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Taiwan to ease rules on insurers' interested party deals
FSC has drafted amendments to Articles 4 and 6.
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.
China to boost commercial insurance annuities
It also plans to establish a regulatory framework for its supervision.
Pet insurance market to grow $30.1b by 2028
Estimates show more than 500 million companion animals in the world.
CPFIS funds' annual returns rise to 14.71% in Q3
Its quarterly average return, however, fell to 2.54% from 3.11% in Q2.
Reinsurance costs challenge New Zealand insurance earnings
2024 experienced fewer significant weather events, alleviating claims expenses.
Kwoon Chung, YAS launch HK’s first bus travel insurance
Accidental medical expenses are covered up to $650.
Philippines urges HMOs to adopt PFRS 17 by 2027
HMOs shall not be precluded from early implementation.
Taiwan life insurers shift focus to protection products
The accident and health insurance market grew 16% YoY in 9M 2024.
Singlife’s new whole life plan offers additional cover of up to 400%
The plan also includes a Retrenchment Benefit.
Actuaries Institute seeks fairer insurance
The paper found that existing customers are charged more than new clients.
HNB Assurance expected to boost profitability
Non-life premiums increased 14% in H1 2024.
P&C insurance profits bolster ZhongAn's performance
AM Best expects ZhongAn’s to continue facing challenges from investment fluctuations.
Q3 insurtech investments reach $1.38b, highest since 2023
63.4% of Q3 2024 deals are directed at AI-centered insurtechs.
Thought Leadership Centre
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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.
