News

New capital rules pressure South Korean insurers

New capital rules pressure South Korean insurers

Standardised actuarial assumptions may affect firms differently based on underwriting practices.

Asia watch claims jump 21% as theft rises

The global average increase was lower at 17% over the past three years.

Only 2 in 5 insurers use AI for underwriting

Across 10 major markets, researchers identified 126 active insurance artificial intelligence cases.

Malaysia fire premiums climb 6.9% on rebuild costs

The segment generated RM700.8m in underwriting profit during 2025.

India renewables face $55b climate loss risk

The study assessed 871 planned clean energy locations across 10 states and territories.

Indonesia credit claims jump 17% in Q1 2026

The loss ratio climbed above 100% during January to March.

South Korea shields doctors from $1.2m claims

The government will pay the full $1,138 annual premium per specialist.

Allianz says $125b in cargo remains stranded in Gulf

Hull and cargo premiums increased during the conflict.

Singapore eyes new corporate structure for insurance risk transfer

MAS says the framework could speed up risk transfer to capital markets.

Philippine life insurers lift premiums 15% as density hits record

Per capita insurance spending reached $70.15 in 2025 from $62.30 a year earlier.

Howden Re expands China push with three hires

The senior executives will be based in Hong Kong across specialist reinsurance divisions.

Markel hires Ang to grow Asia terrorism cover

Ang joins from Everest, where he led political violence and terrorism for Asia.

Allianz ranks 11th in finance workplace list

Great Place To Work surveyed 18,712 employees across Australia in finance and insurance.

APAC insurers stay stable despite claims pressure: Fitch Ratings

Non-life insurers face higher claims costs that are reducing underwriting margins.

South Korea eases AI rules as oversight tightens

Regulators will accelerate network separation reforms for financial AI systems.

Singapore retirement gap tests insurers as consumers age

Healthspan lags lifespan by about 10 years as protection gaps reshape retirement planning.