News

FWD Group’s H1 2025 bags $47m net profit

New business sales rose 38% year-on-year.

Sumitomo Life maintains stable outlook: Moody’s

Annualised net premiums of in-force policies rose 6.5% in fiscal 2024.

Insurers expect climate risk to grow in importance over 3 years

About two-thirds allocate 4% of their portfolios to sustainable assets.

ZhongAn posts $94m profit on investment gains in H1 2025

It also pencilled in gross written premiums (GWP) of $2.33b.

Japan’s Toa Re sees net income rise on underwriting improvement

It saw increased investment return from higher interest and dividend incomes.

Singlife grants counselling and coverage support pack for caregivers

The support package is worth over S$1,000, the insurer said.

MSIG Singapore to underwrite protection & indemnity risks with marine unit

Asia’s P&I segment is projected to grow by $200m by 2030.

Insurtech bolttech enters Kenyan market

It covers theft, accidental, and liquid damage

Pet insurance market slated for 15.7% CAGR through 2030

Cat ownership is making the insured segment the fastest-growing.

Allianz Ayudhya to keep adequate performance with health, commercial growth

Despite this, operations stayed profitable in early 2025.

Commercial insurance market to grow 7.9% yearly until 2030

APAC is expected to record the fastest growth.

FWD expands office space at Taikoo Place

Devon House will be renamed FWD Tower, effective 1 January 2026.

Singapore doubles CareShield Life payout growth rate to 4% yearly

From 2030, monthly payouts for claimants will be US$628 (S$806).

IFPAS, Kaplan support 200 professionals with HNW wealth management certification

It provides a pathway to the Institute of Banking and Finance Singapore Level 2 or 3 Certification.

Sompo Holdings acquires Aspen Insurance in $3.5b all-cash deal

It is expected to close in the first half of 2026.