Insurance
Home insurance affordability worsens across Australia
Home insurance affordability worsens across Australia
Affordability stress has surged by 30% over the past year.
Why nearly half of S’poreans feel hopeless reaching financial freedom
The average consumer owns 3 types of insurance, but only 57% have life coverage.
Allianz Malaysia’s Q2 2024 earnings show modest growth
The H1 2024 performance of its general segment was offset by its life business.
Profits of Sri Lankan insurers jump 35% YoY in Q1 2024
Its assets climbed 10.9% YoY.
FWD Life Vietnam’s H1 2024 profit soars 70% YoY
Year-to-date, it reported a loss of $232.5m.
Mega Insurance seen to shift reinsurance strategy amidst domestic concerns
Its investment portfolio has been 90% cash equivalents and fixed-income securities.
Generali Vietnam’s net profit plunges in H1 2024
Total assets amounted to $281.5m.
India’s insurance and pension market bolstered by B2B spending
Life Insurance Corp of India leads the sector.
Reinsurers meet cost of capital for first time in four years
The industry's weighted average cost of capital rose to 8.12% in 2023.
China Pacific Insurance poised for stable outlook in the next two years
CPPIC is expected to remain a core subsidiary of CPIC Group.
Philippine general insurers’ net income expands to $90b in H1 2024
Total assets also increased by 6.86% YoY.
Premium income of Chinese insurers in H1 2024 climbs 4.9% YoY
Claim and benefit payments amounted to $172.20b.
Increased insurance premiums impact retirement budgets: ASFA
Couples around the age of 65 require $49,290 annually for retirement.
Central Reinsurance Q2 2024 net income surges to $183m
EPS stood at $0.03.
Pet insurance market slated for 8.1% CAGR by 2032
Several insurance companies now offer multi-pet insurance policies.
AI drives insurance productivity, faces scaling challenges
Scaling efforts are hindered by regulatory, data, and governance challenges.
Life Insurance Corporation of India’s Q1 profit up 9.6% YoY
Total premium income for Q1 2024 stood at $1.4b.
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