Insurance
HSBC Life Singapore appoints Ruhil Bairagi as new COO
HSBC Life Singapore appoints Ruhil Bairagi as new COO
He has over 20 years of experience in life, health, and general insurance.
Singlife offers SME premium discount with WSH Council tie-up
The offer applies to Singlife’s MyBenefits Plus plan and is valid until 31 March 2027.
Blockchain in insurance to grow 53.7% annually
The market was valued at $2b in 2024.
Global insurance rates fall 4% in Q2 2025 on competition gains
All regions reported year-on-year rate reductions.
Auto insurance market to reach $2.27t by 2032
Asia-Pacific is forecast to be the fastest-growing region through 2032.
How will Malaysia’s general insurance market perform in 2025?
Pressures like new reciprocal tariffs from the US could impact future growth.
Chubb posts 33% Q2 2025 profit surge as income hits $3b
Regionally, premiums rose 12.7% in Asia.
Mainland Chinese deposits surge as Hong Kong insurers gain
End-2024, Hong Kong’s MCV insurance market reached HK$62.5b (US$8b).
Zurich Insurance unveils lead broker relations, business development in Singapore
He will be responsible for boosting broker and client relationships.
APAC to lead medical liability insurance market with 14.1% CAGR
Globally, the market was valued at $12.5b in 2021.
Australia’s general insurance market to reach $93.9b by 2029
In 2025, the market is expected to reach $68b.
Annuity insurance market to grow 4% annually, reaching $1.5t by 2032
But high cost of annuities and other constraints hinder market growth to some extent.
Only 4% of insurers fully trust AI agents despite growing interest
42% of insurers have yet to develop a formal strategy for deploying AI agents.
Guy Carpenter names Hakes global head of Marine, Energy and Technical Lines
He has over two decades of experience in the industry.
Globally insured losses highest since 2011
But the total global economic losses stood at $151b, lowest since H1 2021.
Prudential’s Hong Kong insurance business still key despite India buzz
India contributed only 3% of fiscal year 2024.
bolttech, OMRON launch subscription plan for blood pressure monitor owners
It offers up to S$10,000 protection for heart attacks and strokes.
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AI isn’t replacing insurance, it’s finally making it work