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IAIS sets global roadmap with 2025-2029 plan on resilience
Climate change, digital, and cyber are core themes for the coming years.
IAIS sets global roadmap with 2025-2029 plan on resilience
Climate change, digital, and cyber are core themes for the coming years.
Tokio Marine partners with R-Cities on resilience finance
The initiative aims to address a growing protection gap.
Japanese life insurers' premium income doubles to ¥16t YoY
Assets of Japanese insurers also doubled to $2.56t.
Swiss Re net income falls 12% in 9M 2024
In the third quarter, its net income was $102m.
Taiwan insurance sector profits rise to $9.8b, up 3.5% YoY in September
Both life and non-life sectors recorded double-digit growth.
Allianz-Income merger in limbo as parties weigh new rules
A CEO said there is no guarantee that any transaction will take place.
HDI Global launches first complete ESG liability coverage worldwide
It was initially offered in Italy, Spain, and Portugal.
Sun Life Hong Kong expands SunJoy Global currency options
It also extended its medical services coverage to include several Eligible Savings Plans.
Global R&W claims notifications fall 21%
APAC, however, reported the lowest R&W notifications in three years.
ICCSC launches plan to boost insurance trust in Singapore
Trust indicator scores for general insurers were between 73 and 76.
3 in 10 diabetics struggle to afford appropriate care, coverage
Mental health is also affected, as 65% of diabetics report negative impacts.
APAC’s affluent move $700b to digital wealth management
These firms are adopting hybrid models that combine digital tools with limited human assistance.
Taiwan to ease rules on insurers' interested party deals
FSC has drafted amendments to Articles 4 and 6.
SG justifies blocking $2b capital withdrawal in Income-Allianz deal
This proposed extraction does not align with the representations made to MCCY.
Max Life to improve risk assessment with Swiss Re tech
It allows Max Life to leverage extensive health data from multiple sources.
Cambodian insurers’ premiums climb 5.3% growth in September
The number of policies in the general insurance market dwindled by 19.1%.
Yingda Taihe Property Insurance expected to keep low investment risk
It’s risk-based capitalisation was supported by increased retained earnings.
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1. bolttech secures $50m venture debt from HSBC, expands market 2. Prudential launches AI lab in Singapore 3. Life insurance premiums forecast to grow by 3% yearly until 2026 4. Manulife enters into $5.4b reinsurance agreement with Reinsurance Group of America 5. APAC emerges as leader in renewables insuranceResource Center
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Humans need to be in insurance’s genAI loop
![Humans need to be in insurance’s genAI loop]()
Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
