Southeast Asia
Only 14% of rich people prioritise life insurance despite awareness
41% of SEA saw potential family disputes from lack of a plan as top concern.
3 days ago
Only 14% of rich people prioritise life insurance despite awareness
41% of SEA saw potential family disputes from lack of a plan as top concern.
3 days ago
Prudential adopts Google’s MedLM to improve claims accuracy
It will use MedLM to analyse documents submitted for health insurance claims.
Complex insurance processes alienate tech-savvy users
About a third of Asian travellers purchase insurance only days before a trip.
SEADRIF meets with the Philippines, in talks of boosting DRFI strategy
Challenges remain such as scarcity of specialist skills and market engagement.
SEADRIF Insurance taps Benedikt Signer for executive director role
He was previously with World Bank’s Disaster Risk Financing and Insurance Programme.
Over 4,000 BFSI assets wrongly exposed in SEA
About 300 internet-facing assets can be exploited.
SEA insurtech funding hits $1.8b
80% of the sector’s funding was secured in the past five years.
Southeast Asia’s insurtech sector hits $2.4b in 2023
It was mainly driven by Singlife’s merger with Aviva Singapore.
Emerging markets in Asia propel health reinsurance growth
In smaller SEA markets, reinsurers continue to support the growth of health insurance.
Qoala boosts leadership to expand regional presence
It is also launching its second Employee Stock Option Plan (ESOP).
Igloo tells 3 strategies to captivate Gen Z in Southeast Asia
40% of Gen Z are worried about making poor financial choices.
SEADRIF selects Gallagher Re as broker
Gallagher Re will provide SEADRIF products and business advise.
Swiss Re's innovation drive targets Southeast Asia
Select entrepreneurs will participate in a 6-month programme starting in Jan. 2025.
Select life insurers show strong profitability – Fitch Ratings
Operating profitability of insurers from Hong Kong, Singapore, and Thailand pose with sound mortality gains and favourable investment returns.
SEADRIF welcomes Ellen Yong as new CFO
Yong has worked with addressing catastrophe risk financing.
Igloo secures $36m in pre-series C funding
The new funds will be utilised for M&A efforts, talent acquisition, and product/value chain.
Singapore’s Igloo partners with e-commerce platforms for a safer shopping season
The influx of online shopping activity can lead to fraud and cybersecurity threats.
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1. bolttech secures $50m venture debt from HSBC, expands market 2. Life insurance premiums forecast to grow by 3% yearly until 2026 3. Prudential launches AI lab in Singapore 4. Asia leads in embedded insurance, set to reach $170b by 2030 5. Manulife enters into $5.4b reinsurance agreement with Reinsurance Group of AmericaResource 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.
