Insurance
2 in 5 Aussies with single policies rarely claim extra covers.
2 in 5 Aussies with single policies rarely claim extra covers.
Couples and family policy holders are more likely to make claims on extra covers.
Zurich, HTHK launch SIM plans with travel insurance for GBA trips
The promo is available to SoSIM users.
Thai Life Insurance may benefit from new reporting standard
Thai Life Insurance may see its earnings rise by up to 9% between FY2025 to FY2027.
WTW Construction Risk promotes Trent Williams to oversee placements
He previously served as head of Broking, Pacific for seven years.
Aon's net income contracts in Q1 2025
Diluted earnings per share also dipped 17% YoY to $4.43.
WTW’s Q1 2025 net income leaps 23% YoY
EPS was at $2.33.
Ping An Group posts 2.4% profit rise with life and health segment growth
New business value (NBV) surged 34.9%.
APAC’s commercial auto insurance set for steady 3.2% CAGR
Globally, the market is forecasted to register CAGR of 9.9%.
Manulife Hong Kong launches two critical illness products with income aid
One of the plans covers 121 critical illnesses and diseases.
SBI Life insurance pencils 27% YoY profit surge in FY 2025
New Business Premium stood at $426.92m.
Hong Kong’s insurance premiums reach $83b in 2024
Both long-term and general insurance sectors registered notable increases.
AM Best says Shinkong Insurance to sustain strong profits
The insurer accounted for 16.4% of Taiwan’s domestic non-life sector.
Asia Pacific to lead global motor insurance growth
The market is also estimated to have bagged $833.8b last year.
Pacific commercial rates down 8% in Q1 2025
Marsh recorded declines across all major lines of business.
Tokio Marine and Nichido Fire China maintains stable outlook
It is expected to pursue opportunities tied to Japanese-affiliated industries in China.
What will drive the reinsurance sector to bag $68b in four years?
In 2023, APAC accounted for 13.3% of global reinsurance premiums.
This week in insurance: Insurers scale back on HK boomers, China eyes nonstandard securitisations, Zhibao's new reinsurance unit
Losses from the 7.7-magnitude Myanmar earthquake in March will also be absorbed by reinsurers.
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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