Insurance
Surety market to grow 5% annually through 2030
Surety market to grow 5% annually through 2030
Markets like Australia and South Korea are expected to remain stable.
Mitsui Sumitomo Insurance targets Chinese nationals in Thailand
The Chinese accounted for 53% of foreign students in Thai universities last year.
This week in insurance: Air India crash pressures reinsurers, Japan expands overseas, Gen Zs suspicious of insurance
The Philippines’ pre-need sector also by 31.23% year-on-year.
AIA and Aegon win approval for asset firms in Shanghai
The approvals were announced by Li Yunze, director of the NFRA.
Zurich Kotak General Insurance reveals two new appointments
Both appointments will focus on the company’s Commercial Insurance unit.
Meiji Yasuda holds 1.7x market share versus average life insurer
But profitability remains weak, with a return on capital of 2.1% in fiscal 2025.
Shriram General wins ₹28.6m claim case with fraud ruling in Rajasthan
The case involved a Toyota Fortuner insured by SGIC.
Most New Zealanders back risk-based pricing for climate-related insurance
60% agree insurers should raise premiums for properties facing higher risks.
Shin Kong Life to boost earnings with Taishin Life merger by 2025
The insurer’s risk-based capital ratio rose to 221% in 2024.
New employment law in Vietnam enhances labour rights, insurance
The insurance will cover job counselling, skills training, and financial support.
Brunei finance and insurance sector posts mild optimism in April
The improvement was attributed to higher demand for motor insurance.
Malaysia introduces diagnosis-based pricing in health insurance reforms
The Health Minister said the product aims to support more sustainable private sector financing.
Insurance analytics market to reach $44b by 2032 on data demand
Asia-Pacific is emerging as the fastest-growing region.
Fitch signals weak earnings outlook for Taiwan life insurance sector
Fitch said it will assess how the sector adjusts its risk management strategies.
Asia’s construction casualty insurance market to stay stable
Premium reductions are more likely in softer markets like Korea and China.
Hanwha Life to maintain strong capital and stable earnings
Earnings outlook is stable, backed by $6.6b in accumulated CSM.
India’s non-life premiums rise 6.5% YoY in May
CareEdge expects standalone health insurers (SAHIs) to continue leading in the retail.
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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