Insurance
Income Insurance faces CreditWatch by S&P Global
Income Insurance faces CreditWatch by S&P Global
S&P Global aims to resolve the CreditWatch status within the next 90 days.
Prudential unveils $2b share buyback plan
It expects its 2024 annual dividend to grow in the range of 7% to 9%.
HKIA warns against unlicensed insurance sales to MCVs
New office premiums for life insurance bought by MCVs reached HK15.6b.
Why global cyber insurance market will remain stable in the next 12 months
Geopolitics and AI are ongoing risks that could potentially impact profitability.
Innovative partnerships propel FWD’s health insurance growth in APAC
FWD’s new health unit, HealthyMe, aims to meet the region's growing healthcare demands amidst rising incomes.
Marsh lists 4 ways to gain an advantage in growing EV market
The EV insurance market is forecasted to expand to $687.62b by 2029.
ICA welcomes NSW budget, aims for insurance affordability
NatCat events in the past two years caused $2.64b (AU$4b).
China's insurance assets surge to $32t
The industry represents only 7% of China's total financial assets.
New IRDAI rules enhance grievance redressal
It also aims for a “zero grievances” status.
MS First Capital elects new CEO after the passing of former
Ramaswamy Athappan passed away last month.
ICA proposes updates to insurance code
The code was first introduced in 1994.
Vietnam and the IMF discuss social insurance expansion
Topics included enhancing pension policies amidst changes to the Law on Social Insurance.
Australian insurer warns of anxiety levels caused by extreme weather
Over half of individuals said they turn to family for mental health support.
Prudential Hong Kong opens multipurpose space
It also expanded its academy to this 53,600 sqft office.
Vietnam stresses efficient health insurance management
General Director Nguyen pushes for strengthening the system for statistics, synthesis, and evaluation.
Australian insurance sector combats inflation with premium hikes
Its life insurance premiums are seen to grow ~3% in 2024 and 2025 modestly.
Vehicle damage leads $356m hailstorm claims in Hyogo
Total claims paid reached 119,238.
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1. HDI Global Japan targets commercial and cyber insurance growth 2. FWD reshuffles leadership as CFO successor named 3. Howden’s Shweta Swaroop pushes pay data transparency in insurance 4. GrabInsure rolls out insurance for SG private-hire vehicle drivers 5. Prudential profit rockets 71% in 2025 as S&P elevates rating to AAResource Center
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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