Insurance
India’s non-life premiums rise 6.5% YoY in May
India’s non-life premiums rise 6.5% YoY in May
CareEdge expects standalone health insurers (SAHIs) to continue leading in the retail.
Fukoku Life to sustain earnings growth on wider investment spread
Fitch expects this trend to continue over the next three to five years.
LIC fast-tracks claim payouts for Air India Flight 171 victims
The insurer has introduced concessions to ease the claims process.
Over half of Gen Z cite distrust or confusion over insurance
Fitness programmes or smartwatch discounts were seen as tools to drive engagement.
Over half of Australians open to switching health insurers for perks
Other popular incentives included bonus frequent flyer points.
Aon urges insurers to consider client readiness in cyber cover
It found that cyber events with PR fallout cut value by 27%.
IRDAI directs insurers to expedite Air India Flight 171 claims
Settlement is to be made directly to nominees listed in policies.
Vietnam expands social insurance to cover household business owners
The minimum monthly contribution stands at $22.42.
Singlife to support customers after Jetstar Asia closure
All claims will be assessed following applicable policy limits.
Philippine pre-need premiums grow 4.4% in early 2025
Total premium income also grew by 4.41% to $105m.
China leads Asia telematics growth with insurer tech adoption
Global expansion is driven by the increased adoption of usage-based insurance.
Fitch expects China United Property Insurance to maintain stable underwriting in 2025
But increased allocation to risky assets may threaten capital and earnings.
Chubb Life opens Hong Kong wealth hub for high-net-worth clients
Chinese visitors alone spent $8b on life, critical illness, and medical policies in 2024.
Taiwan non-life premiums rise on tighter underwriting discipline
Motor insurance remained the largest segment.
Erajaya Digital debuts repair and cyber alert service with bolttech
The programme includes repair coverage for physical damage.
Air India crash raises pressure on global aviation reinsurers
Claims from this single event could potentially exceed the entire annual premium.
Tokio Marine sets global AI governance policy with oversight rules
Key provisions ensure AI decisions remain subject to human judgment.
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