Insurance
Renewable energy insurance to bag $28b by 2034
Renewable energy insurance to bag $28b by 2034
This reflects a compound annual growth rate (CAGR) of 4.22%.
Taiwan insurers expand FX reserves after dollar appreciation: AM Best
70% of Taiwanese life insurers’ portfolios were allocated to foreign investments.
China’s capital charge cut to spur insurers’ equity investment
State Council Information Office announced a 10% reduction in the capital charge.
Global Asia Insurance Partnership appoints Cheng as CEO
She has over 20 years of experience in the sector.
New Zealand insurance market to hit $9.6b GWP by 2029
The market is forecast to expand by 10.3% this year.
Grandtag opens larger Singapore office to support regional growth
The broker’s new office is estimated to be 40% bigger than the previous location.
Tokio Marine aids ADB lending by joining $2.75b credit programme
ADB intends to quadruple private sector investment, financing by 2030.
Zurich’s APAC segment sees P&C climb 6% in Q1 2025
Globally, life business also posted significant gains.
FWD Singapore, IPP eye Gen Zers amidst wealth influx
Assets are being passed down through families from one generation to the next.
This week in insurance: HK’s first children’s CI coverage, Singapore hobbyists covered, Mental health claims rise in India
Markel Insurance also unveiled a Clinical Trials insurance product.
S&P flags distribution risk for Helia after CBA contract loss
Although Helia is expected to retain approximately 21% GWP.
bolttech forms JV with Sumitomo on device protection in Asia
They expect the device protection market in the region to outpace global growth.
Reinsurance capital rises 5.4% to $769b on 2024 gains
Traditional reinsurance capital is projected to grow by 6% in 2025.
Australia drives insurance reviews with $20m fines on compliance breaches
Recent court rulings also indicate a trend toward non-indemnification.
Manulife Asia’s Q1 net income surges 57% YoY to $435m
Globally, its Q1 2025 earnings contracted by 47% YoY.
Bowtie debuts first term critical illness plan for children, pregnant women
Bowtie’s new plan is a term-based product with no savings component.
Allianz Partners launches cruise insurance with cruise line as bookings rise
Cruising now accounts for 10% of all travel amongst Australians.
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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