News
Extended mortality risks loom for insurers
Insurers will need reassessment of mortality portfolios.
Indians regret delaying term insurance start
Only 11% review their coverage annually.
HDI Global debuts energy unit for full coverage
Franz Adamczyk will lead the new unit.
Resolution Life welcomes new president from Swiss Re
Ojeisekhoba will oversee the commercial division of Resolution Life.
Lloyd's faces volatility from catastrophe, long-tail risks
Reinsurance, the largest segment of Lloyd’s, contributed US$23b in GWP last year.
Typhoon Yagi triggers reinsurance reassessment in Vietnam
Business interruption claims are expected to be manageable.
Sunshine Capital dives into insurance broking
This move aims to capitalise on the anticipated growth in India's insurance sector.
Zhibao expands homeowners' insurance to Nanjing
The product is backed by six insurers.
CALI supports ban on genetic data in insurance
The 5-year review will allow the law to adapt to genetic testing.
Poultry insurance sees growth from diet changes
High costs, especially for large-scale operations, still pose a challenge.
Parametric insurance market set to double by 2033
The manufacturing sector held the largest share of the market in 2023.
Chinese insurance tech meets auto giants in new deal
The company plans to develop a solution for traditional automakers in two years.
India's life insurance APE growth slows to 10.5% in August
LIC's performance in 5M FY 2025 outpaced its private sector peers
Kyobo Life reports $6b gross premiums in H1 2024
However, investment profits dropped 41.4% QoQ.
MAS to assess capital plans in Allianz-Income deal
It will evaluate if Allianz’ acquisition meets regulatory requirements.
Cosmetology liability insurance market to grow by 5%
The cosmetics and beauty industry has also noted a rise in employment.
India approves health coverage for seniors aged 70 and above under AB PM-JAY
Eligible citizens will receive $6k (₹5 lakh) free health insurance coverage per year.
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1. Aon to acquire Mitsubishi Chemical Group’s insurance agency 2. Singapore’s life insurance slated for $43b premiums in 2029 3. MAS updates rules on life insurance product launches 4. APAC emerges as leader in renewables insurance 5. Rising healthcare costs drive growth in Indian insurance: McKinseyResource Center
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Humans need to be in insurance’s genAI loop
![Humans need to be in insurance’s genAI loop]()
Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
