News
FWD boosts AI capabilities via AWS cloud
FWD boosts AI capabilities via AWS cloud
As of 2023, FWD's cloud migration reaches 97% completion.
Thailand could see $27b in total premiums this year – Baker McKenzie
The Land of Smiles braces for high electric vehicle adoption.
Allianz Commercial pegs SEA as global hotspot for maritime losses in 2023
This region saw over 184 total losses in the past decade.
ICA amplifies fight against insurance scams with new function
In 2023, it saw AU$560m cases of opportunistic insurance fraud.
Sompo forecasts $1.47b net income for FY’25
Its FY’24 net income significantly grew compared to the previous year.
Japan pays $610b claims from severe rain last year
This included heavy rainfall “Baiu” and Typhoon Mawar.
Forrester unveils guide to combat 78% breach rate amongst firms
Recently, the cyber insurance market has seen rising premiums.
Pet insurance market set to reach $40.2b by 2033
In the region, China and India have the largest pet population.
Tokio Marine targets EPS growth of 8% by 2026 in new plan
Its new mid-term plan aims to counter risks and boost control.
Nomura lifts target prices for Chinese insurers to 12%
The adjustment follows a 100 basis point reduction in its risk discount rate.
Generali’s GWP surges 21.4% YoY in Q1’24
This growth was driven by both its life and P&C businesses.
Usage-based insurance to propel with a CAGR of 27.6% by 2030
The market is projected to reach $64.29b
Zurich, AEON target gap in Takaful market
The partnership aims to integrate fintech with Islamic finance.
Disappointing 1Q'24 dampens Prudential's outlook: Jefferies
Jefferies reduced its price target by 22%.
India’s non-life sector could see 15% growth in the medium-term
This would be driven by India’s GDP and disposable income levels.
Groke calls for strong implementation of ship situational awareness systems
17% of marine insurance claims from 2017 to 2021 were due to collisions, foundering, or sinking.
How does S. Korea fare in terms of risk resilience?
It ranked lowest in climate risk exposure at 109th place.
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AI isn’t replacing insurance, it’s finally making it work