Insurance
Taiwan non-life premiums rise on tighter underwriting discipline
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.
Sing Re secures IFSCA nod to launch GIFT City reinsurance unit
Sing Re will offer treaty and facultative reinsurance solutions.
South Korean insurers Q1 2025 net income contracts 15.8% YoY
Both its life and general insurance sectors recorded declines.
GIAJ enhances compliance support with new rules and seminars after leaks
It also announced the formulation of whistleblowing mechanisms.
Aon appoints new head of Client Services
Soh brings over 19 years.
Ping An ranks fifth amongst Chinese firms on list
Ping An reported $158b in revenue.
Insurers worldwide retain more risk as reinsurers limit low-layer cover
Life insurers face long-term pressure as they shift toward retirement-focused products.
Japanese life insurers pursue overseas deals as domestic growth slows
Insurers are expected to keep issuing hybrid capital to preserve credit quality.
Demand for professional indemnity insurance in Asia, Australia grows: Aon
However, insurers are cautious about high-risk developments such as renewable energy.
Swiss Re sees rising claims across sectors from heatwaves
Liability and health sectors witnessed a sharp rise in claims.
FWD Hong Kong promotes cancer genomics via MAX platform
It aims to educate the public on the benefits of early cancer detection.
Revised solvency rules could spur new wave of Malaysian insurance M&As
Insurers must provide capital for increased risk from floods, among other charges.
This week in insurance: Great Eastern delists, Income Insurance covers Jetstar-affected, Sout Korea general insurers stable
Tokio Marine also appointed new leaders whilst India’s life insurance market recorded growth.
IFC partners with QBE Asia to expand Building Resilience Index
The partnership aims to address the property insurance gap.
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1. Hong Kong regulator guts insurance referral fees with 50% cap 2. Can China’s $140b motor insurance market survive a 70% loss ratio? 3. PNB MetLife launches dividend fund linked to insurance 4. Taiwan life insurers face rising risk in $32b FX mismatch 5. India set to outpace China, US in premiums by 2030Resource Center
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
