Insurance
KakaoPay Insurance hits 1.5m travel insurance enrollments
KakaoPay Insurance hits 1.5m travel insurance enrollments
It has integrated its services through KakaoTalk, which has over 41 million users.
Life/annuity reinsurers see improved conditions amidst higher rates
L/A reinsurers remain well-capitalised until 2025.
Japan’s vehicle insurance costs to climb in new year
The country’s big 4 players may raise premiums up to 5%.
IRDAI aims for accessible insurance by 2047
Innovations in the insurtech sector were discussed to meet insurance goals.
Sunshine Insurance H1 2024 net profit rises 8.3% YoY
EPS stood at $0.04.
SEA insurtech funding hits $1.8b
80% of the sector’s funding was secured in the past five years.
APRA sets four-year plan for financial sector stability
APRA will collaborate to address the protection gap in household insurance.
Tough reinsurance market compounded by IFRS 17
Although this shouldn’t affect a company’s financial strength, says AM Best.
A quarter of businesses with standalone cyber insurance act quicker
About 37% of enterprise respondents secured $100m or more in coverage.
Zurich and GXBank target online scams with new insurance
Coverage price ranges from $0.23 per month to $0.92 per month.
Prudential’s H1 2024 IFRS profit declines YoY
It dwindled 80.8% to $182m.
Japanese life insurers poised for earnings growth
Though other insurers have weaker profiles due to smaller operations, business diversification
China expands medical insurance to over 72% of village clinics
It aims to cover 100% of rural villages by the end of 2024.
Korea P&I Club's conservative investments support stability
KP&I has implemented general premium increases.
Reinsurers capital seen to reach $625 by end of year
Thanks to higher retained earnings and lower investment losses.
AIA Vietnam’s profit dwindles in H1 2024
Revenues from insurance activities fell by 10.4%.
Australia’s top five insurers contribute 33% of insurance, pension market
Rising B2B costs pushed overall industry costs up by 2.5%.
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Jul
07
Event News
An expert said Singapore saves 36% of its income despite having high protection and critical illness gaps.
