Insurance

What opportunities does APAC's millionaires offer insurers?

China is home to 6 million millionaires, second only to the US.

Singlife, SAL launch mental health scheme for lawyers 

The programme will be offered to more than 13,000 legal professionals.

Malaysia warns of downside risks for insurers from market volatility

Overall profitability of ITO funds increased in the first half of 2024.

Flood impact on Thai insurers ‘manageable’— S&P

The floods have caused Thai banks $13m in losses, the ratings agency said.

Cyber resilience lagging despite budget increases

The average cost of a data breach across respondents stands at $3.3m.

Gen Zs, Millennials drive 85% of total insurance sales

Gen Z and Millennial advisors conduct most of their business online.

China to build science and tech insurance framework 

NFRA plans to introduce incentives such as rewards, subsidies, and tax benefits.

Meiji Yasuda Life’s core profit up 27% from strong sales

The weaker yen against the US dollar also boosted profits.

Institute calls for improved coverage for mental health

Patients suffering from depression increased by 35% from 2017 to 2021.

Mumbai broker expands in Dubai

The division will serve as a regional hub for MENA markets.

Generali, UNDP tackle $1.8t protection gap

Parametric policies provide pre-agreed payouts based on verified triggers.

IAG slashes jobs after reporting high profits

IAG said the job cuts are part of a restructuring plan that began in March.

Japanese insurer targets ¥45b in green premiums

Tokio Marine Group is also working with its corporate clients and investors.

Families receive aid after school bus tragedy in Thailand

OIC confirmed the bus had compulsory motor insurance from Viriyah Insurance.