News
Asia’s commercial insurance rates dip 4% in Q3 2024
Asia’s commercial insurance rates dip 4% in Q3 2024
Global commercial insurance rates fell by 1% in Q3 2024.
HDI Global appoints new CFO from Munich Re subsidiary
He has 25 years of experience within the Munich Re Group.
Over half of insurers penalised for errors
58% of respondents said it takes over five months to implement a rule change.
Global Reinsurers’ ROE surpasses cost of equity in 2023
ROE of reinsurers reached 22% last year.
BOCG Insurance's liquidity sufficient for liabilities: AM Best
The company’s 2023 capital and surplus was driven by underwriting and investment income.
Allianz General cuts travel insurance costs for holiday season
Nearly a quarter of domestic flights in Malaysia faced delays from January to August.
Malaysia’s life insurance market to hit $17.2b by 2028
Endowment insurance is projected to represent 77.3% of total DWP.
Over 38% of Indians remain uninsured despite sector growth
An estimated 14% of the population opts for private voluntary health insurance.
Marsh McLennan bags $3.5b in Q3 Revenue for insurance
EPS rose 3% to $1.51.
Canara HSBC Life launches India manufacturing fund for ULIPs
The portfolio focuses on Automobiles, Capital Goods, Defence, Healthcare, and Metals.
Zurich’s P&C segment in Asia grows 4% YoY in 9M 2024
The Life insurance segment saw its new business premiums increase by 6%.
RBC rules may shift Hong Kong insurers to bonds: Aviva Investors
Singapore’s asset growth in 2019 and 2022 could spark promise for Hong Kong.
Insurance companies in Asia are navigating rapid regulatory changes
It challenges insurance companies' operations.
Allianz SE mulls exit from Bajaj Insurance joint ventures
Bajaj Finserv holds a 74% stake in both joint ventures.
Aussie insurers to slash costs by 30% with tech revama
Insurers’ operating costs have surged—20% for incumbents.
China greenlights BNP Paribas, Prudential insurance firms
China’s fast assets growth last year attracted both parties.
Climate change renders Australian home insurance unaffordable
Surge in claims led to an average home insurance premium increase of at least 14%.
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Speakers from Kasikornbank, KPMG Thailand, Systemweb Technology, and Simon-Kucher will share their insights on the industry’s latest trends and challenges.
Commentary
For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness