Insurance

Insurers to leverage AI amidst workforce retirement

SAS also forecasts the rise of omni policies.

AM Best cautions on reserve strengthening in 2025

Casualty renewals raised concerns over profitability. 

China insurers' plan to invest in gold could boost market

The programme permits ten insurance firms to allocate up to 1% of their assets.

China's long-term care insurance covers 180m in 2024

The programme, which started in 2016, now operates in 49 cities.

Australia sets up claim centre for customers affected by severe storms

The hub is located in Townsville and is open until 15 February.

Bancassurance slated for $569b by 2029

Thanks to widespread use of smart devices and internet connectivity.

30% of Hongkongers want new medical insurance in 2025

Four in five of Hong Kong residents already have medical insurance.

36% of Singaporeans opt for extra coverage beyond work insurance

However, 90% of Singaporeans already own medical insurance.

7 in 10 Hong Kong families lack financial planning

Hang Seng unveiled a wealth management plan to combat this.

Hong Leong’s underwriting profitability to continue

Its shift toward fixed-income securities is expected to reduce volatility.

APAC insurers stable despite LA wildfires, says Fitch

Japanese non-life insurers operating in the US are expected to manage their losses.

Asia sees rate reductions, Japan maintains firm pricing: Aon

Underwriting remains disciplined across Asia, particularly in Japan.