Insurance
Hanwha Life strengthens leverage post-debt redemption
Hanwha Life strengthens leverage post-debt redemption
The insurer’s solvency capital ratio under K-ICS was 183.8% in 2023
Climate insurance market set to double by 2030
Insurers are adapting through central hubs or establishing vertical business units.
SMBs boost cyber insurance uptake amid rising threats
67% of ransomware attacks in Q4 2023 affected SMBs with less than 1,000 employees.
Reinsurers benefit from higher rates, restrictive policies
A slowdown in property reinsurance price hikes next year is still anticipated.
Tata AIA Life opens offshore branch at GIFT City
The products offered target non-resident Indians (NRIs).
SEADRIF Insurance taps Benedikt Signer for executive director role
He was previously with World Bank’s Disaster Risk Financing and Insurance Programme.
Reinsurers urged to discipline performance amidst casualty risks
Combined ratio forecasted to remain between 92% and 96% in 2024 to 2025.
Insured losses from NatCat surge to $151b, fueled by urban growth
The five-year average annual loss is at $106b.
China motor insurance market to rise 5.2% this year
New energy vehicles are gaining traction in China’s vehicle market.
Zurich, Indosat partner to synergise telecom and insurance offerings
100 million Indosat users will have access to Zurich’s products.
Nan Shan Life's investment strategy solid across currencies
S&P also expects the insurer to maintain its current investment risk exposure.
Tong Yang Life's profit prospects strong under new ownership
Woori FG is supported by Woori Bank, one of Korea’s domestic systemically important banks.
HSBC Life hits HK$24.7b in new business premiums
Annualised new premiums accounted for 19.7% of the market total.
China Re’s H1 2024 net earnings triples to $830m
EPS stood at RMB0.13.
Allianz becomes largest spending insurance brand in sports in 2024
The company has 52 sports sponsorship globally.
Sun Life’s new hire to oversee digital platform expansion
He was formerly with Prudential.
ILS market expands to $46b amidst rising reinsurance prices
Investors have reaped substantial benefits from wider risk margins.
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1. Remote job demand in Singapore insurance rises 15.3% 2. India insurance market sees moderating premium growth: Report 3. Tokio Marine Life, RHB launch guaranteed-acceptance plan for seniors 4. Manulife to sell MVI Life to Japan’s Asahi Life 5. Hong Kong reinsurers to absorb significant claims from Wang Fuk Court fireResource Center
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AI isn’t replacing insurance, it’s finally making it work