Insurance
Kotak Life launches AI-powered HR assistant
Kotak Life launches AI-powered HR assistant
Its chief human resources said it aims to modernise HR services.
Abundant reinsurance capital eases costs for ANZ property risks: Gallagher Re
Reinsurer quotations were closely aligned with fewer outliers compared to previous years.
Taiwan adds 30 services to National Health Insurance benefits
These updates will benefit about 66,000 people annually.
India’s Union Cabinet extends crop insurance schemes
It has a total allocation of ₹69,515.71 crore.
Japan P&I shows stable investment income: AM Best
Despite potential for volatility from large claims, the insurer maintains flexibility.
APAC reinsurance sees rate reductions: Gallagher Re
Pricing also softened in smaller Southeast and North Asian markets.
Japan’s major life insurers snatch 46% YoY profit surge
Similarly, core business profits also increased by 16.2% YoY.
Health insurance sector set for 8% annual growth
APAC is forecast to grow at the highest CAGR, fueled by chronic disease prevalence.
Munich Re taps new CEO for Beijing operations
He will succeed Steven Chang who will retire in March.
Nissay set for growth with $8.2b acquisition: AM Best
Nissay plans to integrate MLC with Resolution Life Australia after the deal.
Malaysia’s non-life insurance sector sees stable outlook
AM Best also expects insurers to maintain robust underwriting profits.
Sompo appoints new chief claims officer
He transitioned into insurance from a senior associate role at Deloitte.
Bank Negara Malaysia issues code for insurers, takaful operators
It aims to enhance public trust and confidence in Malaysia’s motor claims and repair industry.
Aon appoints ex-Lloyd’s CEO to top Climate, Reinsurance roles
He will report to Andy Marcell, CEO of Risk Capital.
Half of Indian health insurance policyholders report claim rejections
83% of respondents also believe health insurers lack modern systems.
China to tighten medical insurance funds regulation with drug traceability codes
This aims to combat fraudulent activities like the resale of insured medications.
China’s medical insurance to deliver cheaper drugs
It has adjusted the insurance catalogue annually, now covering 3,159 drugs.
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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.
