could maintain a growth rate of 13% in the next 3-5 years.
Sompo welcomes new COO for APAC
She will be based in Singapore.
2024 Policy Address: Hong Kong aims to boost marine insurance offerings
HKIA is also pursuing opportunities with the China Export & Credit Insurance Corp.
Singapore amends insurance bill post-Allianz deal
Key concern raised by the MCCY is the terms and structure of the deal.
B2B2C insurance sees 9.6% annual growth forecast
The market generated $4.28b in 2022.
Insurers rank regulatory changes, geopolitics as top risks
APAC insurers anticipate high inflation and strong economic resilience.
APAC reinsurance market sees stable pricing in 2024
Although, extreme weather and NatCats could disrupt current pricing stability.
Asia’s business insolvencies to rise by 3% in 2024
If excluding China, it could rise by 8%.
Renewable energy insurance market to hit $23b by 2028
The market will reach $18b in 2024.
Allianz Life launches multi-claim critical illness coverage
It offers up to 320% of the insured amount.
Etiqa set for growth after being named HDB fire insurer in Singapore
The company is banking on the city-state’s 1.11 million flats to boost fire insurance sales.
Allianz Australia's capital adequacy to remain strong
Thanks to removal of certain non-life liability adjustments, deferred acquisition cost deductions.
Only 28% of APAC insurers prepared for AI shift
Half of insurers attribute poor customer experience to limited technology adoption.
APAC insurers trim equity risks, increase capital efficiency: Moody's
APAC P&C insurers face different risks compared to their US counterparts.
Specialist Risk Group expands to Asia, sets base in Singapore
A non-executive director has been appointed.
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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