Insurance
Peak Re maintains strong capital with disciplined underwriting in Asia
Peak Re maintains strong capital with disciplined underwriting in Asia
AM Best expects Peak Re to sustain its growth in life and structured reinsurance.
Lenders’ mortgage insurance market to bag $9.85b in 2025
Asia-Pacific is projected to be the fastest-growing region through to 2029.
South Korea reinsurance market strengthens with 2025 renewal gains
Insurers are also tapping capital markets through subordinated and hybrid debt.
Ocean hull premiums grow as fleet value climbs to $1.54t
Asia-Pacific accounted for 35% of market premiums.
Cyber insurance market grows 7% to $15b in 2024
Despite softer demand and rising competition, the sector remained profitable.
bolttech and Harmony Auto launch EV insurance for BYD in Indonesia
It supports Indonesia’s goal of putting 2 million electric cars on the road by 2030.
WTW, Sompo form global partnership on Radar pricing rollout
The Japanese company said it allows them to revise premiums faster.
Prudential Singapore debuts lifetime plan with wealth transfer
Customers can choose from three indices.
Tata AIA launches Shubh Maha Life with flexible retirement cover
The plan offers higher life cover during working years.
China Life Insurance outlook lifted as CGS raises forecasts
CGS International expects NBV margins to improve.
Canopius Group appoints Ray Wong as APAC energy underwriter
Wong will be based in Singapore and report to Johnny Kim.
Zurich Insurance set to sustain strong earnings despite pressures
It achieved its 2023 to 2025 targets early and set new goals through 2027.
Philippines HMOs lift healthcare benefits 20% in first half 2025
The industry’s net income surged 131.12% to $0.03b.
South Korea’s general insurance sector bound for 3.8% CAGR through 2029
Motor insurance will account for 58.7% of direct written premium (DWP) in 2025.
Sompo Japan launches methane detection service with partners
JGC will offer on-site and drone-based measurements.
Aon boosts insurer communication with platform for catastrophes
It provides real-time loss estimates through Impact Forecasting’s Automated Event Response.
Tokio Marine Kiln appoints Phoebe Liew as special risks underwriter
Liew joins from Texel in Singapore.
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AI isn’t replacing insurance, it’s finally making it work