News
Premium revenues from foreign-currency life insurance in Taiwan rise 35% in June
Premium revenues from foreign-currency life insurance in Taiwan rise 35% in June
Traditional products made up the bulk of sales at $5.7b.
Korea’s insurers benefit from regulatory changes easing investment rules
Insurers are likely to focus on asset-liability management.
Electric energy insurance market to hit $4.97b by 2029
Asia-Pacific is forecast to record the fastest growth in the coming years.
Insurance Council of Australia pushes for lower corporate tax rates
The council, instead, recommends creating a A$30.15b flood defence fund.
Insured losses from Kathmandu riots rise sharply, says AM Best
Domestic reinsurers also face capital strain.
Sun Life Philippines brings financial guidance to MSMEs with Go Negosyo
Advisors will be present to provide business owners with insurance guidance.
Tokio Marine Kiln enhances Cyber Ctrl with AI risk protection
The update includes a new Professional Ctrl policy.
Allianz Partners expands plans with new health benefits for SMEs
The plans cover businesses with three to 100 employees.
How expanding insurance could add over 4% to GDP across ASEAN
These gains are linked to stronger labour force participation and more.
India exempts individual health insurance premiums from 18% GST
The change lowers costs for policyholders.
Specialty insurance market to triple by 2032
This shows a compound annual growth rate of 10.7%.
Vietnam targets 95% health insurance coverage by 2026 under resolution
Authorities are expanding coverage through employer–employee contributions.
Zurich Edge unveils digital policy cards, travel alerts
The digital cards will integrate both Google Wallet and Apple Wallet.
RACQ accused of sending 570,000 renewal documents with wrong premium
One case allegedly saw RACQ hiking up a customer’s premiums by 40%, said ASIC.
Trigger flaws challenge growth of parametric insurance
Rapid expansion faces hurdles from flawed triggers and basis risk.
Igloo links with Telkomsel to provide gadget and screen insurance
In 2023, Indonesia saw 3,300 cyberattacks weekly.
Generali China Insurance uses drones to improve solar plant coverage
Quantified Energy’s drones use electroluminescence imaging to spot hidden defects.
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
