News

Prudential buys 19% of SHS for $375m to lift stake to 70%

Minority profit and equity attribution falls as the partner holding drops to 30%.

Credit, political risk insurance softens as underwriter shortage drives up costs

New entrants face rising hiring bills and heavier expense ratios in 2026.

This week in insurance: AI adoption accelerates, premium growth slows, Zurich raises bid for Beazley

Philippine-based GCash is giving away insurance coverage to borrowers of GLoan feature.

Insurance third-party admins to exceed $532b by 2029

Health plan administrators are expected to be the largest segment.

Singapore insurance stays buyer-friendly despite motor hikes

The report says prices are flat to moderately lower across most major lines.

Can Indonesian insurers sustain 20% to 40% growth targets?

The non-life insurance market slowed significantly in 2024 with GWP rising 6%.

Singapore's ECICS overhauls core insurance policies as it turns 50

 It reduced maid insurance costs and rolled out no claim discount protection.

Zurich deploys 100 engineers amidst 92% surge in AI infra spending

The new practice pulls together more than 100 specialist risk engineers.

South Korean insurers face 50% core capital mandate

Financial Services Commission sets the new quality standards to take effect starting in 2027.

Insurance, banks, public sector drive APAC IT spend, Forrester says

Australia and Singapore defence agencies test genAI for efficiency and decisions.

Cambodian insurers’ premiums bag $97m in Q3 2025 on higher policies

For net premium earned, Q3 2025 saw a 13% YoY climb to $70.15m.

APAC crop insurance seen rising 34% as climate risks intensify

Worldwide gains total $16b with 6.3% annual expansion.

Insurers push into private credit to lift yields

Direct origination platforms are being built in-house at some carriers.

Life reinsurance market faces offshore annuity surge

Asset managers are backing new entrants focused on legacy blocks

Aon appoints Neelay Patel as Malaysia CEO to drive four core units

This appointment aims to align regional priorities with local business requirements for clients.