News
VSS, World Bank target wider social insurance coverage in Vietnam
VSS, World Bank target wider social insurance coverage in Vietnam
The world organisation hopes to aid Vietnam’s goal of a 60% coverage target by 2030.
Taiwan's life insurers see 22% rise in foreign policy premiums
Traditional insurance products accounted for 85% of the total.
Philippine gov’t insurer sees net income surge of 21% YoY in 2024.
It disbursed $3.06b (₱179.92b) in claims and benefits last year.
HKIA supports budget initiatives for insurance sector
Yiu highlighted the extension of the Pilot Insurance-linked Securities Grant Scheme.
Rising litigation costs pressure casualty reinsurers on reserves
Social inflation remains a key driver of casualty loss trends, an analyst said.
QBE Asia names CEO for new role
He is currently CEO of QBE Singapore.
Critical illness insurance market to hit $295b by 2032
The region is likely to see significant expansion, driven by population growth.
Airline insurance market to stay soft in early 2025: WTW
Excess capacity drove rates downward throughout the year despite efforts to tame this.
Digit Insurance launches AQI-based policy for Delhi workers
Claims are triggered if the Air Quality Index surpasses 400 more than twice.
Markel appoints new marine hull and war lead in Singapore
He joins the company after nearly two decades with MS First Capital Insurance.
What challenges Asian women's financial readiness?
Healthcare costs are a significant barrier to financial security.
How financially prepared are Gen Alpha parents in Hong Kong?
Only 33% have concrete financial plans, whilst 18% have not started planning at all.
Pension assets hit $58.5t, up 4.9% in 2024
Australia eyes second-largest pension market spot by 2030.
Travel insurance woes rise amongst New Zealanders amidst global tensions
Prompting 73% of individuals to take out insurance.
Asei battles weak underwriting, high reserves in 2024: Fitch Ratings
Underwriting performance deteriorated, with combined ratio surging to 187% in ‘24.
Thai insurers tighten underwriting for flood-prone areas
Political uncertainty is also limiting near-term growth.
Great Eastern reduces stake in Boost Holdings
This was a result of an increase in BHSB's issued and paid-up share capital.
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