News
Zurich, ShopeePay launch Shariah-compliant travel takaful plan
Zurich, ShopeePay launch Shariah-compliant travel takaful plan
The takaful plan provides up to RM300,000.
Shriram General Insurance sees 13% profit growth in FY 2025
For the full year, policy issuance rose 3%.
Japan’s long-term care insurers face pressure from staff shortage
55.2% of home care operators reported a year-on-year revenue decline.
Sun Life Financial posts $1.1b in Q1 2025 underlying net income
The quarter’s performance was also driven by Asia’s performance.
Renewable energy insurance to bag $28b by 2034
This reflects a compound annual growth rate (CAGR) of 4.22%.
Taiwan insurers expand FX reserves after dollar appreciation: AM Best
70% of Taiwanese life insurers’ portfolios were allocated to foreign investments.
China’s capital charge cut to spur insurers’ equity investment
State Council Information Office announced a 10% reduction in the capital charge.
Global Asia Insurance Partnership appoints Cheng as CEO
She has over 20 years of experience in the sector.
New Zealand insurance market to hit $9.6b GWP by 2029
The market is forecast to expand by 10.3% this year.
Grandtag opens larger Singapore office to support regional growth
The broker’s new office is estimated to be 40% bigger than the previous location.
Tokio Marine aids ADB lending by joining $2.75b credit programme
ADB intends to quadruple private sector investment, financing by 2030.
Zurich’s APAC segment sees P&C climb 6% in Q1 2025
Globally, life business also posted significant gains.
This week in insurance: HK’s first children’s CI coverage, Singapore hobbyists covered, Mental health claims rise in India
Markel Insurance also unveiled a Clinical Trials insurance product.
Prudential, Foshan Fosun Chancheng to enhance medical services coverage
Eligible customers will have easy access to the ‘Medical Expenses Direct Billing Service’.
S&P flags distribution risk for Helia after CBA contract loss
Although Helia is expected to retain approximately 21% GWP.
bolttech forms JV with Sumitomo on device protection in Asia
They expect the device protection market in the region to outpace global growth.
Australia drives insurance reviews with $20m fines on compliance breaches
Recent court rulings also indicate a trend toward non-indemnification.
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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