News
South Korea’s life insurance market to hit $174.4b in 2030
South Korea’s life insurance market to hit $174.4b in 2030
Rising demand for health, pension, and protection products is driving growth in 2025.
Aon names ex-BNP Paribas banker as enterprise client leader in Japan
Shinji Kuriyama brings 30 years of experience working in the financial services sector.
China unveils national catalogue for long-term care insurance services
The catalogue has 36 services items for daily life care and medical care.
South Korea’s DB Insurance to acquire The Fortegra Group
DB seeks to expand in the US and European specialty insurance markets.
Zurich partners YAS to launch rewards-based insurance for Hong Kong taxis
Eligible drivers will be provided personal accident coverage, amongst others.
T. Rowe Price unveils two retirement allocation funds for HSBC investors
The funds aim to provide monthly dividends at a fixed annual percentage rate of 6%.
Firms need to hire ‘intellectually curious’ talent to boost cyber defence
They also need to invest strategically in security and adapt culture from the top down, experts said.
Etiqa boosts claims assessment and app adoption with AI
AI is being used to analyse vocal intent, transaction history, and social media patterns.
Nippon Life rebounds to pre-pandemic profitability: Fitch Ratings
Core profit margin was at 19% in fiscal 2025.
Flood insurance market projected to reach $25.21b in 2025
Japan stands out, with more than 75% of homeowners holding flood protection.
Premium revenues from foreign-currency life insurance in Taiwan rise 35% in June
Traditional products made up the bulk of sales at $5.7b.
Korea’s insurers benefit from regulatory changes easing investment rules
Insurers are likely to focus on asset-liability management.
Electric energy insurance market to hit $4.97b by 2029
Asia-Pacific is forecast to record the fastest growth in the coming years.
Insurance Council of Australia pushes for lower corporate tax rates
The council, instead, recommends creating a A$30.15b flood defence fund.
Insured losses from Kathmandu riots rise sharply, says AM Best
Domestic reinsurers also face capital strain.
Sun Life Philippines brings financial guidance to MSMEs with Go Negosyo
Advisors will be present to provide business owners with insurance guidance.
Tokio Marine Kiln enhances Cyber Ctrl with AI risk protection
The update includes a new Professional Ctrl policy.
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Jul
07
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CEO Phlaphongphanich said the industry is measuring the wrong things.
