Insurance

Reinsurance market to hit $539.3b by 2029

Non-life should see revenue growth, driven by demand for property, motor.

Allianz reveals India’s first multiple-coverage health plan for women

It covers critical illnesses, maternal and reproductive health, and wellness.

Health insurers struggle with fraud, waste and abuse detection methods

More than 80% of insurers reported provider-induced FWA.

Talanx projects 25% net income rise in FY 2024

The company foresees a return on equity of 17.8%.  

Great Eastern General Insurance Malaysia names new CEO

He succeeds Ng Kok Kheng, who retires after 17 years in this role.

Commercial auto insurance sector slated for 6% CAGR by 2032

In APAC, the market is expanding rapidly thanks to increased trade.

Allianz Commercial names deputy CEO of Hong Kong

This role is an addition to his current responsibilities as the head of Financial Lines.

Zurich reveals flagship branch in Johor Bahru

It is located near routes like the Eastern Dispersal Link and Woodlands Checkpoint. 

Sompo appoints new risk Chief for APAC

She will report to Emmanuel Brule, CRO of Sompo International Holdings.

South Korea’s life insurance market to bag $158b through 2029

The industry is projected to recover in 2024 after a decline in 2023. 

AXA Philippines launches new health plan for critical illnesses

The plan offers coverage for over 150 medical conditions.

Insurers pivot to science-based cleantech risk modeling

This shift aims to address climate risks and capitalise on cleantech opportunities. 

Swiss Re appoints new ANZ head of life, health

He was head of L&H Claims for US since 2016.

IFRS 17 raises financial statement clarity: Fitch

APAC insurers are reconsidering product offerings.

Allianz PNB cuts product rollout by 30% with new partnership

The insurer aims for customers to receive policies in five minutes.