News
South Korea proposes shift in insurance from hours to income
South Korea proposes shift in insurance from hours to income
The revisions would mark the first major change to the system since 1995.
Asia-Pacific leads livestock insurance market with 39.7% share
Globally, the market is projected to grow to $8.5b by 2034.
Singapore-based petrochemical conglomerate secures $350m cover from ICIEC
The Islamic Development Bank (IsDB) Group is also investing $150m.
Sun Life offers new insurance for professionals with low income
Premiums start at $44.33 (₱2,500) per month.
OJK launches insurance agent, policy databases to boost transparency
The policy database collects monthly data on life and general insurance policies.
Fitch expects Japan insurers to sustain strong underwriting in FY 2026
The three leading non-life insurers recorded solid profits in FY 2025.
Thai association says Myanmar–Thailand quake claims may reach $1.53b
This is up from the $920m already filed from 150,000 claims.
HSBC Life unveils indexed universal life policy with gold tracking
Families in APAC are expected to transfer about $5.8t in wealth by 2030.
HSBC names Kate Subak as new CEO of HSBC Insurance (Bermuda)
She was previously COO of Sun Life International in Bermuda.
Insurers raise private asset allocations to 21% in 2024
17% of fixed income investments are now in private credit.
CNPC Captive Insurance to upstream 40% of income to parent group
Fitch Ratings said the insurer is forecast to deepen its coverage of insurable risks.
FWD Group prices Hong Kong IPO at $4.84 for 7 July debut
The offering is expected to raise $445m.
Great Eastern says no takeover rules broken in OCBC offer process
It added that the final offer was higher than the prices first discussed.
ICA urges review of Tasmania’s plan for state-owned insurer
The ICA said the plan would shift disaster recovery costs.
P&C insurance market to reach $3t by 2032 on global demand
The market was valued at $1.9t last year.
Vietnam tightens enforcement as social insurance violations and delays mount
Failure to register eligible employees for SI or UI within 60 days of the legal deadline.
Philippines proposes motor premium hikes with wider cover
The revised premium structure retains fixed additional charges.
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For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness