APAC
Pet insurance plan services market slated for CAGR 16.2% by 2029
Pet insurance plan services market slated for CAGR 16.2% by 2029
Key trends shaping the market include tele-veterinary services.
Insurance IT market posts 11.6% growth in 2025
Looking ahead, the market is projected to reach $514.5b by 2029.
This week in insurance: Asia insurers ink multiple deals, Manulife–Mahindra JV unveiled, HLA rolls out legacy product
Singlife has expanded its partnership with CIMB Singapore.
Tokio Marine Kiln appoints Beresford to life sciences team
She will report to Kirsten Shastri, the unit’s head.
Blue Cross launches bear coverage for travellers
Bear encounters have grown in Japan.
Willis appoints Anthony Wong as head of casualty in Asia
He brings around 20 years of insurance and risk management experience.
Marsh expands leadership as David Jacob becomes president of Marsh Asia
Addington-Smith, currently President of Marsh Asia, will take on a new role.
Insurers invest up to 8% in AI but few indicate measurable financial impact
Global premiums are also forecast to grow 2.3% in real terms in 2026 and 2027.
Allianz’s 9M 2025 net income jumps 10.5% YoY
Core earnings per share climbed 12.2% to $24.64.
Munich Re bags $2.3b net result in Q3 2025
The company said it remains on track to meet its full-year target of $6.90b.
APRIL International, Sompo partner to expand international private medical insurance
Both companies will jointly develop new health insurance products.
Allianz Commercial forms insurance partnership to expand marine cover in Asia
The initial focus will be on Hull and Machinery cover for coastal and inland tonnage.
People in Asia strengthen retirement planning as financial awareness grows
Three-quarters said financial well-being affects their physical and mental health.
Generali appoints Giulio Terzariol as Group Deputy CEO after board approval
Generali said the CEO Insurance role will be discontinued.
Aon launches low carbon framework to guide insurers in energy transition
Battery energy storage systems are expected to generate over $1b in GWP by 2027.
HDI Global’s 9M 2025 profit jumps to $500m
The CEO attributed the growth to new business.
ZhongAn Online P & C Insurance sustains profitability
ZhongAn also benefits from diversified, liquid investments.
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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