Insurance
MSIG Insurance inaugurates assisted living cover for personal accident holders
MSIG Insurance inaugurates assisted living cover for personal accident holders
This benefit was previously available only through life insurance.
Embedded insurance emerges as fastest-growing distribution channel
Nearly a third of professionals favour it over direct-to-consumer models.
Global protection gap narrows to 36%, lowest Q1 figure since 1990
Earthquakes in Myanmar and China were drivers of insured losses from disasters.
Regional disaster insurance pools sign $5.4m collaboration agreement
The grant will be used to build a joint learning network.
Philippines expands allowable investments for regulated insurers
It introduces investment types like debt securities by supranational organisations.
Markel announces acquisition of marine insurance specialist MECO Group
Markel plans to leverage MECO’s presence in APAC.
Insurers and pensions fill infrastructure lending gap: AllianzGI
The volume of debt being taken up by institutional investors has steadily grown.
Singaporeans hesitant on insurance as investment, CIMB study shows
Yet, less than half are financially prepared for their retirement.
Hong Kong boomers concerned over cross-border health insurance claims
Over a third of boomers plan to retire outside of Hong Kong and Macau.
Half of Indians risk financial strain by selecting insufficient health coverage
51% incorrectly believe that critical illness treatments cost less than Rs5 lakh.
Miller reels ex-Munich Re as new head of Origination, Strategic Advisory
She spent 26 years at the company in various senior roles.
What will drive Japan’s insurance sector to surpass $470b by 2029?
Premium increases in life and general insurance will boost the industry this year.
Insurers weigh AI personalisation against data risk
Firms face pressure to balance customisation with privacy safeguards.
Insurance BPO forecast shows $5.4b rise over nine years
APAC is also forecasted to be the fastest-growing region.
LIAM names AIA’s Ben Ng as new industry association president
He succeeds Raymond Lew, who served as President, Vice President for over 5 years.
Southwest monsoon leaves 90% economic losses uninsured in 2024
Key sectors affected were agriculture, energy, and manufacturing.
Premiums of Cambodia’s insurers bag $30m in February
This was smaller than January’s $43m.
Commentary
The increasing number of affluent individuals in India and their evolving insurance needs