Insurance
ASIC plans to extend digital disclosure rules for five years
ASIC plans to extend digital disclosure rules for five years
Changes include simpler language, updated legal references, and better examples.
Asia-Pacific home insurance market to grow 10.12% by 2032
Globally, the market is expected to bag $477b.
Aon reports 22% rise in APAC cyber claims in 2024
Claims involving social engineering and fraud surged 233%.
Zurich Malaysia launches AI assistant for agent support via WhatsApp
The tool is available 24/7, helping agents reduce turnaround time.
HDI Global secures Japan nod for parametric quake coverage
The initiative is in collaboration with Descartes.
Miller launches marine insurance team in Korea with four hires
KyungSeop (KS) Shim joins from Marsh Korea as head of Specialty, Korea.
HNWIs prioritise health over wealth in new Manulife study
But only 44% feel very or extremely confident that they will remain healthy.
Sun Life survey notes dip in insurance ownership claims
Only 8% of Singaporeans are planning more than 10 years ahead.
Japan’s retirees favour tax-deferred annuities for security
Only 40% were willing to convert assets into guaranteed lifetime income.
Cyber insurance market to hit $74b globally by 2033
The market was valued at $14.2b in 2024.
Agricultural insurance boosts China’s farm output by 8.99%
The impact is especially strong in China’s eastern provinces.
Great Eastern to maintain capitalisation, profitability after failed privatisation
It should maintain its capitalisation even after the proposed share issuance.
Zurich China pays $19.78m in US remote control lawsuit
A six-year-old boy in the US suffered stomach injuries after swallowing a remote battery.
Asia-Pacific insurers expand capacity for sound green projects
APAC contributed about 421.5 GW of new renewable capacity over the past 10 years.
Bharti AXA introduces insurance plan for middle-income India
It provides life insurance protection worth up to 30 times the annual premium.
India’s life insurance premiums fall 3.1% in June 2025
The decline was mainly due to lower credit life sales.
Asia-Pacific aviation insurance to grow 8.7% through 2032
Globally, the market is projected to accumulate $7.1b by then.
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1. Remote job demand in Singapore insurance rises 15.3% 2. India insurance market sees moderating premium growth: Report 3. Tokio Marine Life, RHB launch guaranteed-acceptance plan for seniors 4. Manulife to sell MVI Life to Japan’s Asahi Life 5. Hong Kong reinsurers to absorb significant claims from Wang Fuk Court fireResource Center
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AI isn’t replacing insurance, it’s finally making it work