News

PH, Indonesia renew agreements to strengthen cross-border cooperation

Key initiatives include expert and staff exchanges and bilateral meetings.

Philippine HMO net income rebounds to $13.58m in Q3 2024

This is due to a 22.50% rise in total revenue.

India's insurtech revenue grows 12-fold to $750m over five years

Despite this, 45% of medical expenses are paid out of pocket.

Protection and indemnity combined ratio drops to 96% in 2023/24

The year was dominated by the Dali incident, which occurred in March.

MAS updates rules on life insurance product launches

The changes aim to ensure adequate regulatory oversight.

Fitch expects Generali to back Hong Kong life unit’s expansion

Given its previous capital injections of HK$735m from 2018 to 2022.

China's insurance sector posts strong solvency in Q3 2024

China's insurance sector has maintained steady operation and adequate solvency in the third quarter, according to the National Financial Regulatory Administration.

Worldcare rebrands as Allianz Travel Insurance in New Zealand

It now allows travellers to customise insurance packages.

China urges insurance firms to increase underwriting support for SMEs

The notice said banking institutions should continuously optimise financial services.

PT Tugu Reasuransi records $7m net profit in H1 2024

The company holds an 11% market share in Indonesia's reinsurance sector.

Zopper bags $25m in Series D funding

The company has partnered with 40 insurers and over 2,500 ecosystem players.

Rising healthcare costs drive growth in Indian insurance: McKinsey

From FY 2020 to FY 2023, the industry saw a CAGR of 11%.

Insurance sector must remain resilient amidst emerging global risks

The sector must build a fair and inclusive market for all consumers.

Australian council backs tech-neutral consumer laws for AI

The council also urged the government to avoid regulatory duplication between the ACL and existing financial legislation.