News
SEA insurtech funding hits $1.8b
80% of the sector’s funding was secured in the past five years.
APRA sets four-year plan for financial sector stability
APRA will collaborate to address the protection gap in household insurance.
Tough reinsurance market compounded by IFRS 17
Although this shouldn’t affect a company’s financial strength, says AM Best.
A quarter of businesses with standalone cyber insurance act quicker
About 37% of enterprise respondents secured $100m or more in coverage.
Zurich and GXBank target online scams with new insurance
Coverage price ranges from $0.23 per month to $0.92 per month.
Prudential’s H1 2024 IFRS profit declines YoY
It dwindled 80.8% to $182m.
Japanese life insurers poised for earnings growth
Though other insurers have weaker profiles due to smaller operations, business diversification
China expands medical insurance to over 72% of village clinics
It aims to cover 100% of rural villages by the end of 2024.
Korea P&I Club's conservative investments support stability
KP&I has implemented general premium increases.
Reinsurers capital seen to reach $625 by end of year
Thanks to higher retained earnings and lower investment losses.
Great Eastern names HSBC banker as new group CEO
Greg Hingston will take the helm once Khor Hock Seng retires on 31 Oct 2024.
AIA Vietnam’s profit dwindles in H1 2024
Revenues from insurance activities fell by 10.4%.
Australia’s top five insurers contribute 33% of insurance, pension market
Rising B2B costs pushed overall industry costs up by 2.5%.
Asians spend 30 times less on insurance than Americans
Despite major markets like China and Japan, per capita spending remains modest.
How insurers can harness AI for enhanced risk assessment
Generative AI augments decision-making and hyper-personalization.
Sun Life gets new CRO for Asia
He joins from FWD Group.
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AI isn’t replacing insurance, it’s finally making it work