Insurance
Sompo Holdings segregates business into two global divisions
Sompo Holdings segregates business into two global divisions
Additionally, key leadership appointments have been made.
MS Amlin posts 7% net income rise to £103m in 9M 2024
Net premium earned nearly tripled during the period.
Fear, literacy gaps, and costs slow insurers' digital shift
Insurers cite job fears, digital illiteracy, and high costs as barriers.
FWD Group Expands board with three new directors
The board now has 13 members.
Aon elects new APAC CEO
She succeeds Anne Corona, who has taken a new leadership role within Aon.
Sompo’s 9M 2024 net income jumps 17.7% YoY
Thanks to higher underwriting income.
Sun Life aims to expand retirement plans amidst under-preparedness
17% have no retirement plan at all.
Generali, YAS launch tech-driven insurance for travellers
The product adjusts coverage up to 20 times based on travellers' spending.
Hong Kong SMEs pivot back to offline insurance channels
SMEs have scaled back cyber protection measures, with fewer investing in security solutions.
Wealthy Chinese use insurance for legacy-planning
Majority said that designating beneficiaries through insurance may prevent inheritance disputes
FWD Hong Kong’s new business APE up 53% in 9M 2024
All of its sales channels saw double-digit growth.
Embedded finance transforms retail with seamless transactions, partnerships
Integration boosts retail convenience but raises security challenges.
UOI proposes $8.9m final and special dividends for FY2024
If approved, the dividends will be paid on 16 May.
Global insurtech funding hits seven-year low in 2024
Australia was one of the markets with the largest share decrease.
How did the region’s insurance market rates compare with each other?
Korea, Malaysia, Singapore, and Thailand saw the largest commercial rate drops.
Fund finance market grows, banks leverage non-payment insurance
Banks seeking capital relief may benefit from insuring fund finance exposures.
Life insurers in Japan to see earnings boost in 2025
Insurers are expanding overseas and non-insurance amidst demographic decline.
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AI isn’t replacing insurance, it’s finally making it work