Insurance
Tower to maintain strong capital levels despite recent payouts
Tower to maintain strong capital levels despite recent payouts
AM Best expects Tower’s adequate operating performance to continue.
P&C insurers stuck with costly legacy tech, McKinsey warns
Legacy platforms are driving up IT costs and limiting operational agility.
Ping An P&C settles 10,400 claims after Beijing hailstorm
The storm produced hailstones larger than 3 cm in diameter.
Philippine insurance penetration rises to 1.89% in Q1 2025
Insurance density also grew by 13.40% YoY.
Property and casualty insurtechs raise $1.13b in Q1 2025
Since 2012, over $60b has been invested in insurtech companies.
Sun Life debuts IUL product in HK to target wealthy investors
The new product links its indexed account value to the performance of a chosen index.
Tokio Marine’s FY 2025 records earnings jump of 57% YoY
Ordinary income grew by $7.01b.
MS Amlin’s net premiums rise $300m on business growth in FY 2024
Reporting under UK GAAP, MS Amlin posted an underwriting profit of $288m.
Non-life ILS market hits $49.1b in cat bond capacity by April: Gallagher Re
Non-life ILS capacity has increased nearly 480% since 2010.
Philippines’ non-life sector gains from reinsurance capacity: AM Best
Additionally, insurers are expected to benefit from improved investment income.
Hong Kong’s insurance market to hit $127b by 2032
The city’s insurance penetration remains amongst the highest globally.
MS&AD Insurance sees $2.2b YoY net earnings gain in FY 2025
The insurer forecasts a net income of $4b for FY 2026.
Japan’s non-life insurers strengthen as oversight improves
The FSA has also introduced stricter governance requirements.
India’s non-life insurance insurance sector grows 13.5% YoY in April
Growth during the month was supported by renewals.
HDI Global reels in McDowell as new lead
He will be based in London.
Dai-ichi Life profit climbs 33.9% in FY 2025
EPS was at $0.80.
Aon expands reinsurance work with Moody’s into commercial risk
The products aim to offer more efficient risk transfer and improve casualty protection.
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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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