Insurance
China absorbs $13b loss in natural disasters in H1 2024
China absorbs $13b loss in natural disasters in H1 2024
The government has allocated $570m for disaster management this year.
AIA teams with BlackRock, BNY for scalable investment ecosystem
It will use BlackRock’s Aladdin technology with BNY’s data management.
Health insurance essential, but too much can rack up prices: MOH
With rising claims, insurers are barely profiting from health insurance.
Great Eastern halts trading of its shares in SGX
This follows OCBC's increased shareholding in the insurer.
1 in 5 Australians switch home insurance to save costs
Alarmingly, 3% downgraded or dropped their policy completely.
AIA S’pore taps new tech lead
Afees Ashroff has more than two decades of experience in banking and insurance.
FWD Group maintains MDRT top 10 streak
FWD Group now has 2,089 MDRT members.
Ant Insurance’s partners see $1.93b in claims
On a year-on-year basis, this was up 30%.
Insurance agent barred for misappropriating funds
He allowed premiums totalling $4,623 to be deposited into his bank.
Steadfast Group bags 17th spot in AM Best’s list
The broker was first of three newcomers in the ranking.
Sompo appoints new consumer lines leader for APAC
He has an 18-year experience in the industry.
APAC leads in automotive usage-based insurance market growth
The global market, valued at $58b in 2023, is set to expand to $249b by 2032.
IndiaFirst Life appoints new leaders for expansion
Both are president & chief distribution officer for two different divisions.
Chubb reels in new APAC lead, other leadership
He will be relocating from Miami to Singapore.
Zhonglu Insurance holds strong solvency, faces growth risks
Whilst net earnings improved to $1.7m, sustainability is uncertain amidst non-motor expansion.
High costs, limited insurance coverage impede medical freedom in HK
Residents need $6.7m to achieve medical freedom.
Insurance software market to climb 7.8% CAGR by 2028
Australia’s heightened rules pose challenges to insurer requirements.
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1. Tata AIA funds beat benchmarks with strong five-year returns 2. IndiaFirst Life signs bancassurance deal with DNS Bank 3. Why 9 in 10 APAC insurers hold stable outlooks 4. Cost and low awareness limit health and life insurance uptake 5. Universal life insurance market to reach $132.3b by 2033Resource Center
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AI isn’t replacing insurance, it’s finally making it work