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FSC approves Samsung Fire & Marine integration under Samsung Life: Report
FSC approves Samsung Fire & Marine integration under Samsung Life: Report
Insurers holding more than 15% shares must integrate the company as a subsidiary.
Cyber ILS market grows as insurers seek alternative risk transfers
Cyber insurance demand is seen to reach $23b by next year.
Motor theft claims surge 96% to $270m in Australia over nine years
Theft claim frequency also rose sharply in Queensland and metro Victoria.
Private insurers offset LIC premium drop amidst policy changes
The decline was driven by adjustments to the sum assured and commissions.
Chubb Life rolls out insurance covering ICU stays under critical illness
The plan offers coverage for 144 illnesses and four payment options.
Travel insurance market to reach $86.39b globally by 2030
Demand is also driven do to rising popularity of adventure and sports tourism.
SME insurance market to reach $39b globally by 2032
The region holds the largets market share.
Prudential, Vama Sundari Investments to establish health insurance firm in India
Prudential Group Holdings will hold a 70% stake in the joint venture.
Sun Life veteran named CFO for Asian operations
He has been interim CFO since September last year.
Prudential net profit rises 41.1% to $2.4b in FY 2024
EPS stood at $0.897.
Manulife partners with Prosper Health for cancer medication access
Eligible customers will have access to Manulife’s Personalised Medical Case Managers.
Talanx net income jumps 25% YoY in FY 2024
Insurance revenue in the Corporate & Specialty division grew 10% YoY.
Ping An Insurance reports 47.8% rise in 2024 net profit
Life & Health new business value (NBV) increased 28.8% YoY.
How much of Malaysians have financial legacy plans?
48% of cited conflict prevention as a key reason for legacy planning.
Warranty and Indemnity insurance in Asia surges, record policy placements
These policies provided over $7.8b in protection limits.
How prepared are Singapore’s SMEs for business interruption?
Only a fifth of businesses claim they have adequate insurance coverage.
Maternity health insurance market to grow at 7.9% CAGR by 2032
Based on mode, online segment held the highest market share in 2023.
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1. Vietnam’s life insurance sector slated for dip this 2025 2. LIA Singapore appoints Wong as president with new 2025 goals 3. BFSI sector leads cyber insurance adoption at 35% to 40% share 4. Malaysia’s healthcare system faces funding, cost challenges 5. This week in insurance: Singapore's insurance sector sees market growthResource Center
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