Insurance
APAC gadget insurance market to grow 17.4% yearly until 2031
APAC gadget insurance market to grow 17.4% yearly until 2031
Worldwide, the segmet is seen to bag $194b in six years.
Lockton announces new head of marine, energy
She joins Lockton with 13 years of experience from Howden Malaysia.
Pet insurance market set for 13% annual growth through 2033
APAC is recognised as an emerging market due to rising disposable incomes.
FuSure Reinsurance obtains Composite License from Hong Kong
The company is also exploring health, auto, pet, cybersecurity, and liability insurance.
Insurance-linked securities hits record size with robust investor returns
End-2024, capacity in the 144A natural catastrophe bond market surpassed $45b.
Fubon Insurance seen to record profit rebound with stronger underwriting
Last year the insurer bagged $91m, a rebound from the net loss in 2023.
Allianz Life expands health options, boosting hospital coverage 50%
Customers can also choose between 5% or 15% co-insurance.
Singapore general insurance increases 6.3% YoY in 2024
Underwriting profit also rose by 5.6% YoY.
India non-life insurers face impact from 1/n rule transition: CareEdge
Despite decline, experts predict premiums for to exceed Rs3 lakh.
Commercial insurance market to reach $1.87t by 2032
APAC is the fastest-growing market, fueled by rapid industrialisation.
Cost drives D&O insurance choices despite rising litigation worries
AI was ranked least amongst their worries.
Bajaj Allianz launches exclusive insurance for women
The plan covers critical illnesses, maternal and reproductive health, and wellness.
This week in insurance: Philippines to expand coverage for OFWS, Allianz sells stake in 2 Indian units, Manulife Asia gets new CEO
Financial security and coverage seems to lack amongst business leaders and mothers.
APRA says two new rules to boost insurer accountability
APRA also called for greater transparency in claims processes.
FSC approves Samsung Fire & Marine integration under Samsung Life: Report
Insurers holding more than 15% shares must integrate the company as a subsidiary.
Cyber ILS market grows as insurers seek alternative risk transfers
Cyber insurance demand is seen to reach $23b by next year.
Motor theft claims surge 96% to $270m in Australia over nine years
Theft claim frequency also rose sharply in Queensland and metro Victoria.
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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