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Indian insurers at the cusp of transformation: retired IRDAI chairman
Indian insurers at the cusp of transformation: retired IRDAI chairman
India's IT capabilities will accentuate the further growth of the sector.
Indian general insurers likely to hit $36.4b in 2025
The sector has a CAGR of 8.7% over FY2019-2024.
HSBC Life, dacadoo partner to promote better health amongst users
The insurer will integrate dacadoo into its health platforms.
Philippine insurers' 2020 net income slips 8.6% to $859m
Premium income only crept up 1.18% YoY.
Great Eastern Q1 profit surges nearly 12 times to S$437.6m
Its profit rose from S$33.9m from the same quarter last year.
Better skies ahead for China Pacific's new business value
But patience will be needed amidst challenges in recruiting agents.
Chinese insurtech Waterdrop aims to raise $360m in IPO
The firm will sell 30 million American Depository shares.
China clamps down on medical insurance fraud
Fraudsters may face a suspension of reimbursement for up to a year.
Indian insurers' lagging underwriting could hit long-term profits: report
Adequate earnings have not accompanied market growth.
Indian insurers can now invest in REITs, infrastructure trusts
This will boost the overall portfolio yield held by these firms.
Sun Life is 2020's top Philippine life insurer
It netted a $175m net income and $811m premium income.
Ping An boosts green activities in support of China's carbon goal
It proposes performance targets for green finance and measures for green growth.
New specialty businesses to sustain Japan P&C insurers' capital
Growth of specialty products will support underwriting.
India's LIC nets $24.4b in FY2021 new premiums
Its individual life business posted a first-year premium income of $7.5m.
Thai life premiums to hit $22.8b in 2025
Whole life plans drive the sector, accounting for 72% of premiums in 2020.
Munich Re Syndicate launches Labuan retakaful window
Labuan FSA has approved the window facility to write sharia-compliant risks.
Retained earnings, foundation funds buoy Nippon Life's capital
But its capital position is vulnerable to a slump in the Japan stock market.
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AI isn’t replacing insurance, it’s finally making it work