News
Shinhan Bank inks deal with Petrolimex Insurance on Vietnam expansion
Shinhan Bank inks deal with Petrolimex Insurance on Vietnam expansion
The bank will distribute PJICO’s non-life insurance products.
Financial firms plan cautious 2025 pay raises
Region-wide, planned budget increases averaged 5.2%.
Parametric insurance market to grow 12% by 2032
AXA and Munich Re are leading the parametric insurance market.
Reinsurers face billions in California fire claims
Gallagher Re revised its insured losses estimation to $20b-$30b.
India’s general sector premiums seen to rise in the medium term
The sector has also benefitted from favourable investment conditions.
South Korean insurers face $62m from LA wildfire losses
DB Insurance holds 37 active policies in the affected regions.
Taiwan Life earnings ‘volatile’ from interest-sensitive products reliance
The company has a 6% share of premium income as of 2023.
Budget Direct unveils new commercial vehicle cover
Customers can opt for the benefit of vehicle repairs at their preferred location.
Global insured losses peak third highest since 1980
Not even half of the total losses were insured.
Global reinsurers set to keep profits high in 2025
This is forecast to happen despite lower rates in the January renewals.
Insurance operations complicated by foreign investment decline
The decline is mainly due to geopolitical tensions, COVID-19, and Russia-Ukraine war.
China cracks down on 300 insurance fraud rings
Over 40 operations have led to investigations into 1,400 cases since April 2024.
Vietnam's life insurance goals may miss 2025 targets
The government had set goals for 15% of the population to hold life insurance.
Lazada partnership offers embedded insurance from big insurers
This integrates insurance solutions directly into Lazada via Peak3's platform.
Insurtech market forecasted at 42% CAGR by 2028
The marketing and distribution segment is expected to see substantial growth.
Pru Life UK, AAIIBP boost Islamic finance
It also partnered with Al Amanah Islamic Investment Bank to promote Islamic finance.
SBI Life Insurance 9M 2024 profit catapults 48% YoY
Annualised premium equivalent also jumped by 11% YoY.
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AI isn’t replacing insurance, it’s finally making it work