News
India’s non-life insurance premiums rise 2.4% in July 2024
India’s non-life insurance premiums rise 2.4% in July 2024
The Bima Trinity initiative is expected to drive further sector growth.
This week in insurance: Bupa HK unveils Blua Health Pass; FWD HK new insurance plan; MS&AD $1.51b net income in Q1
Worldwide, the insurer’s revenue rose 8% on a currency-adjusted basis to $5.92b.
KDB Life reorganises third insurance portfolio to drive profitability growth
The initiative includes tighter profitability checks and a pre-alert system.
AIA Singapore posts 16% rise in new business value in H1 2025
Annualised new premium (ANP) rose 28% to $547m.
AM Best expects Malaysian Life Re performance to remain adequate in 2025
In 2024, Malaysian Life Re reported a negative insurance service result.
FWD Singapore rolls out indexed universal life plan under FWD Private
The product offers allocations between a Fixed Account, currently at 4.5% per annum.
ASIC renews retail cover exemption for wholesale insurance contracts
ASIC said the exemption reduces compliance costs.
AIA Singapore, Mount Alevernia collaborate for cost-efficient healthcare
The MoU builds on AIA Singapore’s healthcare initiatives rollout in 2024.
ICIEC signs revised MOU with NEXI on blended finance
It aims to strengthen investment flows into ICIEC’s 50 member countries.
AIA net profit falls 23.5% in H1 2025
The insurer also reported a 14% YoY increase in value of new business.
Howden Pacific says 70% of Australian businesses underinsured
The issue is particularly severe amongst small and medium-sized enterprises.
Thai life insurance industry grows 4.87% to $10b in H1 2025
New business premiums rose 7.38%.
Allianz Trade appoints Tetsushi Kitano as Thailand country manager
Kitano has been with the trade credit insurer for more than 17 years.
Sumitomo Life reports $5b premium income in Q1 2025
New business annualised premiums rose 18.4%.
Marine insurers urged to tackle modern slavery risks: IUMI
Modern slavery affects an estimated 28 million people.
ARPC achieves 99% positive rating on insurer relationships in survey
Insurer feedback highlighted ARPC’s strengths in open engagement.
HKIA launches AI cohort programme with seven insurers
A survey of more than 110 insurers showed 20% already have AI adoption strategies.
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