Insurance
Regulator pushes for mergers in Indonesia amidst premium stagnation
Regulator pushes for mergers in Indonesia amidst premium stagnation
Insurance penetration in Indonesia has declined to 2.64% in 2023.
ICA unveils roadmap to temper skills and talent shortage in insurance sector
Nine in 10 insurance employers struggled to find skilled staff last year.
Cathay Life’s Taiwan unit sees profit dip in H1 2024
However, gross revenues increased 17.6% YoY.
SEADRIF meets with the Philippines, in talks of boosting DRFI strategy
Challenges remain such as scarcity of specialist skills and market engagement.
Allianz reels two new senior hires to boost health line
Both have over a decade's worth of experience.
Zurich Financial hires UK executive as ANZ risk chief
The CRO will succeed Jaimie Sach, who is retiring after three decades in the industry.
EV and hybrid insurance market to grow by 17% in the next four years
Challenges arise from the high cost of repairing or replacing components.
New Singlife campaign offers up to 4.5% returns amidst inflation woes
It is available for the first S$10,000 in an account.
Cathay Life net profit surges to $2b despite premiums decline
Premium slump was driven by weaker demand for investment-linked and interest-sensitive annuities.
Artarindo's premium retention lags behind industry
However, its profitability is expected to remain stable.
Hanwha Life strengthens leverage post-debt redemption
The insurer’s solvency capital ratio under K-ICS was 183.8% in 2023
Climate insurance market set to double by 2030
Insurers are adapting through central hubs or establishing vertical business units.
SMBs boost cyber insurance uptake amid rising threats
67% of ransomware attacks in Q4 2023 affected SMBs with less than 1,000 employees.
Reinsurers benefit from higher rates, restrictive policies
A slowdown in property reinsurance price hikes next year is still anticipated.
Tata AIA Life opens offshore branch at GIFT City
The products offered target non-resident Indians (NRIs).
SEADRIF Insurance taps Benedikt Signer for executive director role
He was previously with World Bank’s Disaster Risk Financing and Insurance Programme.
Reinsurers urged to discipline performance amidst casualty risks
Combined ratio forecasted to remain between 92% and 96% in 2024 to 2025.
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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