Insurance
China expands basic medical insurance portfolio
China expands basic medical insurance portfolio
The country added 91 new drugs to its medical insurance drug catalogue.
Blue Cross Insurance, Public Bank ink bancassurance agreement
The insurance products provide travel coverage and combined protection benefits.
Catastrophe bonds could boost cyber risk capacity
Cat bonds could significantly enhance risk-absorbing capacity.
New India Assurance works to tighten underwriting, risk controls
However, its balance sheet remains exposed to potential volatility.
Flood insurance market set to grow at 14.5% CAGR by 2032
The region is expanding rapidly due to urbanisation.
Australia's private health insurers record $1.07b profit in 2024
The year gathered data from 30 private health insurers.
Insurers expect China’s medical cost to increase 11% in 2025
Asia-Pacific is also slated to rise by 12.3% in 2025.
SG's Central Provident Fund updates interest rates, Basic Healthcare Sum for 2025
BHS for members below 65 will increase from $52,929 to $55,890.
AM Best forecasts steady earnings for Starr International Insurance
Whilst investment returns remain modest, they contribute stable income.
HK warns of fake elderly medical insurance ads
It clarified that it has never published nor authorised such advertisements.
Munich Re eyes $6.3b net profit in 2025
The company expects group insurance revenue to reach $67.2b.
Tune Protect Re stabilises post-COVID with strong returns: AM Best
Its balance sheet is expected to remain solid in the medium term.
Insurers plan increased use of facultative reinsurance by 2025
Yet, over half of decision makers identified capacity as a major obstacle.
Howden Asia reels in new deputy CEO
His start date is subject to fulfilling his contractual obligations with current employer.
Vietnamese insurer cuts profit forecast after Typhoon Yagi
Bao Minh’s board proposed keeping its revenue target at $268m.
Korean Re's focus on profitable lines boosts outlook
It’s operating performance remains adequate, with an ROE of 9.5%.
Beazley unveils new head of cyber risks
They previously served as head of International Cyber for over a decade.
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