News
Taiwan insurers' profits jump 70.2% in October
Taiwan insurers' profits jump 70.2% in October
Life insurance enterprises accounted for $9.50b of the total.
India’s GST cut may lower health, life insurance costs
Currently, an 18% GST is applied to premiums for health and life insurance.
MetLife appoints new head for insurance assets
O’Brien will oversee investment strategies for MetLife’s $414.1b general account.
Oona Insurance teams with GoPay for health access
Two insurance plans are offered.
Tokio Marine Kiln expands APAC cyber unit with new underwriter
Her new role is effective 2 January.
Allianz Australia’s RAA acquisition to boost market position: S&P
Allianz Australia’s capital adequacy is not expected to be affected by this.
Howden taps Azman Noorani as new global head for surety
He brings over 26 years of experience in the insurance and reinsurance markets.
Zurich buys AIG travel insurance for $600m
This positions Zurich as one of the world’s largest travel insurers.
APAC insurers predict continued cost increases in 2025
Medical costs are set to rise by 12.3% in 2025, WTW says.
Allianz Australia to acquire RAA’s general insurance business
The transaction is expected to be completed by mid-2025.
Suncorp partner with Duck Creek Technologies to digitalise operations
It aims to replace multiple on-premises legacy systems.
Insurance distribution solutions market to grow 14% CAGR
This is driven by demand from insurers to streamline distribution processes.
Life Insurance Corporation of India sees profits up 3.5% YoY in H1 2024
LIC's total premium income rose by 13.56% YoY.
CTBC Insurance maintains strong capital adequacy
Its pandemic-hit capital position has now returned to pre-COVID levels.
RACQ Bank’s insurance arm sale heralds' step towards revenue stability: report
Revenue from its insurance business has been volatile, according to Moody’s Ratings.
Generali, UNDP boost Thai MSME resilience with risk assessment tool
Key goals include raising entrepreneurs’ awareness of resilience strategies.
QBE, YAS debut pay-as-you-sell insurance for Hong Kong merchants
It is designed for HK-based merchants expanding in the US market.
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AI isn’t replacing insurance, it’s finally making it work