Insurance
Underwriting profits drive Lloyd's earnings surge of 25.6% YoY
Underwriting profits drive Lloyd's earnings surge of 25.6% YoY
The market’s combined ratio improved to 83.7%.
Asia's cyber insurance market set to triple by 2025
Cost of cybercrime is projected to increase to nearly $24t by 2027.
Texel expands Singapore team with seasoned brokers
Both will report to Angela Chang, managing director.
Reinsurance sector to remain profitable through 2025
The sector achieved record profits in 2023 and the first half of 2024, said Fitch Ratings.
BMS Group expands with new healthcare role
She brings 27 years of experience.
MSIG, Serenity target gaps in local health coverage
It plans to expand to Indonesia and Vietnam.
Complex insurance processes alienate tech-savvy users
About a third of Asian travellers purchase insurance only days before a trip.
Regulator pushes for mergers in Indonesia amidst premium stagnation
Insurance penetration in Indonesia has declined to 2.64% in 2023.
ICA unveils roadmap to temper skills and talent shortage in insurance sector
Nine in 10 insurance employers struggled to find skilled staff last year.
Cathay Life’s Taiwan unit sees profit dip in H1 2024
However, gross revenues increased 17.6% YoY.
SEADRIF meets with the Philippines, in talks of boosting DRFI strategy
Challenges remain such as scarcity of specialist skills and market engagement.
Allianz reels two new senior hires to boost health line
Both have over a decade's worth of experience.
Zurich Financial hires UK executive as ANZ risk chief
The CRO will succeed Jaimie Sach, who is retiring after three decades in the industry.
EV and hybrid insurance market to grow by 17% in the next four years
Challenges arise from the high cost of repairing or replacing components.
New Singlife campaign offers up to 4.5% returns amidst inflation woes
It is available for the first S$10,000 in an account.
Cathay Life net profit surges to $2b despite premiums decline
Premium slump was driven by weaker demand for investment-linked and interest-sensitive annuities.
Artarindo's premium retention lags behind industry
However, its profitability is expected to remain stable.
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AI isn’t replacing insurance, it’s finally making it work