News
Half of risk leaders confident in current strategy: WTW
Half of risk leaders confident in current strategy: WTW
23% of respondents said supply chain issues as a critical challenge.
Climate change alters insurer risk management: S&P
Secondary perils have caused the reinsurance industry to regain capital in 5 of 6 years.
Hanwha Life acquires 75% stake in US firm Velocity Clearing
It aims to establish a foothold in the US financial sector.
Allianz Asia Pacific's business volume jumps 16%
The annualised premium (ANP) for Life/Health grew 14%.
New PH rule allows insurers and reinsurers to invest in infrastructure projects
Investments may be made through equity or debt.
APAC insurance M&A activity slows in Q3
Two major transactions faced regulatory scrutiny during the quarter.
Manulife enters into $5.4b reinsurance agreement with Reinsurance Group of America
The transaction is expected to close in early 2025.
Global insurtech market to hit $77.41b by 2028
Key drivers include the need for improved business efficiency.
Global life risk protection grows at 2.7% annually
Demand for protection products shows less sensitivity to interest rate changes.
PH manpower agencies must deposit $398 insurance for Bahrain-bound migrant workers
It will cover repatriation costs in case of employment termination.
114 million Indonesians insured in H1 2024, up 28.4%
Bancassurance generated the highest premium income at $2.33b.
MS First Capital Insurance’s underwriting drives consistent profitability
Shareholders’ equity, which reached $900m (S$1.2b) in 2023.
Construction Guarantee’s focus on public projects mitigates economic risks
CG's regulatory capital ratio improved to 225% in 2023.
Aon's new tool aids firms in cyber risk management
It aims to tackle ransomware, data breaches, business interruptions, and insider risks.
Liability insurers adjust to spike in US nuclear verdicts
In 2023 alone, nuclear verdicts increased by over 27%.
Australia’s new reinsurance capital requirements to boost general insurers
Whilst lower reinstatement requirements could reduce reinsurance costs, mandating all-perils coverage may increase them.
Sri Lanka sets new insurance sales standards for mobile, line operators
Insurers must also disclose customer onboarding requirements.
Thought Leadership Centre
In Association with
Most Read
1. Tata AIA funds beat benchmarks with strong five-year returns 2. IndiaFirst Life signs bancassurance deal with DNS Bank 3. Why 9 in 10 APAC insurers hold stable outlooks 4. How 56% of insurers plan to boost data analytics use 5. Cost and low awareness limit health and life insurance uptakeResource Center
Read Here
Advertise
Sign Up
Awards
Jul
07
Events
Event News
Showcase your achievements and gain recognition for shaping the future of insurance.
Commentary
AI isn’t replacing insurance, it’s finally making it work