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International Association of Insurance Supervisors sees stable 2025
International Association of Insurance Supervisors sees stable 2025
Supervisors are implementing stress testing and contingency planning to mitigate risks.
Singapore’s general insurance industry to grow 6.2% CAGR by 2029
The industry is expected to expand by 8.0% in 2024.
Pet insurance market to reach $38.3b by 2033
Key drivers include increasing interest and rapid expansion of vet services.
Taikang's robust capital to aid in business expansion: Fitch Ratings
Taikang Group’s profitability is supported by its value-driven business strategy.
Mining insurance rates in Asia show slight decrease in 2024
Singapore’s property reinsurance rates showed small reductions in risks outside NatCats.
Aerospace insurance capacity outstrips rate adjustments: WTW
The fourth quarter sees about 70% of global annual airline premiums renewed.
Singlife’s new investment-linked plan offers 5% annual payout
It comes at a one-time premium starting at $516.28.
Insurers shift focus to more specific climate-related issues
Sustainability-focused frameworks in underwriting practices have grown by 120% since 2022.
Ageing workforce fuels talent crisis in Australia’s insurance sector
About 58% of insurance professionals in the country are over 45.
Fitch expects continued capital adequacy for Japanese insurers
Weaker investor pressure has allowed insurers to build excess capital.
Malaysia considers mandatory car insurance for private vehicles
The transport minister said it could affect insurance costs.
CoverGo Claims offers real-time data integration for insurers
CoverGo also said the platform reduces operational costs.
Zurich and GoImpact offer climate risk tools in APAC
The collaboration provides solutions such as climate risk assessments.
Muang Thai Life bags $4b in total new business premiums for 9M 2024
Despite increased acquisition spending, MTL’s topline declined year-on-year during.
D&O market faces risks due to insolvencies, AI, geopolitics
Securities class actions have risen by 43% year-on-year in Australia.
Generali leaves Philippine market, InLife swoops 100% shares
The transaction is anticipated to close in H1 2025.
Malaysian Re benefits from favourable pricing, tighter practices
Its underwriting performance rebounded sharply in FY 2024.
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