Insurance
Deloitte pegs global insurance protection gap at $183b
Deloitte pegs global insurance protection gap at $183b
Deloitte says tariffs and trade disruption affect auto and home claims and adding pressure to premiums.
Gen AI in insurance to skyrocket 29% through 2030
Early adopters are seeing 20% to 40% reduction in the cost of onboarding customers.
Emerging market remain underinsured as 1.3 billion are outside formal financing
However, medical insurance has the highest uptake across all markets.
Hong Kong regulator guts insurance referral fees with 50% cap
Unlicensed third-party referrers previously captured up to 95% of commissions through hidden rebate structures.
This week in insurance: Policybazaar rolls out online home loan cover, Allianz reshapes India presence, HSBC reviews Singapore life business
Sun Life Philippines also named its new CEO and country head.
HSBC says 'no decision' made in Singapore insurance review
HSBC said Singapore stays a priority market for wealth and wholesale growth.
TS Holdings merges Shin Kong Life and Taishin Life
Contractual Service Margin (CSM) is expected to exceed $7.91b.
APAC insurance gap above 80% leaves weather exposure
But cyber incidents remain the top risk for APAC businesses, the report showed.
What will drive Canara HSBC Life grow 20% in premiums by 2028?
India’s recent GST exemptions and a narrowing protection gap support this growth.
Compliance screening strains insurers amidst 81% manual fixes
Survey shows mixed or manual processes remain common making automation a top priority.
Financial planning rises as 63% cite uncertainty, Prudential says
Thailand stands out: 70% choose higher-risk investing, and 68% prefer short-term instruments.
Prudential lines up Flint as Vadera exits in 2026
The move follows Shriti Vadera’s planned retirement after six years of service.
Sun Life taps Frankie Leung as Asia chief agency officer
He held senior agency distribution posts at AIA and led digital strategies across the region.
Aon lifts capacity to $2.5b as AI drives complexity
The facility spans construction, all risks, delay in start-up and operational damage coverage.
Howden Re flags Asia, Europe as top loss drivers
28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
HSBC mulls $1b Singapore insurance exit, report says
It could be valued at over $1b.
Taiwan FSC rewrites life insurer forex reporting rules
Unamortised balance stays on the balance sheet, hitting income only at sale.
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Speakers from Kasikornbank, KPMG Thailand, Systemweb Technology, and Simon-Kucher will share their insights on the industry’s latest trends and challenges.
Commentary
For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness