Insurance
Australia’s Rest penalised for misleading insurance comms
Australia’s Rest penalised for misleading insurance comms
Rest allegedly activated insurance cover for over 2,000 members without authorization.
Japan’s general insurance industry to reach $102.6b in 2030
Increased premium rates and demand for motor insurance will help drive growth.
South Korea’s life insurance market to hit $174.4b in 2030
Rising demand for health, pension, and protection products is driving growth in 2025.
Aon names ex-BNP Paribas banker as enterprise client leader in Japan
Shinji Kuriyama brings 30 years of experience working in the financial services sector.
China unveils national catalogue for long-term care insurance services
The catalogue has 36 services items for daily life care and medical care.
How cyber claims in Asia were all tied to ransomware in 2025
In the first half of 2025, Allianz received about 300 cyber claims.
Taiwan’s insurance industry reports profit of $1.4b at July 2025
But overseas investments generated additional net losses of $3.4b.
Etiqa boosts claims assessment and app adoption with AI
AI is being used to analyse vocal intent, transaction history, and social media patterns.
How long-term care costs rose 4% annually from 2018 to today: Singlife
Dementia cases alone are projected to hit 152,000 by 2030.
Nippon Life rebounds to pre-pandemic profitability: Fitch Ratings
Core profit margin was at 19% in fiscal 2025.
Flood insurance market projected to reach $25.21b in 2025
Japan stands out, with more than 75% of homeowners holding flood protection.
Premium revenues from foreign-currency life insurance in Taiwan rise 35% in June
Traditional products made up the bulk of sales at $5.7b.
Korea’s insurers benefit from regulatory changes easing investment rules
Insurers are likely to focus on asset-liability management.
Electric energy insurance market to hit $4.97b by 2029
Asia-Pacific is forecast to record the fastest growth in the coming years.
Insurance Council of Australia pushes for lower corporate tax rates
The council, instead, recommends creating a A$30.15b flood defence fund.
Insured losses from Kathmandu riots rise sharply, says AM Best
Domestic reinsurers also face capital strain.
Sun Life Philippines brings financial guidance to MSMEs with Go Negosyo
Advisors will be present to provide business owners with insurance guidance.
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AI isn’t replacing insurance, it’s finally making it work