News
Only 9.1% of Asia's economic losses insured in 2024
Only 9.1% of Asia's economic losses insured in 2024
The five-year average for insured losses was $11b.
52% of experts bleak about future amidst misinformation, weather risks
In the long-term, experts grow worrisome about environmental risks.
WTW appoints new head of FINEX India
Gupta will collaborate with the FINEX team in India and Asia to deliver insurance solutions.
Global reinsurers stable despite LA wildfires – S&P
But primary insurers are expected to withstand the losses.
Tokio Marine Singapore bolsters leadership with new appointments
The insurer also named a new CEO.
GAIP and Convergence to boost capacity in climate health strategies
Both parties aim to promote blended finance.
WTW unveils new head of insurance consulting and technology
Mamone brings 37 years of experience across industries.
Tokio Marine Singapore, T. Rowe Price partner on investment-linked plans
Clients will have access to two funds.
Rate increases under review for Australia’s private health insurers
The minister did not specify the rate of increases yet.
Zurich Commercial Insurance reels in new head
She brings nearly two decades worth of experience.
Insurers in ANZ leverage AI amidst tightening margin
Due to inflation, extreme weather events, and evolving consumer expectations.
China's medical insurance fund reports surplus in 2024
Basic medical insurance system covered 6.7 billion outpatient settlements.
Japanese trading house acquires 20% of Thaivivat Insurance
The transaction is expected to finish by February.
AXA partners with Prosper Health for cross-border cancer care
Benefits include second opinions, insurance pre-approval assistance, and P-to-P transfers.
Sompo Thailand policyholders benefit from lounge access for delayed flights
Thanks to its partnership with Collinson International.
Meiji Yasuda rolls out 5% wage hike amidst inflation
This marks the 2nd consecutive year of wage hikes for its 11,000 internal staff.
India's non-life insurance premiums dip slightly in December 2024
Because of revised reporting requirements that defer long-term policy recognition.
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AI isn’t replacing insurance, it’s finally making it work