Insurance
Canopius records 10% YoY growth in profits for FY 2024
Canopius records 10% YoY growth in profits for FY 2024
Insurance contract written premium surged 28% YoY.
KoverNow, Aristo Watch partner for luxury timepieces coverage
The insurer also offers plans for jewellery and handbags.
HDI Global launches Climate Consulting to assess, manage climate risks
It provides location-specific analysis of both chronic and acute physical risks.
WTW’s platform connects brokers and insurers in real-time risk trading
Liberty Specialty Markets will be an early adopter.
Ping An, Collinson International ink deal for flight delay benefit
Customers are granted access to the lounge or a chosen benefit.
Singapore life annuity insurance market to grow by $603m by 2028
The attractiveness of fixed annuities has been a key driver.
XN Global Health Insurance sets foot in Asia
The company also offers preventive care and wellness services.
Australians' out-of-pocket medical expenses rise to $1b in 2024
Private health insurance benefits in Australia have hit a record low since 2008.
Malaysian insurers to cap premium hikes, ensure affordability
Insurers will cap annual premium hikes below 10%.
Aon acquires Mitsubishi Chemical's insurance agency business
The deal adds 100 new employees to Aon in Japan.
Resolution Life seals reinsurance deal with Protective for $9.7b
The deal is expected to drive further growth in the global life and annuity markets.
Japan Post Insurance to invest up to $2b in reinsurance vehicle
The company aims to deploy capital as early as 2026.
Australia's insurers log 3,000 claims post-Cyclone Alfred
ICA CEO said to expect “many more thousands of claims.”
New Chinese financial guidelines focus on tech and green growth
China also aims to strengthen the multi-tiered old-age insurance system.
Sri Lanka Insurance Corporation Life maintains stable outlook, strong investment
Its investment porftolio has minimal exposure to foreign currency assets.
Thailand’s finance sector to see cybersecurity market hit $87m by 2026
This is driven by cyber threats, regulatory pressures, and the rapid adoption.
Ant Insurance processes 7.25 million health claims in 2024
Its AI-powered solution also processed 1.62 million claims last year.
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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