Insurance
Tokio Marine, Marsh launch port disruption insurance
Standalone coverage provides up to $50m in capacity for losses.
Tokio Marine, Marsh launch port disruption insurance
Standalone coverage provides up to $50m in capacity for losses.
Why are few companies opting for AI-specific insurance?
Ransomware and phishing now worry 35% of executives.
China's insurers adjust risk control amidst lower returns
P&C insurers’ underwriting margins may shrink further.
Primary insurers bear more risk in new reinsurance climate
NatCat losses in the first half of 2024 were driven by medium-sized events.
Sun Life accelerates client-centric transformation with data insights
Feedback and technology play key roles.
Income Insurance introduces new EV plan, ‘range anxiety’ coverage
The plan has optional coverage for private charging stations up to $3,880.90.
India eyes turnaround plan for public insurers
The upcoming Ind AS 117 is expected to recalibrate solvency ratios.
Filipino Muslims seek more Shari’ah-compliant options
Ethical values heavily influence decisions, with healthcare as top priority.
SEADRIF allocates $750k for Lao flood relief
The payout was initiated on 20 September, just five days after severe flooding.
Rising property values boost home insurance demand
The market is projected to reach over 7% CAGR.
Insurance, pensions see 6.2% rise amidst market gains
Asia’s household financial assets grew by 7.5%.
Cyber insurance demand rises in APAC's emerging markets
APAC cyber insurance market is growing at nearly 50% annually.
Why Vietnam’s insurers are pivoting to foreign reinsurers for large policies
Local firms reinsured $246m domestic reinsurance premiums, $902m were transferred to foreigners.
What will drive the Thai general insurance market to reach $10.9b by 2028?
Motor, the largest segment, is expected a boost from EV registrations.
A quarter of Singaporeans yet to start planning for retirement
They also project an expenditure of less than $6,000 per month.
Federal Court rules on IAG business interruption class action
The court expressed its intent to declass the representative proceeding.
APAC insurance stability bolstered by strong risk management
87% of the APAC rating units had stable outlooks at the end of 2023.
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1. Aon to acquire Mitsubishi Chemical Group’s insurance agency 2. Singapore’s life insurance slated for $43b premiums in 2029 3. MAS updates rules on life insurance product launches 4. Rising healthcare costs drive growth in Indian insurance: McKinsey 5. Reinsurers set for strong earnings through 2026Resource Center
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Humans need to be in insurance’s genAI loop
![Humans need to be in insurance’s genAI loop]()
Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
