Insurance

Asia's insurtech funding totals $22m across 10 deals in Q2 2025

The region accounts for 16% of the world’s total insurtech funding.

Markel Insurance names Tim Wills head of Marine in Australia

This marks the company’s first expansion in Australia beyond the long-tail lines.

Japan's pension index sees 4.7% gain in Q2 2025

It’s increase in Q2 was thanks to equities delivering strong domestic and international returns.

China covers 1.07 billion people with basic old-age insurance in 2024

China’s population aged 60 and above reached 310.3 million last year.

Insurance fraud detection market to hit $28.1b by 2031

Claims fraud detection is forecast to grow at the highest rate of 26.8%.

Transamerica Life Bermuda launches indexed universal life in Hong Kong

It offers features including a volatility-controlled VC Uncapped Index Account.

Hong Kong IA to Proceed with Public Disclosure Rules for Insurers from 2026

The new rules apply to both local and overseas insurers with a Hong Kong branch.

Vietnam passes law cutting jobless insurance for firms hiring disabled

The law sets the contribution ceiling at 1% of monthly salary.

Taiwan life insurers see 6% drop in spillover policy sales

First-year premium income from these products reached $657.2m.

Indexed life plans rise as Singapore heirs shun family firms

They offer stability and in-depth estate planning solutions.

This week in insurance: Taiwan backs digital insurers, India eyes parametric cover, Tokio Marine teams with Salesforce

It also saw significant catastrophe losses and HNW and investment-linked product launches.

Tokio Marine eyes AI-adoption boost with partnership

It signed a partnership agreement with Salesforce Japan.

China boosts medical insurance spending on innovative drugs in plan

Spending on these newly negotiated drugs was 3.9 times higher in 2024 than in 2020.