Insurance
India’s insurance domestic investments grow 6.5% YoY in FY 2025
India’s insurance domestic investments grow 6.5% YoY in FY 2025
It was due to a slowdown in economic activity and vehicle sales.
Cambodia's gross premiums up 6.6% in April
Life insurance increased by 9.8% YoY to $16.3m.
FWD Life Insurance is the Philippines' top life insurer in Q1 2025
Its new business annual premium equivalent rose 57% during the quarter.
Lloyd’s updates executive team, splits chief of markets functions
Rachel Turk and Caroline Sandeman-Allen are tasked with underwriting and oversight, respectively.
RGA and Dai-ichi Life sign $1b coinsurance deal
The effective date of the transaction is 31 March 2025.
Australia sues insurance comparison site Choosi for alleged misleading claims
About 4,225 funeral insurance policies and 9,478 life insurance policies may be affected.
Swiss Re promotes Cyrus Pang to director, Asia head of claims
Pang has been with Swiss Re for over 4 years.
AIG names Celina Ennis as head of ANZ
Ennis will join from Allianz, where she worked for 4 years.
Lockton appoints Darryl Lee as head of ProExec
Lee joins from Aon, where he spent 8 years.
Australia to redraft new insurance code of practice
Public consultation will take place in the first quarter of 2026
Sompo Japan Insurance submits improvement plan after info leakage
It has apologized to customers and stakeholders.
Dai-Ichi Life HD buying 15% stake in M&G, expects $2b in new business
There will be no change in M&G’s issued share capital.
Igloo launches digital tools to support insurers and partners
This is because APAC insurers spend under 3% of GWP on tech.
Japanese life insurers increase US exposure for stable returns
Fitch expects the share of overseas business from North America to grow steadily.
Prudential Hong Kong begins accepting claims for histotripsy care
Histotripsy uses focused soundwaves to create microbubbles within a tumour.
FWD Hong Kong adds cross-border care via New Frontier deal
The initiative includes a cashless hospitalisation service.
Foreign reinsurers raise India market share to 49% in FY 2024
According to GlobalData, this share is expected to surpass 50% in 2025.
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