News
Central Asia insurers diversify portfolios with reinsurance play: AM Best
Central Asia insurers diversify portfolios with reinsurance play: AM Best
Despite the shift possibly driving profits, AM Best still warns of risks.
P&C insurance market prepares for demographic shift by 2050: Capgemini
45% of consumers expect to spend more on lifestyle upgrades.
Manulife Singapore streamlines advisor tools with iFUNDS update
The update also allows Unit Trust transactions directly within the platform.
Asia’s commercial rates contracts in Q1 2025
This is the fifth consecutive quarter that rates have fallen.
Zhibao Technology opens reinsurance unit in Labuan for expansion
It expects Zhibao Labuan to act as a minority risk taker for selected businesses.
Ping An Health’s Q1 2025 earnings hit $8m
70% of Ping An Life’s new business value came from health and senior care services.
India’s non-life insurance sees flat growth in FY 2025
It was dragged by the low passenger vehicle sales growth during the period.
Singlife launches shared accident coverage for families
The insurer said this is the first personal accident insurance plan in the market.
Willis appoints Steve Hutchinson as P&C head for HK, Macau
He was previously Chief Broking Officer at Howden Insurance Brokers in Hong Kong.
Chinese insurers explore nonstandard securitisations
Originators want faster issuance times, even at higher funding expenses.
Flexible work gains ground in Singapore’s insurance sector
The sector was amongst those that typically require on-site presence.
Swiss Re brings in 17-year CRO veteran for top risk role
He will succeed Patrick Raaflaub, who is stepping down from the role.
MoneyHero launches integrated car insurance platform with bolttech
The new service allows customers to compare real-time quotes.
Insurance companies risk missing $160b without AI scale
Those who successfully deploy AI invest about 30% more in AI capabilities than peers.
Travel insurers cut benefits for seniors and children in Hong Kong
Premiums ranged from $145 to $509 for a 7-day trip in Asia.
India’s insurance penetration rises to 41% on public schemes growth
India’s healthcare and hospital sector is moving to aggressive expansion.
Japan’s top P&C insurers post double-digit profit growth in fiscal 2024
Domestic net premiums written also grew across all three insurers.
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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