Insurance
Japanese trading house acquires 20% of Thaivivat Insurance
Japanese trading house acquires 20% of Thaivivat Insurance
The transaction is expected to finish by February.
AXA partners with Prosper Health for cross-border cancer care
Benefits include second opinions, insurance pre-approval assistance, and P-to-P transfers.
Sompo Thailand policyholders benefit from lounge access for delayed flights
Thanks to its partnership with Collinson International.
Meiji Yasuda rolls out 5% wage hike amidst inflation
This marks the 2nd consecutive year of wage hikes for its 11,000 internal staff.
India's non-life insurance premiums dip slightly in December 2024
Because of revised reporting requirements that defer long-term policy recognition.
Shinhan Bank inks deal with Petrolimex Insurance on Vietnam expansion
The bank will distribute PJICO’s non-life insurance products.
Parametric insurance market to grow 12% by 2032
AXA and Munich Re are leading the parametric insurance market.
Reinsurers face billions in California fire claims
Gallagher Re revised its insured losses estimation to $20b-$30b.
India’s general sector premiums seen to rise in the medium term
The sector has also benefitted from favourable investment conditions.
South Korean insurers face $62m from LA wildfire losses
DB Insurance holds 37 active policies in the affected regions.
Taiwan Life earnings ‘volatile’ from interest-sensitive products reliance
The company has a 6% share of premium income as of 2023.
Budget Direct unveils new commercial vehicle cover
Customers can opt for the benefit of vehicle repairs at their preferred location.
Global insured losses peak third highest since 1980
Not even half of the total losses were insured.
Global reinsurers set to keep profits high in 2025
This is forecast to happen despite lower rates in the January renewals.
Insurance operations complicated by foreign investment decline
The decline is mainly due to geopolitical tensions, COVID-19, and Russia-Ukraine war.
China cracks down on 300 insurance fraud rings
Over 40 operations have led to investigations into 1,400 cases since April 2024.
Vietnam's life insurance goals may miss 2025 targets
The government had set goals for 15% of the population to hold life insurance.
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1. Asia-Pacific insurers turn to emerging market debt for yield 2. Japanese life insurers pivot to offshore M&A as domestic market peaks 3. Singapore eyes new corporate structure for insurance risk transfer 4. India renewables face $55b climate loss risk 5. BMS opens Mumbai capability centreResource Center
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Claims delays reshape customer loyalty patterns in Indonesia insurance sector.
