Insurance
Asuransi Wahana Tata’s premium retention drops to 36% in 2024
Its combined ratio increased due to higher property claims and lower net premiums earned.
Asuransi Wahana Tata’s premium retention drops to 36% in 2024
Its combined ratio increased due to higher property claims and lower net premiums earned.
Specialist Risk Group appoints new leader for risk and compliance
She will report to CEO Warren Downey.
Mitsui, Argyle boost SME insurance in Australia
Argyle will provide a business insurance package with a combined limit of up to $7m.
Taiwan life insurers see mixed Q3 2024 results
The FSC approved 240 spillover-effect insurance products from 15 life insurers.
CI Guarantee stands strong with solid capital buffer
The return on equity rose to 3.1% in 2023, higher than the 2021-2023 average of 2.7%.
Japan’s life insurance slated for 4.7% CAGR through 2029
The industry is forecasted to expand by 6.8% in 2024.
Actuaries Institute stresses need for SME cyber defenses
Large corporations reinforced cybersecurity, whilst many SMEs remain behind.
India's life insurance growth slows to 10.6% in October
The industry is expected to grow by 1% to 13% over the next three to five years.
IAIS sets global roadmap with 2025-2029 plan on resilience
Climate change, digital, and cyber are core themes for the coming years.
South Korean insurers brace for profit squeeze amidst rate cuts
Direct premiums from long-term products contributed to a 3.7% increase in 2023.
Tokio Marine partners with R-Cities on resilience finance
The initiative aims to address a growing protection gap.
Japanese life insurers' premium income doubles to ¥16t YoY
Assets of Japanese insurers also doubled to $2.56t.
Swiss Re net income falls 12% in 9M 2024
In the third quarter, its net income was $102m.
Taiwan insurance sector profits rise to $9.8b, up 3.5% YoY in September
Both life and non-life sectors recorded double-digit growth.
Allianz-Income merger in limbo as parties weigh new rules
A CEO said there is no guarantee that any transaction will take place.
HDI Global launches first complete ESG liability coverage worldwide
It was initially offered in Italy, Spain, and Portugal.
Sun Life Hong Kong expands SunJoy Global currency options
It also extended its medical services coverage to include several Eligible Savings Plans.
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1. Aon to acquire Mitsubishi Chemical Group’s insurance agency 2. Singapore’s life insurance slated for $43b premiums in 2029 3. MAS updates rules on life insurance product launches 4. APAC emerges as leader in renewables insurance 5. Rising healthcare costs drive growth in Indian insurance: McKinseyResource Center
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Humans need to be in insurance’s genAI loop
![Humans need to be in insurance’s genAI loop]()
Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
