News
Aashi Life’s net profit jumps over threefold YoY in Q1 2024
This was equivalent to $20m in earnings.
Hong Kong insurance complaints drop 10.6% in 2023
H1 2024 also recorded an 11.9% reduction in complaints.
Thailand's life insurance industry slated for CAGR of 4.4% by 2028
In 2023 the sector grew by 3.7%.
Igloo, TrueMoney team up to offer health insurance in Thailand
It also includes critical illness coverage.
Australia’s annual weather-related insurance costs more than double
Insured losses increased to 0.7% of the GDP.
Sumitomo Life net income climbs to $148m in Q1 2024
Gross premiums also surged 31.7% YoY.
Southeast Asia’s insurtech sector hits $2.4b in 2023
It was mainly driven by Singlife’s merger with Aviva Singapore.
How the surge in medical malpractice claims in Singapore affects insurance premiums
Recent legal developments indicate a potential rise in malpractice claims, which may lead to increased insurance premiums for doctors.
B2B spending drives Indonesia's insurance sector in 2023
Indonesia's industry turnover reached $17.2b.
HDI Global’s net financial result rises to $76m in H1 2024
Thanks to higher investment volumes and increased interest income.
KB Indonesia to meet new capital requirements, capital growth expected
Its five-year ROE ratio was 5.1%.
WTW lists 5 benefits of parametric insurance in energy sector
Regular payouts often take 15 to 30 days, but parametric can expedite this long-wait.
Pru Life UK nets $85m in new premiums this quarter
It also totalled $400m in premium income for variable life insurance products.
MAS banks on financial institutions to enforce robust IT security
All FIs in Singapore must comply with the Personal Data Protection Act (PDPA).
SCOR merges APAC Life & Health units under new leadership
Dion Russell left SCOR to pursue other opportunities.
India considers raising insurance FDI cap to 100%
Despite many industries open to FDI, the insurance sector remains partially restricted.
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AI isn’t replacing insurance, it’s finally making it work