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Asia at risk with cyber insurance scarcity
Asia at risk with cyber insurance scarcity
The region's cyber insurance take-up rate is negligible at only less than 6%.
Here are the 5 key technologies in Asian insurers' digitalisation push
They lead in investment, in-memory analytics, and cloudbased analytics solutions.
Japanese P&Cs face fierce price war risk
E-commerce giant Rakuten and other players may "threaten" the country's insurance market.
Asia still lags in insurtech amidst 169% growth in deal values
Deals in Asia-Pacific account for only 7% of the the global share.
Life annuity scheme launched for Hong Kong's senior citizens
Men will receive a monthly payout of $5,800 whilst women get $5,300.
Japanese insurers embrace third-sector medical policies to weather ultra low rates
They rose 9% whilst individual annuity policies plunged 56% in fiscal 2017.
Singapore government unveils revamped insurance scheme for seniors with disability
CareShieldLife will be rolled out by 2020.
World's first blockchain marine insurance platform rolled out
‘Insurwave’ can help manage risk for more than 1000 commercial vessels in its first year.
Singapore listed insurance trio posts 8.6% return in May
The three insurers performed strongly despite intensified competition.
Korean life insurance net income crashes 21.7% to $316.9b in Q1
Blame premium income from savings-type insurance products which plunged by $2.5b.
China's online property insurance premiums surge 30.9% to $2.26b in Q1
The quarterly growth reverses a slight decline registered last year.
Hong Kong insurance tax bill gazetted
It enables a tax deduction for residents buying health insurance under the VHIS.
New Zealand regulator alarmed by $34m spent on insurers' non financial incentives
Trips, business support and conferences may influence insurers’ exercise of duty.
Chinese insurers defy deleveraging campaign by ramping up alternative asset allocation
Such assets offer higher returns of 9.42% than 5% on average offered by corporate bonds.
Singapore life insurance premiums up 14% to $689.23m in Q1
Linked policies led the charge after surging 82% in Q1.
China's insurers remain flush with money
Average comprehensive solvency ratios of life and P&C insurers remained above 200% as of end 2017.
Singapore to roll out blockchain-powered insurance ecosystem
Deloitte, FWD and Ziliqa are amongst the launching partners.
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1. Manulife SG unveils indexed universal life solution for wealth preservation 2. Manulife dares startups to tackle Asia’s age imbalance 3. Zurich, HTHK launch SIM plans with travel insurance for GBA trips 4. Prudential’s new business profit rise 12% to $608m in Q1 5. PwC's Chris Hewison explores how Asia's insurers can thrive amidst tech disruption and shifting customer demandsResource Center
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Hewison highlights how insurers must balance innovation with trust, compliance, and societal impact to remain resilient and relevant in an increasingly complex landscape.
