Insurance
Global natural catastrophe losses keep insurers within budgets this year
Global natural catastrophe losses keep insurers within budgets this year
In Asia, monsoon flooding and localised storm losses were main events of the year.
APAC’s guaranteed auto protection insurance market slated for 13.2% CAGR
Globally, the market is expected to grow from $3.2b in 2021 to $8b by 2031.
Willis reports mining insurance market softens as capacity rises
The influx of capacity has intensified competition amongst insurers.
What will drive Malaysia’s life insurance market to bag $20.4b by 2029?
Policy ownership has increased from 41.5% in 2019 to 45.5% in 2024.
Health insurance industry to rise 6.4% annually until 2031
Individual health insurance remains the largest segment globally.
AM Best clarifies capital credit rules under IFRS 17 framework
The agency also said net written premiums are replaced by net insurance service revenue.
WTW data shows insurers expect health costs to keep rising
Over half expect elevated levels to persist for more than three years.
India’s non-life insurers rebound as premiums rise 13.2% in September
The recovery was supported by higher renewals in core segments such as motor.
7 in 10 Hong Kong seniors are financially underprepared, AIA says
Nearly 60% have no clear savings plan.
Japan Post Insurance maintains strong capital: Moody’s
Profitability remains modest.
CTF Life Bermuda partners with WRISE to expand global reach
WRISE will distribute CTF Life Bermuda products.
Reinsurers in Singapore, South Asia report solid 2024 earnings: AM Best
However, competition is beginning to intensify as pricing momentum slows.
SME insurance market to grow 6.5% annually through 2032
It is also forecasted to bag $45.61b.
Corporate boards overconfident despite worsening cyber claims
Claims data showed that ransomware attacks averaged a loss of $2.7m.
Why Australians stay loyal to health insurers for 10 years on average
Nearly half of policyholders have never switched health insurers.
Tokio Marine leads initiative to boost Japan’s offshore wind
Japan aims to reach 30GW to 45GW of offshore wind capacity by 2040.
Marsh McLennan to rebrand as Marsh in 2026 with new tech unit
The firm’s four main businesses will adopt the Marsh brand beginning in 2027.
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