News
Allianz Life launches multi-claim critical illness coverage
It offers up to 320% of the insured amount.
Allianz Life launches multi-claim critical illness coverage
It offers up to 320% of the insured amount.
Allianz Australia's capital adequacy to remain strong
Thanks to removal of certain non-life liability adjustments, deferred acquisition cost deductions.
Only 28% of APAC insurers prepared for AI shift
Half of insurers attribute poor customer experience to limited technology adoption.
APAC insurers trim equity risks, increase capital efficiency: Moody's
APAC P&C insurers face different risks compared to their US counterparts.
Specialist Risk Group expands to Asia, sets base in Singapore
A non-executive director has been appointed.
Sumitomo Life new plan covers despicable contact lenses
The policy provides a one-time payout of $33.40.
Milton’s $50b losses won't impact rated insurers: Fitch Ratings
This will bring 2024’s total global insured losses to over $100b.
MediShield Life to hike premiums, claim limits, and coverage by 2025
The government will provide $4.1b for these enhancements.
Malaysian general insurance association welcomes new CEO
He will succeed Julie Lean Gim Chong.
India’s LIC cuts first-year commission to 20%
This adjustment brings the total first-year commission down from 35% to 28%.
Taishin, Shin Kong approve merger
This creates Taiwan's fourth-largest financial firm
New CTF Life plan enhances inheritance, wealth control
It offers the option to adjust their policy components for improved projected returns.
Insurance third party administrators market to reach $501.93b by 2028
Major trends include blockchain integration and predictive analytics.
Australian insurers urged to adopt nature-positive practices
In December 2022, over 180 countries adopted the Global Biodiversity Framework.
India's non-life insurance sector dips 6.53% YoY in September
Year-to-date, the sector rose by 7.02%.
Quest Insurance to maintain strong capitalisation
However, future loss ratios are expected to rise.
Sumitomo Life strong despite investment pressures: Fitch Ratings
Its underwriting profitability recovered, with core profit margin at 12%.
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Most Read
1. Singapore’s life insurance slated for $43b premiums in 2029 2. Manulife enters into $5.4b reinsurance agreement with Reinsurance Group of America 3. APAC emerges as leader in renewables insurance 4. MAS updates rules on life insurance product launches 5. Rising healthcare costs drive growth in Indian insurance: McKinseyResource Center
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Humans need to be in insurance’s genAI loop
![Humans need to be in insurance’s genAI loop]()
Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
