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Pandemic, competitive rates drive NRI’s term insurance adoption
NRIs in high-income nations seek higher sums.
Pandemic, competitive rates drive NRI’s term insurance adoption
NRIs in high-income nations seek higher sums.
Ping An's net profits soars 36.1% YoY to RMB119.18b
Its segments collectively contributed RMB119.65b in operating profit.
Chubb names Jon Longmore as new Malaysia head
He is currently country president of PT Chubb General Insurance Indonesia.
Tune Protect and bolttech team up to launch travel insurance in HK
This follows Tune Protect's broader regional expansion strategy.
Malaysia floats co-payment medical and health insurance feature
It also increased tax relief for medical expenses to over $2,300.
AXA XL makes three hires in Perth
The group named Chris McElroy, Amanda Rattue, and Trent Jeuring as senior underwriters.
Lifenet establishes policy and committee for sustainability
It also determined a corporate value enhancement based on the LIFENET Manifesto.
Insurance sector lacks key skills in Gen AI and finance
The workforce requires upskilling.
Unit-linked insurance market to reach $2.3t by 2032
The market is forecasted to reach a CAGR of 10.9%.
2024 insured losses exceed decade average at $108b
Total economic losses for the first three quarters reached ~$280b.
Taiwan insurers to raise fresh equity amidst new capital requirement
The new standard also raised compliance risks for insurers.
Dah Sing Insurance strengthens capital structure
Its 2023 net profit was $13.9m.
AXA rebrands China reinsurance arm to AXA International Re
The change is effective 16 October.
Specialist Risk Group appoints new APAC CEO
He will begin his term early next year.
India’s life insurance sector bags 12% CAGR in past five years
The life insurance penetration rate is at 3.8%.
High-income S’poreans grapple with retirement planning amidst rising financial needs
High-income retirees were overwhelmed by the rising cost of living and family support expenses.
Allianz Trade reels in new ASEAN commercial director
His role begins on 21 October.
Thought Leadership Centre
Most Read
1. Singapore’s life insurance slated for $43b premiums in 2029 2. Manulife enters into $5.4b reinsurance agreement with Reinsurance Group of America 3. APAC emerges as leader in renewables insurance 4. MAS updates rules on life insurance product launches 5. Rising healthcare costs drive growth in Indian insurance: McKinseyResource Center
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Humans need to be in insurance’s genAI loop
![Humans need to be in insurance’s genAI loop]()
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.
