Insurance
K-Pet eyes insurance, launches disease prevention tech
K-Pet eyes insurance, launches disease prevention tech
S. Korea’s pet premium income climbed from KRW1.1b in 2018 to KRW44.3b in 2023.
MAS crackdown exposes dishonesty amongst ex-agents
These agents were representatives of Prudential and Manulife.
HKIA appoints new directors for 2024-2027 term
Lee and Lui have been a member of the HKIA for six to seven years.
Philippines insurance sector witnesses surge in premiums
Both its life and non-life sectors climbed 12.0% and 6.98%, respectively.
Singlife launches new digital wealth booster
The plan offers a guaranteed annual yield of 3.25%.
Marsh cites three major shortcomings in current insurance strategies
The firm calls for proactive steps toward partnership.
What risks do select APAC markets fear most this year?
Global Insurance Law Connect unveiled four common risks the world is facing.
Global insurance market to see fastest growth in 18 years
The industry bagged $1.2t in premium income in the past three years.
Asia-Pacific M&A decline less severe amidst global drop
Comparative resilience seen despite significant global downturns.
MS First Capital Insurance CEO Ramaswamy Athappan has passed away
MSFC is an affiliate company of MSIG Asia.
Chinese insurers to benefit from bancassurance rule-lift
The removal of the rule is seen to increase premium growth.
Allianz Malaysia sees 15.1% revenue jump in Q124
It saw its revenue total $281.4m.
Philippine HMOs see 17.3% surge in healthcare payouts
This was equivalent to $255.9m in healthcare benefits.
Swiss Re Institute report predicts AI impact on health industry
Insurers are advised to take advantage of this to expand cyber risk offerings.
6 in 10 APAC firms fear political risk this year
However, this consensus was smaller than the previous year’s 67%.
Canopius names new group chairman
Watson will step down whilst Haste will start his role in July.
SG-based Income Insurance eyes APAC expansion: Report
Discussions are still in the early stages and may not result in a transaction.
Commentary
AI isn’t replacing insurance, it’s finally making it work