News
ICA proposes 17 steps to improve strata insurance outcomes
ICA proposes 17 steps to improve strata insurance outcomes
Key proposals include stricter education requirements for strata managers.
Singlife appoints Amundi for its low carbon transition strategy
The company will allocate 20% of its public equities for Amundi to manage.
JD Allianz, JD Auto enhance Dida’s insurance offerings
This synergises JD Auto and JD Allianz into Dida’s platform.
AM Best affirms Meritz's outlook as stable
Its balance sheet strength is bolstered by its solid financial flexibility.
Philippines to modernise insurance data privacy practices
IC and NPC will jointly develop guidelines to ensure responsible execution.
Asia shies away from savings to protection products
This is to align with ICS and IFRS 17 standards.
Global insurance brokerage sector to reach $628.3b by 2032
The wholesale segment is anticipated to have the highest growth rate at 12.7%.
Removing 74% FDI cap may benefit insurers more: Chairman
This could remove the need for joint ventures, but int’l insurers may still favour local partnerships.
Global cyber insurance market to hit $97.3b by 2032
This is driven by the rising complexity and frequency of cyberattacks.
Australian insurers see revenue growth in the September quarter
Total assets totalled $174b during the period.
Petrolimex Insurance profits from low-loss property and marine lines
PJICO follows a conservative investment strategy, with most investments held in deposits.
Oona Insurance reveals new head of agency distribution
He has over 20 years of leadership experience.
Insured losses top $100b for fifth consecutive year
Annual insured losses are expected to rise by 5% to 7%.
Insurers face challenges from aviation grey zone conflicts
GPS spoofing and jamming are growing threats for insurers.
IAIS adopts Insurance Capital Standard to enhance policyholder protection
There are 59 identified IAIGs across 18 jurisdictions globally.
Chubb Life’s strong regulatory capital supports stability
Fitch expects it to continue prioritising regular-paid and protection-focused policies.
International Association of Insurance Supervisors sees stable 2025
Supervisors are implementing stress testing and contingency planning to mitigate risks.
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For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness