News
Vietnam expands social insurance to cover household business owners
Vietnam expands social insurance to cover household business owners
The minimum monthly contribution stands at $22.42.
Singlife to support customers after Jetstar Asia closure
All claims will be assessed following applicable policy limits.
Philippine pre-need premiums grow 4.4% in early 2025
Total premium income also grew by 4.41% to $105m.
China leads Asia telematics growth with insurer tech adoption
Global expansion is driven by the increased adoption of usage-based insurance.
Fitch expects China United Property Insurance to maintain stable underwriting in 2025
But increased allocation to risky assets may threaten capital and earnings.
Chubb Life opens Hong Kong wealth hub for high-net-worth clients
Chinese visitors alone spent $8b on life, critical illness, and medical policies in 2024.
Taiwan non-life premiums rise on tighter underwriting discipline
Motor insurance remained the largest segment.
Erajaya Digital debuts repair and cyber alert service with bolttech
The programme includes repair coverage for physical damage.
Air India crash raises pressure on global aviation reinsurers
Claims from this single event could potentially exceed the entire annual premium.
Tokio Marine sets global AI governance policy with oversight rules
Key provisions ensure AI decisions remain subject to human judgment.
Etiqa extends support for travel claims after Jetstar shutdown
Customers facing disruptions to Jetstar Asia flights between 11 and 31 July 2025 may submit claims under the Travel Delay Clause of their policy.
Sing Re secures IFSCA nod to launch GIFT City reinsurance unit
Sing Re will offer treaty and facultative reinsurance solutions.
South Korean insurers Q1 2025 net income contracts 15.8% YoY
Both its life and general insurance sectors recorded declines.
GIAJ enhances compliance support with new rules and seminars after leaks
It also announced the formulation of whistleblowing mechanisms.
Aon appoints new head of Client Services
Soh brings over 19 years.
Ping An ranks fifth amongst Chinese firms on list
Ping An reported $158b in revenue.
Insurers worldwide retain more risk as reinsurers limit low-layer cover
Life insurers face long-term pressure as they shift toward retirement-focused products.
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1. Remote job demand in Singapore insurance rises 15.3% 2. India insurance market sees moderating premium growth: Report 3. Tokio Marine Life, RHB launch guaranteed-acceptance plan for seniors 4. Manulife to sell MVI Life to Japan’s Asahi Life 5. Hong Kong reinsurers to absorb significant claims from Wang Fuk Court fireResource Center
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AI isn’t replacing insurance, it’s finally making it work