Insurance

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%.

Asians spend 30 times less on insurance than Americans

Despite major markets like China and Japan, per capita spending remains modest.

How insurers can harness AI for enhanced risk assessment

Generative AI augments decision-making and hyper-personalization.

Great Eastern backs MoH's pre-planning initiative with new legacy programme

This makes the insurer the first one to support the pre-planning campaign.

Insufficient insurance amplifies banks' climate risk

The lack of coverage raises silent risks in the banking industry, Aon said.

Court penalises agent for premium theft

A client paid $7,693 to the agent, which was later misappropriated.

FWD’s net profit halves in H1 2024

All four geographic business segments delivered operating profitability.

Foundation Life (NZ) focuses on restructuring life insurance portfolio

If the proposed scheme is completed, the company is seen to cease insurance activities.

Tune Protect Thailand reels in new CEO

She previously worked with MSIG Thailand.