Insurance
Premium grows 9.5% in 2023 outpacing nominal global GDP
This was mainly driven by carriers pushing for rate adequacy after high inflation.
6 days ago
Premium grows 9.5% in 2023 outpacing nominal global GDP
This was mainly driven by carriers pushing for rate adequacy after high inflation.
6 days ago
Zurich eyes to surpass 23% ROE in next three years
It also aims to achieve core EPS with a CAGR of over 9%.
6 days ago
IFRC-DREF triggers insurance payout after disaster relief demands exceed threshold
The policy provides up to $16.92m in coverage.The International Federation of Red Cross and Red Crescent Societies' Disaster Response Emergency Fund...
6 days ago
Individual health claims rise 29.3% as overall payouts dip in Indonesia
Surrender claims and death claims fell by 13.5% YoY.
6 days ago
S’pore’s NTU develops AI model for affordable farmer insurance
It could improve policyholders’ wealth by nearly 5% whilst being 37% cheaper.
6 days ago
Canara HSBC Life unveils OmniGen AI to streamline underwriting
It also helps underwriters refine key judgement points in risk evaluation.
6 days ago
QBE's conservative portfolio curbs investment risk
Net profit doubled year-on-year to $806m in H1 2024.
6 days ago
Aon appoints new leader for data and analytics
He will be based in Singapore.
6 days ago
Increased capital ratio supports Arch Indemnity's growth
Fitch expects this ratio to remain above the insurer’s internal target range.
6 days ago
Chaucer appoints new class underwriter for political risk
Ng specialised in political risk underwriting at AXA XL before joining the company.
6 days ago
China-based Groupama SDIG enhances non-agri insurance strategy
Over the past three years, the company’s combined ratio averaged 98%.
6 days ago
Half of risk leaders confident in current strategy: WTW
23% of respondents said supply chain issues as a critical challenge.
6 days ago
Climate change alters insurer risk management: S&P
Secondary perils have caused the reinsurance industry to regain capital in 5 of 6 years.
Hanwha Life acquires 75% stake in US firm Velocity Clearing
It aims to establish a foothold in the US financial sector.
Allianz Asia Pacific's business volume jumps 16%
The annualised premium (ANP) for Life/Health grew 14%.
New PH rule allows insurers and reinsurers to invest in infrastructure projects
Investments may be made through equity or debt.
APAC insurance M&A activity slows in Q3
Two major transactions faced regulatory scrutiny during the quarter.
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Most Read
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. APAC emerges as leader in renewables insurance 5. Rising healthcare costs drive growth in Indian insurance: McKinseyResource 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.
