News
Philippines urges HMOs to adopt PFRS 17 by 2027
Philippines urges HMOs to adopt PFRS 17 by 2027
HMOs shall not be precluded from early implementation.
Taiwan life insurers shift focus to protection products
The accident and health insurance market grew 16% YoY in 9M 2024.
Singlife’s new whole life plan offers additional cover of up to 400%
The plan also includes a Retrenchment Benefit.
Actuaries Institute seeks fairer insurance
The paper found that existing customers are charged more than new clients.
HNB Assurance expected to boost profitability
Non-life premiums increased 14% in H1 2024.
P&C insurance profits bolster ZhongAn's performance
AM Best expects ZhongAn’s to continue facing challenges from investment fluctuations.
Q3 insurtech investments reach $1.38b, highest since 2023
63.4% of Q3 2024 deals are directed at AI-centered insurtechs.
Flood infrastructure saves 10x rebuilding costs
Climate change is expected to drive up these losses further.
Insurance firms lag in climate committees
Yet, 70% of firms view climate risk as central.
Howden acquires Storfield to boost Hong Kong operations
Its CEO is Victoria Lau.
Loyalty costs Australians in insurance premiums
1 in 3 who expressed satisfaction with providers rarely or never compare policies.
81% of Hongkongers prioritise family over retirement savings
Half of those assisting elderly family members view it as a financial burden.
SG expands MediShield Life healthcare coverage, raises premium subsidies
The government will expand coverage for mental health and outpatient services and provide premium top-ups.
Car Insurance Aggregators market to hit $5b in 2024
It is also forecasted to see a CAGR of 12.2% through 2028.
KB Insurance stability supported by strong CSM in long-term plans
Interest income is a key driver of investment profit.
Zurich Malaysia’s new MediAfya+ extends coverage to age 80
MediAfya+ includes deductible choices of $112.91.
SG life sector’s weighted new business premiums surge 24% YoY in 9M 2024
Q3 2024’s weighted new business premiums grew by 18.2% YoY.
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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