News
Sun Life veteran named CFO for Asian operations
Sun Life veteran named CFO for Asian operations
He has been interim CFO since September last year.
Prudential net profit rises 41.1% to $2.4b in FY 2024
EPS stood at $0.897.
Manulife partners with Prosper Health for cancer medication access
Eligible customers will have access to Manulife’s Personalised Medical Case Managers.
Talanx net income jumps 25% YoY in FY 2024
Insurance revenue in the Corporate & Specialty division grew 10% YoY.
Ping An Insurance reports 47.8% rise in 2024 net profit
Life & Health new business value (NBV) increased 28.8% YoY.
How much of Malaysians have financial legacy plans?
48% of cited conflict prevention as a key reason for legacy planning.
Warranty and Indemnity insurance in Asia surges, record policy placements
These policies provided over $7.8b in protection limits.
How prepared are Singapore’s SMEs for business interruption?
Only a fifth of businesses claim they have adequate insurance coverage.
Maternity health insurance market to grow at 7.9% CAGR by 2032
Based on mode, online segment held the highest market share in 2023.
Tokio Marine expands climate strategy to cover 200 major emitters
They account for 90% of emissions.
India’s life insurance first-year premiums fall 11.6% in February
Meanwhile, number of policies and schemes for the month dipped by 22.22% YoY.
Allianz PNB Life strengthens cybersecurity with risk-based approach
The company prioritizes high-risk assets, regulatory compliance, and customer trust.
Experts warn insurers of growing vulnerability to token theft
Six in 10 businesses have shut down in the past three years due to ransomware.
65% of Hong Kong SMEs lack business interruption coverage
Rising property rental prices remained top concern for the second consecutive year.
MS Amlin’s FY 2024 underwriting profits rise 12% to $250m
Gross written premiums increased to $2.2b.
Business insolvencies to rise by 5% in 2025: Allianz Trade
Insurers must brace for high interest rates, which could strain heavily leveraged sectors.
Manulife unveils plans with up to 400% critical illness payouts
One of its plans covers 126 critical illnesses and conditions.
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1. Taboos, low confidence stall legacy planning across Asia 2. Remote job demand in Singapore insurance rises 15.3% 3. Tata AIA funds beat benchmarks with strong five-year returns 4. Will AI copilots replace legacy insurance systems by 2026? 5. Soaring insurance costs signal pressure on 2026 premiums in SingaporeResource Center
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AI isn’t replacing insurance, it’s finally making it work