News
Extortion cyber attacks rank financial services as 4th most targeted
Extortion cyber attacks rank financial services as 4th most targeted
Australia and New Zealand more vulnerable compared to firms in Europe or North America.
MSIG uses WhatsApp to streamline SME insurance process
SMEs constitute 99% of business in Singapore.
Hong Kong insurer offers MTR mobile users 45% premium discount
Users may earn MTR Points worth up to a $300 MTR fare discount.
Zurich Singapore reels in new leader of A&H
He brings over 12 years of experience.
S. Korea’s top 5 insurers generate 32.1% of production value
Industry turnover reached $48.3b in 2023.
Aviva Investors appoints new APAC solutions sales head
He has over two decades of experience in the insurance investment industry.
Suncorp’s full-year earnings climb 12% YoY
Its general insurance segment’s GWP increased by 14%.
Philippine HMO net income rebounds to $11.2m in H1 2024
Thanks to higher revenues driven by higher membership fees collected.
Aflac strengthens solvency with strong Japan ratio
Particularly, its medical and cancer insurance business profile remains strong.
Philippines’ insurance penetration increases amidst higher premiums end-June
It stood at 1.71%, higher than last year’s 1.63%.
Suncorp pivots to pure-play P&C insurance after divestments
Its FY 2024 P&C segment bagged $800m in net earnings.
Prudential, Google Cloud collaborate to upskill 15,000 employees
It aims to provide resources to transform their ideas into AI solutions.
China life insurers faced narrowing margins in 2023
Under C-ROSS phase 2 insurers are expected to exercise caution with investments.
India’s general insurance sector slated to expand 11.2% in 2024
Motor insurance is anticipated to account for 31.1% of GWP.
Sri Lanka to tighten capital requirements for insurers
The sector heavily relies on investment income, which challenges profitability.
The fourth attempt to sell MG Insurance falls through
KDIC is now looking into private contracts for MG Insurance sale.
Ping An’s green insurance premium hit $5.2b in 2023
Its green loan balance amounted to $20.4b.
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1. Tata AIA funds beat benchmarks with strong five-year returns 2. IndiaFirst Life signs bancassurance deal with DNS Bank 3. Why 9 in 10 APAC insurers hold stable outlooks 4. Cost and low awareness limit health and life insurance uptake 5. Universal life insurance market to reach $132.3b by 2033Resource Center
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AI isn’t replacing insurance, it’s finally making it work