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Rise of early-onset chronic illness press traditional insurance models
Rise of early-onset chronic illness press traditional insurance models
The median age for cardiology consultations has dropped to 33.
Pinnacle Life gains stable outlook on strong capital position
Operating performance is forecast to remain adequate.
Asia’s insurance markets grow in 2024 on life, health gains
China led Asia’s life insurance recovery.
Insular Life posts 1.1% rise in FY 2024 net income
New Business Premiums surged by 20.0% YoY.
India’s insurance industry sees 32% to 34% annual growth
Over the past nine years, the industry has attracted nearly $6.5b in FDIs.
Tokio Marine unveils TMGX with $500m risk capacity
It aims to support companies transitioning to low-carbon operations.
Taiwan life insurers stable for now as Fitch sees capital strength
The appreciation of the NT$ is also driving up currency hedging costs.
BOC Life maintains solid capital as profitability stays steady
The insurer remains majority-owned by BOC Hong Kong.
SingWealth sets foot in Hong Kong with new insurance brokerage licence
It aims to replicate the financial services model it has established in Singapore.
Australians average two hospital insurance claims a year
21% rated hospital cover as their most essential form of insurance.
Final expense insurance market to grow at 4.62% CAGR
Urbanisation and the shift from traditional support systems are driving demand in APAC.
Ping An P&C maintains stable margins in new-energy policies
Ping An P&C’s capital and surplus rose 9.0% year-on-year.
Nippon Life posts 5.7% profit rise as core earnings climb in FY 2024
However, insurance gains declined slightly by 5.2%.
Taiwan’s life insurers post $2.22b in foreign policy sales
Investment-linked insurance products generated $311m.
Hong Kong insurers stay stronger under new reporting standard, HKRBC
Insurers applying for transitional measures are likely to recalibrate their operations.
Index shows 47.75% premium surge in India post-COVID
Male Indian policyholders continue to pay 20.12% more than female buyers.
VSS ends paper health cards as digital IDs go live in June
The VSS has developed a nationally integrated and centralised IT infrastructure.
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