Insurance
Asian Re grows profit with disciplined underwriting in 2024
Asian Re grows profit with disciplined underwriting in 2024
AM Best expects performance to be supported by underwriting and investment income.
AIA injects $277m into China Post Life for market growth
AIA retains its 24.99% stake in China Post Life.
Vietnam enacts new social insurance law effective 1 July
The changes aim to increase long-term participation.
Philippines, FAO push insurance access for small fishing vessels
The country offers subsidies, flexible payment schemes, and simplified products.
South Korean life insurers see sharper capital dip in Q1 2025
As of end-March 2025, the average K-ICS ratio stood at 197.9%.
MAS responds to Tan’s letters on Allianz-Income deal process
The insurer did not submit an application for capital reduction.
Blockchain in insurance to grow to $60b by 2032
Asia-Pacific is expected to register the highest CAGR in the coming years.
India life insurance ownership hits record 78% in latest IPQ survey
Three in four urban respondents now prioritise coverage over cost.
China life premiums rise 1% as non-life sector grows 5% in 2025
Life insurers are moving towards participating products with lower guaranteed returns.
APAC seen as fastest region in medical insurance market with 12.4% CAGR
The global medical insurance market was valued at $1.7t in 2023.
Pru Life UK launches Shari’ah-compliant life plan in Philippines
It has a a minimum annual contribution of $4.25 (₱250).
Indonesia enforces 10% co-pay rule for private health insurance
This could dampen hospital revenues in fiscal year 2026.
Prudential plans to improve health access in support of 2047 goal
The company also expanded its footprint in Bengaluru.
AI slashes issuance time for nearly half of clients: Policybazaar
AI is also used to manage over 30% of first-contact customer queries.
Insurers cut coal mine coverage as carbon policies gain traction: Study
Carbon underwriting decisions are a potentially powerful tool in the insurance sector.
Health insurance market to hit $4.45t by 2032
The market is expected to grow 9.7% yearly.
NRMA Insurance tallies more claims in 2025 than all of 2024
69% of Australians are now more aware and concerned about extreme weather risks.
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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