Insurance
Malaysia’s Public Bank to buy all shares of general insurer LPI Capital
It will first buy a 44.15% equity interest in the insurer for RM1.72b.
Malaysia’s Public Bank to buy all shares of general insurer LPI Capital
It will first buy a 44.15% equity interest in the insurer for RM1.72b.
MSIG Asia taps new VPs to lead transformation and underwriting efforts
One will focus on operational efficiency whilst the other on non-marine business.
Cyber risks loom as telcos lack comprehensive insurance coverage: WTW
About half of the industry identified cybersecurity as a top threat.
MSIG teams with Thriwe to boost travel insurance perks for customers
It will offer single-trip and annual travel insurance plans departing from Singapore.
Bridge Specialty Int’l completes acquisition of Acorn Int’l
It said the acquisition expands its footprint in Singapore.
Vietnam-China talks aim for long-term elderly care solutions
Health insurance coverage in China has stabilised at above 97% of the population.
Global specialty insurance market to grow by $57b in 2028
Lack of robust IT security infrastructure heightens risks.
India launches pension system for all ages, infancy to 70
NPS Vatsalya allows accounts to be opened for children.
Unemployment insurance payouts double since 2012 in China
In 2023, 7.3 million unemployed persons received a total of $1.5b.
How GCash’s credit and insurance tools unlock Philippines' inclusion barriers
Bank access increased to 65%, whilst insurance penetration improved to 1.71%.
What two challenges impede the finance sector’s ESG goals?
Industry experts agreed that the sector must aim for objectives that extend beyond immediate business interests.
Large cyber claims jump 14% as privacy breaches worsen in 2024
Costs could skyrocket from €20,000 to €20m if left unchecked.
Lloyd’s projects $14.5t loss from hypothetical global conflict
The scenario highlights the vulnerability of global trade.
New HSBC plan multiplies coverage up to six times
The plan also offers enhanced critical illness coverage.
MoneyHero, bolttech new car insurance platform to expand in two markets
MoneyHero’s insurance segment accounts for 7% of total revenue in 2023.
Indonesia's insurers battle rising non-performing loans
Its first quarter performance showed promise.
Insurance cover rises, yet a quarter of Australians still unprepared
More than one-third of respondents had a storm action plan in place.
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1. Aon to acquire Mitsubishi Chemical Group’s insurance agency 2. Singapore’s life insurance slated for $43b premiums in 2029 3. MAS updates rules on life insurance product launches 4. Rising healthcare costs drive growth in Indian insurance: McKinsey 5. Reinsurers set for strong earnings through 2026Resource Center
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Humans need to be in insurance’s genAI loop
![Humans need to be in insurance’s genAI loop]()
Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
