Insurance
Marsh's $50m facility to tackle growing port issues
Marsh's $50m facility to tackle growing port issues
The facility is backed by insurers from Lloyd’s of London and the London market.
Only a third of Singaporeans have critical illness coverage
A quarter of Gen Zs did not meet MAS’ financial planning guidelines.
Agricultural insurance in China shows muted growth
It grew by 6% YoY.
Aashi Life’s net profit jumps over threefold YoY in Q1 2024
This was equivalent to $20m in earnings.
Hong Kong insurance complaints drop 10.6% in 2023
H1 2024 also recorded an 11.9% reduction in complaints.
Thailand's life insurance industry slated for CAGR of 4.4% by 2028
In 2023 the sector grew by 3.7%.
Igloo, TrueMoney team up to offer health insurance in Thailand
It also includes critical illness coverage.
Australia’s annual weather-related insurance costs more than double
Insured losses increased to 0.7% of the GDP.
Sumitomo Life net income climbs to $148m in Q1 2024
Gross premiums also surged 31.7% YoY.
Southeast Asia’s insurtech sector hits $2.4b in 2023
It was mainly driven by Singlife’s merger with Aviva Singapore.
Life insurance reduces mortality risks in China
Still, the protection gap stood at $73.6b in 2023.
How the surge in medical malpractice claims in Singapore affects insurance premiums
Recent legal developments indicate a potential rise in malpractice claims, which may lead to increased insurance premiums for doctors.
B2B spending drives Indonesia's insurance sector in 2023
Indonesia's industry turnover reached $17.2b.
HDI Global’s net financial result rises to $76m in H1 2024
Thanks to higher investment volumes and increased interest income.
KB Indonesia to meet new capital requirements, capital growth expected
Its five-year ROE ratio was 5.1%.
WTW lists 5 benefits of parametric insurance in energy sector
Regular payouts often take 15 to 30 days, but parametric can expedite this long-wait.
Pru Life UK nets $85m in new premiums this quarter
It also totalled $400m in premium income for variable life insurance products.
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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