News
bolttech secures $50m venture debt from HSBC, expands market
bolttech secures $50m venture debt from HSBC, expands market
HSBC has been a partner of bolttech since 2019.
Life insurance premiums forecast to grow by 3% yearly until 2026
Global life insurance premiums are expected to rise to $4.8t by 2035.
Prudential launches AI lab in Singapore
Employees have submitted over 100 AI use cases since its soft launch in August.
NorthStandard raises premiums by 5% for 2025-2026
By mid-2024, NorthStandard recorded 14 large claims exceeding $1m.
Tokio Marine Holdings raises full-year net income forecast by $258m
Its first-half net income surged 77% YoY.
APAC’s insurance third-party administrator market to reach $515b by 2030
Globally, it is seen to reach $515b by 2030.
Labuan Reinsurance solvency remains robust
The company’s underwriting performance has shown consistent gains in 2023.
Suncorp Group's outlook challenged from higher risks, costs challenges
Despite this, SGL's prescribed capital amount coverage remains robust.
Dai-ichi Life H1 net income up 27% to $960m in H1 2024
However, premiums declined 6.3% YoY to $6.99b.
Only 20% of insurers assess tech risks fully
50% of CROs are already using early-warning KPIs to monitor risks.
FM appoints new COO
Hodge joined FM in 1990.
AI and data at the core of Prudential’s tech strategy
Cloud, AI, and data are driving Prudential’s tech-led evolution.
P&C insurers face strategic pressure as growth in premiums slows: McKinsey
The average combined ratio improved to about 91% in 2023 driven by rate increases.
Zurich Malaysia offers motorcycle insurance on Shopee
It includes add-ons like passenger liability, natural disaster protection, and strike coverage.
Insurance sector sees surge in patent filings for data analytics to 1,978
There are over 13,750 patents filed to date.
Fujitsu, SAP Fioneer launch cloud platform for insurers
It aims to help insurers modernise operations.
APAC insurers face tighter capital buffers
Some markets are not required to hold explicit capital against the illiquidity risk of private debt investments.
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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
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AI isn’t replacing insurance, it’s finally making it work