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Cathay Life boosts 9M 2024 net profit to $2.06b
Cathay Life boosts 9M 2024 net profit to $2.06b
The value of new business (VNB) increased 20% to $740m.
Usage-based insurance market poised to hit $286b by 2032
The Asia-Pacific region is emerging as a key growth driver.
Fukoku Life’s annualised premiums jump 13% YoY in H1 2024
Fukoku Life demonstrated solid growth in 1H24, according to CreditSights.
Insurers say India’s medical costs to climb 13.2% this year
Meanwhile, 2024 is projected to jump by 12.5%.
Asahi Life's core profit jumps 67.7% in H1 2024
Asahi Life plans to enhance profits in protection-type products.
CTF Life secures exclusive insurance partnership with Kai Tak Sports Park
The insurer will help bring international events to Hong Kong.
Insurers see Hong Kong’s medical cost increase 9.8% in 2025
Insurers in Hong Kong report a return to pre-pandemic levels of outpatient claims.
NRIC numbers invalid for key insurance transactions
Reviews regarding the use of NRIC may result in changes to existing processes.
Nippon’s H1 2024 core profit surges 36% despite premiums decline
New annualised premiums for individual and annuity insurance fell by 1.8% YoY.
Muang Thai Life 9M 2024 net profit rises 7.3% despite lower premiums
New business premiums dropped by 2.7% YoY.
Commercial insurance set to grow at 7.5% CAGR by 2032
Asia Pacific led the market with a share of over 23% in 2023.
QBE's gross written premiums rise 1.5% to $17.6b in 9M 2024
Strategic portfolio exits have mitigated the impact of catastrophe losses.
SME insurance is seen to reach $417b through 2032
Smaller organisations lack the resources and experience to form a separate risk department.
Professional indemnity claims rise by 6% in two years
Marsh India said PI claims range from $20m to $100m.
Suncorp retains stable outlook amidst earnings diversity concerns: S&P
It plans to return $2.5b in excess capital from the bank sale to shareholders in 2025.
2025 salary hikes expected in Singapore's insurance sector
Those in lower-value administrative functions may experience a more modest increase of 10%-15%.
Hong Kong’s insurance sector could see 3% to 4% salary hikes in 2025
Hong Kong is expected to maintain steady hiring activity in 2025 despite sluggish economy.
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