News
Sri Lanka commits 2% insurance penetration rate by 2035
Sri Lanka commits 2% insurance penetration rate by 2035
Sri Lanka and other industry bodies introduced the “Vision 2035” roadmap.
Japan life insurers post 5.9% growth as annuities slip
New individual cover reached JPY46.1t whilst annuity sales edged lower.
India insurers post 13.9% premium rise as policy growth lags
Data shows that 21.27 million policies were issued, but expansion trailed the jump in income.
This week in insurance: Asia reinsurance prices fall, Middle East tensions raise risk, insurers roll out AI and legacy products
Ongoing conflict in the Middle East is increasing operational and insurance pressures.
ICICI Lombard's earnings rise 11% in FY 2026
Gross Direct Premium Income rose to $3.2b.
Critical illness insurance seen growing 11.4% CAGR through 2034
Forecast value reaches $365.92b by 2034 from $154.28b in 2026.
Reinsurance capital jumps 10% as new entrants crowd market: Guy Carpenter
Growth is driven by asset managers increasing exposure to life risk transfer strategies.
Taiwan’s insurance premiums rise 8% as claims outpace non-life growth in 2025
Non-life payouts climb faster than premiums, signalling pressure on underwriting margins.
Crédit Agricole shifts 350 staff into new Japan office
The group has opened a workplace on the 50th floor of Azabudai Hills Mori JP Tower.
Rare Earth Insurance reshuffles leadership across APAC markets
New chief roles span Hong Kong Taiwan and China signalling broader regional oversight changes.
Igloo appoints Ramjit Lahiri as Philippine head
He was most recently CEO of Carmudi Philippines.
Over half of investors require insurance for crypto asset exposure
Security concerns remain dominant even as most respondents see low systemic risk.
Zurich names Shukla to lead Asia-Pacific digital push
He takes charge of Zurich Edge the firms regional embedded insurance unit.
Singlife partners SMU to tackle retirement savings strain
The study will examine adequacy needs as medical costs and money pressures keep climbing.
HDI Global taps Beblo to drive property expansion
He takes charge of the worldwide Property Local Risk portfolio starting 1 May.
Non-life leads reinsurance market with 57% share as brokers hit 72%
The non-life segment is forecast to grow 7.6% annually through 2035.
1 in 5 Singaporeans want coverage with digital mental health tools
Only 60% view AI mental health tools positively, lagging physical and financial services.
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Claims delays reshape customer loyalty patterns in Indonesia insurance sector.
