Insurance
Philippine general insurers’ net income expands to $90b in H1 2024
Philippine general insurers’ net income expands to $90b in H1 2024
Total assets also increased by 6.86% YoY.
Premium income of Chinese insurers in H1 2024 climbs 4.9% YoY
Claim and benefit payments amounted to $172.20b.
Increased insurance premiums impact retirement budgets: ASFA
Couples around the age of 65 require $49,290 annually for retirement.
Central Reinsurance Q2 2024 net income surges to $183m
EPS stood at $0.03.
Pet insurance market slated for 8.1% CAGR by 2032
Several insurance companies now offer multi-pet insurance policies.
AI drives insurance productivity, faces scaling challenges
Scaling efforts are hindered by regulatory, data, and governance challenges.
Life Insurance Corporation of India’s Q1 profit up 9.6% YoY
Total premium income for Q1 2024 stood at $1.4b.
Swiss Re targets over $3.6b FY24 net income, bags $2.1b in H1
EPS for the period was $6.97.
Ping An bags $12b net profit in H1 2024
An interim dividend of $0.13 per share in cash was declared.
Nippon Life’s Q1 2024 net income skyrockets to $770m
Total new policies saw $4.1m during the period.
GIC Re's profit climbs to $12m in Q1 2024
Its assets grew to $2.22b.
Australian CEOs identify longevity insurance barriers
The meeting brought together 21 life insurers in the country.
Philippine’s life sector net income jumps 22% in H1 2024
Total assets also increased by 6.86% YoY.
Australia’s insurance Industry expands in January to March
Both the life and general insurance segment witnessed surges in profit.
Future Generali India welcomes new chief risk officer
He brings over two decades of experience.
AIA’s net profit surges 47.2% YoY in H1 2024
EPS stood at $0.30.
IAG’s net profit rises 7.9% in FY 2024
It ended with a final dividend of 17.0 Australian cents per share for the year.
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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