News
Global reinsurance poised for growth amidst high interest rates
Global reinsurance poised for growth amidst high interest rates
Higher attachment points in property reinsurance have limited loss frequency.
Singapore’s life insurance slated for $43b premiums in 2029
Due to the ageing population, health awareness, and consumer spending.
How multinationals can unlock the potential of trade credit insurance
Strong balance sheets can help multinationals achieve this.
APAC emerges as leader in renewables insurance
RE is projected to account for 45% of global electricity generation by 2030.
Nippon Life's capital adequacy amongst strongest of Japanese insurers
The insurer’s core profit margin increased to 13% in 2023 from 11% a year earlier.
Only 14% of rich people prioritise life insurance despite awareness
41% of SEA saw potential family disputes from lack of a plan as top concern.
Premium grows 9.5% in 2023 outpacing nominal global GDP
This was mainly driven by carriers pushing for rate adequacy after high inflation.
Zurich eyes to surpass 23% ROE in next three years
It also aims to achieve core EPS with a CAGR of over 9%.
IFRC-DREF triggers insurance payout after disaster relief demands exceed threshold
The policy provides up to $16.92m in coverage.The International Federation of Red Cross and Red Crescent Societies' Disaster Response Emergency Fund (IFRC-DREF) has triggered its first-ever insurance payout after disaster relief demands exceeded its deductible threshold.
Individual health claims rise 29.3% as overall payouts dip in Indonesia
Surrender claims and death claims fell by 13.5% YoY.
S’pore’s NTU develops AI model for affordable farmer insurance
It could improve policyholders’ wealth by nearly 5% whilst being 37% cheaper.
Canara HSBC Life unveils OmniGen AI to streamline underwriting
It also helps underwriters refine key judgement points in risk evaluation.
QBE's conservative portfolio curbs investment risk
Net profit doubled year-on-year to $806m in H1 2024.
Aon appoints new leader for data and analytics
He will be based in Singapore.
Increased capital ratio supports Arch Indemnity's growth
Fitch expects this ratio to remain above the insurer’s internal target range.
Chaucer appoints new class underwriter for political risk
Ng specialised in political risk underwriting at AXA XL before joining the company.
China-based Groupama SDIG enhances non-agri insurance strategy
Over the past three years, the company’s combined ratio averaged 98%.
Commentary
AI isn’t replacing insurance, it’s finally making it work