APAC
Asia faces $74t retirement income shortfall
Emerging markets in Asia face a $74 trillion pension savings shortfall.
Asia faces $74t retirement income shortfall
Emerging markets in Asia face a $74 trillion pension savings shortfall.
BMS Group expands with new healthcare role
She brings 27 years of experience.
MSIG, Serenity target gaps in local health coverage
It plans to expand to Indonesia and Vietnam.
Allianz reels two new senior hires to boost health line
Both have over a decade's worth of experience.
EV and hybrid insurance market to grow by 17% in the next four years
Challenges arise from the high cost of repairing or replacing components.
Climate insurance market set to double by 2030
Insurers are adapting through central hubs or establishing vertical business units.
SMBs boost cyber insurance uptake amid rising threats
67% of ransomware attacks in Q4 2023 affected SMBs with less than 1,000 employees.
Reinsurers benefit from higher rates, restrictive policies
A slowdown in property reinsurance price hikes next year is still anticipated.
Reinsurers urged to discipline performance amidst casualty risks
Combined ratio forecasted to remain between 92% and 96% in 2024 to 2025.
Insured losses from NatCat surge to $151b, fueled by urban growth
The five-year average annual loss is at $106b.
Sun Life’s new hire to oversee digital platform expansion
He was formerly with Prudential.
Allianz becomes largest spending insurance brand in sports in 2024
The company has 52 sports sponsorship globally.
ILS market expands to $46b amidst rising reinsurance prices
Investors have reaped substantial benefits from wider risk margins.
Global reinsurers increase natural catastrophe exposure by 14%
In 2023, global insured losses from natural catastrophes reached $108b.
Miller names new sports and entertainment head for APAC
Krishnan's previous roles include positions at the Singapore Sports Council and ESPN STAR Sports.
Reinsurers see 6% growth in premiums
Reinsurers faced changes driven primarily by the implementation of IFRS 17.
Asian insurers shift to private credit amidst new RBC rule
APAC insurers allocate an average of 6.4% of their portfolios to illiquid credit.
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1. India's life insurance growth slows to 10.6% in October 2. South Korean insurers brace for profit squeeze amidst rate cuts 3. bolttech secures $50m venture debt from HSBC, expands market 4. Life insurance premiums forecast to grow by 3% yearly until 2026 5. Prudential launches AI lab in SingaporeResource Center
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Humans need to be in insurance’s genAI loop
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Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
