Insurance
Crop insurance set to grow 6.9% annually through 2029
Crop insurance set to grow 6.9% annually through 2029
Growth is driven by use of advanced weather prediction systems.
Insurers expected to face demand for extended statutory liability cover
Directors and officers will also face higher personal accountability.
Aerospace insurers tighten discipline after late 2024 airline losses: WTW
Premiums have stayed flat despite rising aircraft values.
Taiwan drives higher reinsurance prices after 2024 earthquake losses
Despite the loss activity, capacity remained strong.
How Japan's non-life insurers record $12.4b net income in fiscal 2024
As of 30 April, 57 general insurance companies were operating in Japan.
Aon launches specialist claims unit to boost insurer’s profitability
The business will be led by global co-heads Veronica Judice and David Griffiths.
Insurers urged to ease healthcare costs in Asia, study shows
In Indonesia, 93% of patients reported postponing treatment.
IRDAI urges insurers to pass GST relief fully to customers
The Chairperson urged insurers to develop products for different population groups.
HKIA welcomes policy address with marine risk pool opportunity
The regulator said it will create new bussiness opportunities.
Insurance helps de-risk climate projects as $6t investment needed: WTW
Credit and political risk cover are helping banks finance renewable and transition projects.
Insurance outsourcing market set for 7.1% CAGR growth
Asia-Pacific is projected to record the fastest growth.
Opulence launches captive insurance cell
The new captive cell is supported by NTG Holding Limited and backed by China Re.
COSCO SHIPPING Captive Insurance outlook stable with strong capital base
The company plans to maintain a fixed-income focused portfolio.
Singlife partners Circles Group to widen SME insurance options
It also offers round-the-clock incident response support.
Sumitomo Life issues $1.2b subordinated notes listed in Singapore
The 5.875% step-up callable subordinated notes are due in 2055.
Hotai Insurance outlook steady with capital buffers and parent support
Net profit reached $62.7m (NT$1.9b) in 2024.
Reinsurance capital expected to rise 8% through 2025: Gallagher Re
Reinsurers will also maintain strong profitability this year.
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1. Remote job demand in Singapore insurance rises 15.3% 2. India insurance market sees moderating premium growth: Report 3. Tokio Marine Life, RHB launch guaranteed-acceptance plan for seniors 4. Manulife to sell MVI Life to Japan’s Asahi Life 5. Hong Kong reinsurers to absorb significant claims from Wang Fuk Court fireResource Center
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AI isn’t replacing insurance, it’s finally making it work