Insurance
Oona Insurance eyes M&A to boost earnings
Oona Insurance eyes M&A to boost earnings
Stricter capital rules are pushing weaker players out of the Philippine market.
This week in insurance: APAC engineering cover leads growth, H1 NatCat losses hit $84b, Allianz-Jio form India reinsurer
Global commercial insurance rates fell by 4% in the second quarter of 2025.
Income Insurance launches grant with NCSS to aid caregivers
The insurer will fund up to 20 SSA-run programmes over two grant calls from 2025-2030.
Great Eastern unveils plans to aid multigenerational needs in Singapore
It also covers parents for late-stage critical illnesses like dementia and Parkinson’s.
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.
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1. Hong Kong regulator guts insurance referral fees with 50% cap 2. Can China’s $140b motor insurance market survive a 70% loss ratio? 3. PNB MetLife launches dividend fund linked to insurance 4. Taiwan life insurers face rising risk in $32b FX mismatch 5. India set to outpace China, US in premiums by 2030Resource Center
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
