APAC
Zurich Edge unveils digital policy cards, travel alerts
Zurich Edge unveils digital policy cards, travel alerts
The digital cards will integrate both Google Wallet and Apple Wallet.
Healthcare broker market grows 9.4% to $64b in 2025
The market is forecast to reach $90.74b by 2029.
Insurance third-party administrator market set to more than double by 2032
Growth is driven by rising demand for health insurance.
This week in insurance: India slows, Singapore scam losses hit $16.6m, Tata AIA launches new funds
Also, most Australians rely on customer reviews when choosing a health insurer.
Sompo appoints Alessandrea Quane as CEO for international markets
She will report to James Shea, CEO of Sompo P&C.
Crop insurance set to grow 6.9% annually through 2029
Growth is driven by use of advanced weather prediction systems.
Aerospace insurers tighten discipline after late 2024 airline losses: WTW
Premiums have stayed flat despite rising aircraft values.
Aon launches specialist claims unit to boost insurer’s profitability
The business will be led by global co-heads Veronica Judice and David Griffiths.
Insurers urged to ease healthcare costs in Asia, study shows
In Indonesia, 93% of patients reported postponing treatment.
Insurance helps de-risk climate projects as $6t investment needed: WTW
Credit and political risk cover are helping banks finance renewable and transition projects.
Insurance outsourcing market set for 7.1% CAGR growth
Asia-Pacific is projected to record the fastest growth.
Reinsurance capital expected to rise 8% through 2025: Gallagher Re
Reinsurers will also maintain strong profitability this year.
COVID-19 insurance market forecast to grow at 6.5% CAGR
Looking ahead, the market is forecast to reach $62.35b by 2029.
Allianz Trade appoints Hassan Omaish as CEO for Hong Kong, Korea, Taiwan
He will take over from Edmond Lee, who is retiring after 12 years.
Why reinsurers post second-highest returns in 2024
Net premiums written grew 5.7% in 2024.
Asia-Pacific reinsurance sector stays stable despite soft market
The industry remains well capitalised, but Fitch cautions climate-driven volatility.
Long stay travel insurance market to bag $4b in 2025
By 2029, the market is expected to reach $5.04b, expanding at a CAGR of 7.1%.
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1. Hong Kong regulator guts insurance referral fees with 50% cap 2. Can China’s $140b motor insurance market survive a 70% loss ratio? 3. PNB MetLife launches dividend fund linked to insurance 4. Taiwan life insurers face rising risk in $32b FX mismatch 5. India set to outpace China, US in premiums by 2030Resource Center
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
