Insurance
Hanoi Re faces elevated expense ratio challenges – AM Best
Hanoi Re faces elevated expense ratio challenges – AM Best
As one of the two domestic reinsurers in Vietnam, Hanoi Re has a moderate underwriting risk.
Malaysia's insurance industry grows 7.8% in 2023
On the other hand, underwriting profit contracted by 26%.
Transactional insurance hits $49b in ‘challenging year’ – Marsh
Marsh said that it experienced its third-busiest year on record.
Asia's protection gap leaves $59b uncovered – Aon
Losses from natural disasters left the region 48% lower than the 21st century average.
Generative AI to boost the insurance sector by $50b
Investing in generative AI could boost revenues by 20% and minimise costs by 15%.
Critical illness coverage penetration challenges: Understanding Singaporean Struggles and Solutions
Societal discomfort around discussions of illness and mortality contributes to a reluctance to confront the need for adequate insurance coverage among...
Renewables push faces climate hurdles post-COP28
As the world advances towards net-zero, protecting our renewable assets from extreme climate events is vital.
Lloyd’s sees 11.6% gross written premiums surge in 2023
Its overall profit before tax stood at $13.5b.
MSIG beefs up overseas students' coverage
It plans to extend the protection to the insured student’s spouse and up to five children under the policy.
S&P predicts modest capital upkeep for PICC Group amidst market changes
The insurance group benefits from risk diversification, supporting its capital adequacy.
Prudential's Asian life business beats expectations with $3.1b NBP
Jefferies expects Prudential to exceed medium-term growth targets.
Qoala secures $47m in Series C funding
Total capital raised to date surpasses $130m.
Record-breaking Nat Cat causes $108b insured losses in 2023, says Swiss Re
Over the past 30 years, insured losses from Nat Cat have outpaced global economic growth
HDI Global SE’s insurance revenue soars 10% YoY in FY'23
Its Singapore business expanded its product offering through political and credit risk market entry.
Hong Kong’s women in insurance rising in a male-dominated business sector
Hong Kong’s female insurance executives show how they take on leadership roles.
Strong women in insurance speak on gender bias
Leading women in Singapore’s insurance industry highlight the role of support networks and mentorship in advancing women’s careers in male-dominated...
Allianz General and ProppyApp ink MoU to expand insurance access
Users will gain access to a range of insurance products via their mobile application.
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AI isn’t replacing insurance, it’s finally making it work