News
Insurance customers are cautious about AI’s decision-making role
Insurance customers are cautious about AI’s decision-making role
Although, 7 in 10 consumers think AI can significantly reduce waiting times.
Asia-Pacific leads universal life market with 29.7% CAGR
Globally, it is seen to reach $280b by 2032.
This week in insurance: HKIA introduces caps, MS&AD merges two subsidiaries, Prudential names new regional CEO
Taiwan’s life insurance sector is set to remain volatile in 2025 due to shifting surplus components.
Novidea appoints new APAC and MENA sales chief
He will also continue as Co-CEO of Docomotion.
FWD launches Set for Life Plus amidst career uncertainty
More Filipinos are delaying traditional life choices such as marriage and parenthood.
Prudential reels in new CEO for Malaysia, Indonesia, Vietnam
Solmaz Altin also resigned.
Insurers seek diversification with private market assets
Whilst inflation has eased, interest rates remain elevated.
Chubb launches new casualty, cyber coverage for life science firms in APAC
Businesses will have access to multiple insurance lines through a single package.
Prudential debuts wellness support for children
The platform was introduced alongside Prudential Entrust Multi-Currency Plan.
MS&AD to merge Mitsui Sumitomo, Aioi Nissay Dowa by April 2027
The merged entity could equate to the Japanese insurer holding the top market share.
Peak Re obtains reinsurance branch license to operate in India’s GIFT IFSC
The approval allows Peak Re to conduct both property and casualty (P&C).
ICA calls for reforms as motor insurance premiums hit A$1,052 in 2024
Car repair bills now making up 60% of claim costs.
Malaysia’s takaful industry poised for growth amidst regulatory reforms
New entry requirements for digital insurers and takaful operators aim to improve viability.
Fortitude Re completes $4b reinsurance deal with Taiyo Life Insurance
The deal transfers a part of Taiyo Life’s whole life annuity business to Fortitude.
Taiwan life insurers face rising health insurance losses, report warns
Although, interest surplus remains the primary driver of profitability.
GIAJ approves guidelines to enhance insurance agent business quality
Education and examination system for agents and solicitors will also be improved.
Thai council urges OIC to review new co-payment health insurance rule
The rule requires policyholders to pay up to 50% of medical expenses.
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Speakers from Kasikornbank, KPMG Thailand, Systemweb Technology, and Simon-Kucher will share their insights on the industry’s latest trends and challenges.
Commentary
For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness