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Sumitomo Life strong despite investment pressures: Fitch Ratings
Its underwriting profitability recovered, with core profit margin at 12%.
Sumitomo Life strong despite investment pressures: Fitch Ratings
Its underwriting profitability recovered, with core profit margin at 12%.
Beneficial Insurance boasts 36.1% return on equity
Beneficial’s risk-adjusted capitalisation was strongest level as of 31 March.
Canara HSBC targets family security with new insurance plan
The plan comes in two variants.
Philippine state health insurer to offer emergency care package
PhilHealth's healthcare benefits now cover 60% of the most serious diseases.
Ardonagh merges PSC’s ANZ operations with Envest
This makes it one of the top privately owned insurance distribution companies in Australia.
GIC Re maintains strong capitalisation in FY 2024
In FY 2024, the company reported a consolidated ROE of 9.5%.
Philippines’ insurance sector smaller than other financial services
The industry generated total revenues of $8.14b in 2022.
Why Philippine banks, insurers embrace hyper-personalized services
Industry experts push for the rapid progress of unified customer data as a starting point.
Income-Allianz deal off on social concerns, says Singapore
The gov’t found no binding provisions in the deal to safeguard social mission post-acquisition.
China Taiping set to maintain strong market position
The group reported $10.51b in outstanding debt as of June, down from $11.90b last year.
More than a third of consumers warm to AI in insurance claims
Markets like Australia showed the least enthusiasm.
Travel insurance market to grow by $12.07b by 2028
Key drivers include rising consumer disposable income.
Nat Re benefits from robust local insurer ties
In 2023, Nat Re saw a notable rise in net profit, driven by improved underwriting.
Samsung Fire & Marine holds robust balance sheet, leads in auto insurance
SFM maintains the highest regulatory solvency ratio amongst non-life insurers in South Korea
Sumitomo Life's capital remains solid despite solvency ratio decline
Sumitomo Life’s core profit margin increased to 12%.
Hurricane Milton could add to insurers’ $60b NatCat losses in 2024
Global reinsurers could see their claims payouts rise.
M&G Life commits $250m to expand residential investments in Asia
This brings total real estate exposure in the region to $2.5b.
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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.
