Insurance
Will low premiums persist in offshore energy insurance?
Neither frequency nor severity of claims significantly impacted market capacity.
Will low premiums persist in offshore energy insurance?
Neither frequency nor severity of claims significantly impacted market capacity.
Taiwan insurers post $9.47b pre-tax profit in August
Its non-life insurance segment witnessed a twofold increase.
Insurance scrutiny intensifies on coal, wildfire risks
However, power Industry business interruption sectors see improved pricing.
New Beazley Quantum targets corporations with over $1b turnover
This initiative injects $100m in fresh capacity into the cyber insurance market.
FWD, Roche partnership targets early diagnostics
The partnership will run for three years.
Allianz Life sets sights on doubling business with Kingmaker training
It also offers 24-month financial support of $2,809.
What opportunities does APAC's millionaires offer insurers?
China is home to 6 million millionaires, second only to the US.
Singlife, SAL launch mental health scheme for lawyers
The programme will be offered to more than 13,000 legal professionals.
Malaysia warns of downside risks for insurers from market volatility
Overall profitability of ITO funds increased in the first half of 2024.
Flood impact on Thai insurers ‘manageable’— S&P
The floods have caused Thai banks $13m in losses, the ratings agency said.
Cyber resilience lagging despite budget increases
The average cost of a data breach across respondents stands at $3.3m.
Gen Zs, Millennials drive 85% of total insurance sales
Gen Z and Millennial advisors conduct most of their business online.
China to build science and tech insurance framework
NFRA plans to introduce incentives such as rewards, subsidies, and tax benefits.
Meiji Yasuda Life’s core profit up 27% from strong sales
The weaker yen against the US dollar also boosted profits.
How are new energy vehicle sales shaping China's insurance market?
NEV sales saw a 33.3% increase in Q1 2024.
Institute calls for improved coverage for mental health
Patients suffering from depression increased by 35% from 2017 to 2021.
Mumbai broker expands in Dubai
The division will serve as a regional hub for MENA markets.
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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.
