Insurance
This week in insurance: UPI dominates payments in India, AXA re-domiciles to HK, Vietnam goes digital
This week in insurance: UPI dominates payments in India, AXA re-domiciles to HK, Vietnam goes digital
In addition, SingWealth Holdings has obtained an insurance brokerage licence in Hong Kong.
Howden Re sees capital inflows boost mid-year reinsurance supply
Renewals generally saw strong demand, with most programmes achieving full subscription.
Singlife adds turbulence injury payouts to travel insurance plans
This new benefit is now included in all tiers of its travel plans.
Bupa Hong Kong expands network with four mainland China partners
The insurer added 69 locations in 10 mainland cities.
Rise of early-onset chronic illness press traditional insurance models
The median age for cardiology consultations has dropped to 33.
Pinnacle Life gains stable outlook on strong capital position
Operating performance is forecast to remain adequate.
Asia’s insurance markets grow in 2024 on life, health gains
China led Asia’s life insurance recovery.
Insular Life posts 1.1% rise in FY 2024 net income
New Business Premiums surged by 20.0% YoY.
India’s insurance industry sees 32% to 34% annual growth
Over the past nine years, the industry has attracted nearly $6.5b in FDIs.
Tokio Marine unveils TMGX with $500m risk capacity
It aims to support companies transitioning to low-carbon operations.
Taiwan life insurers stable for now as Fitch sees capital strength
The appreciation of the NT$ is also driving up currency hedging costs.
BOC Life maintains solid capital as profitability stays steady
The insurer remains majority-owned by BOC Hong Kong.
SingWealth sets foot in Hong Kong with new insurance brokerage licence
It aims to replicate the financial services model it has established in Singapore.
Australians average two hospital insurance claims a year
21% rated hospital cover as their most essential form of insurance.
Final expense insurance market to grow at 4.62% CAGR
Urbanisation and the shift from traditional support systems are driving demand in APAC.
Ping An P&C maintains stable margins in new-energy policies
Ping An P&C’s capital and surplus rose 9.0% year-on-year.
Nippon Life posts 5.7% profit rise as core earnings climb in FY 2024
However, insurance gains declined slightly by 5.2%.
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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