News

Asia insurers risk irrelevance as protection gaps widen

An expert said Singapore saves 36% of its income despite having high protection and critical illness gaps.

Banks urged to turn pricing into a strategic growth lever

A consultant says data-driven pricing can boost revenue and lower funding costs without sacrificing volume.

AI governance failures threaten banks’ returns

95% of GenAI spend has no outcome as organisations remain in the early stages of adoption.

Insurers chase AI gains as workers fear job losses

Ninety-two million jobs may be displaced by AI by 2030.

Trust Bank taps ecosystem to fuel digital banking growth

The digital lender credits partnerships, not just tech, for its scale to one million customers in under four years

Organised crime forces banks to rethink fraud prevention

Industry leaders say collaboration is key to combating organised financial crime.

Great Eastern Financial Advisers nabs securities advisory licence

The firm can now advise on securities and structured deposits.

Igloo strengthens APAC presence with Eazy Digital acquisition

The deal adds Thailand operations, clients, and software capabilities across Asia.

AI oversight gains urgency as deepfake scams surge 2,000%

Ashwini Karandikar urged firms to map every point where AI influences risk-bearing decisions this year.

Howden targets seafarer cover gap with SAFER at Home

The product provides basic hospitalisation protection for crew members between contracts.

SMEs face cyber cover gap after 34.7% suffer attacks

Only 16.8% of small businesses worldwide hold standalone cyber insurance.

Ping An rises in Forbes list as China firms dominate

The insurer reported assets of $1.99t during the assessment period.

QBE reshuffles Asia leadership two 2 Hong Kong hires

Patrick Karlowski will oversee regional strategy operations and transformation programmes.

India insurer Ageas Federal Life reports near‑perfect claim settlement ratios

Three in four eligible claims were settled within seven days in FY2025–26.

Prudential Hong Kong expands direct billing service to cancer care

Eligible customers can access cashless oncology treatment at Union Oncology Centre.