Insurance
China Re to expand role in agri and catastrophe coverage
China Re to expand role in agri and catastrophe coverage
The group is also likely to continue its international expansion.
Zurich Australia becomes preferred insurer of Tesla
The CEO said there has been an uptick in EV demand.
MSI China’s capital buffers stay healthy in 2024
The insurer's Japanese-related business will continue to drive its underwriting profit.
Malaysian motor insurance set for 7.5% growth by 2028
The industry is seen to account for more than 45% of the general insurance sector.
WTW reels in new president for risk and broking
She has over two decades of experience in the industry.
Cyber insurance faces up to 10% loss from CrowdOut
Insured losses for standalone cyber insurance to reach up to $1.5b.
Embedded value of Asia's life insurers grows 7.2% in 2023
Japan and Taiwan post strong gains in insurer-embedded value.
Red flags raised in Singapore's malpractice claims environment
These cases could see increased awards and higher premiums.
Sompo China secures strong solvency amid dividends
In 2024, it paid $8.6m in dividends, representing 80% of its 2023 earnings.
WTW’s net income surges 48% YoY in Q2 2024
Its revenue increased by 5% YoY to $2.3b.
Blue to partner with over 100 brokers in 2 years through new channel
The first product available is the 25-year participating life insurance plan.
Insured losses to reach $1.08b in CrowdStrike fallout
This is equivalent to about a fifth of the total financial loss of $5.4b.
Bigmotor scandal exposes thousands of fraudulent claims
About 30% of claims investigated in the past 5-8 years were fraudulent.
Fitch sees progress in China's insurance regulations
The industry has begun to embrace the IFRS 17 standards.
How modular construction and project cargo insurance are connected
The modular construction market size is estimated at $64b in 2024.
Asian insurance rates suffer in Q2 amidst rising competition
All lines of business witnessed declines during the period.
United Overseas Insurance Profits Rise 14.9% YoY in H1 2024
Thanks to a surge in its dividend income on a year-on-year basis.
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AI isn’t replacing insurance, it’s finally making it work