Insurance
Asia-Pacific, Africa struggle with $24b in uninsured losses: Munich Re
Asia-Pacific, Africa struggle with $24b in uninsured losses: Munich Re
Only $0.6b was covered by insurance after the magnitude-6 earthquake in Tainan, Taiwan.
Taiwan’s insurers report $650m loss in H1 2025 earnings
In contrast, non-life insurers posted a pre-tax profit of $0.52b.
China expands insurer assessment cycles to promote stability
The previous system only focused on the current year and a three-year cycle.
APAC medical professional liability insurance to grow 11.5% through 2034
In 2023, China had approximately 4.78 million medical practitioners.
Filipinos delay insurance due to other expenses: Survey
The urgency to buy life insurance has declined since the COVID-19 pandemic.
Taiwan’s life insurers lead AI adoption with 67% uptake
Insurers primarily use AI for internal operations, customer service, and fraud detection.
China’s horse insurance growth to register 13.5% CAGR through 2035
India follows at 12.5%.
Thailand’s life insurers post $10b in H1 2025 premiums
New business premiums rose 7.38% YoY.
Malayan Insurance completes IFRS 17 rollout ahead of deadline
The implementation was extended to 2027.
Tata AIA launches Shubh Shakti for women with life cover
The launch follows rising female workforce participation in India.
India expands parametric insurance in climate-hit sectors
India’s parametric market is growing at a faster pace of 11.3% annually through 2028.
Trade credit insurance market to grow 10.7% annually through 2033
Asia-Pacific is forecast to grow at the fastest rate.
Prudential Hong Kong appoints three new executives to ExCo
They all report to CEO Lawrence Lam.
FWD Hong Kong offers new IUL policy with uncapped index tie
Hong Kong ranks first in Asia in wealth per adult.
Willis appoints Atilgan as head of trade credit growth in Asia
He has over 20 years of experience in finance, banking, and insurance.
Bridging the protection gap: Bancassurance and life insurance in Cambodia's ASEAN context
Cambodia has strong foundations to close its protection gap—starting with a high level of trust in banks.
HK life insurance booms amidst regulatory reforms
There has been a surge in sales made by both banks and smaller insurers.