News
Renewable energy insurance to bag $28b by 2034
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.
Manulife Asia’s Q1 net income surges 57% YoY to $435m
Globally, its Q1 2025 earnings contracted by 47% YoY.
Bowtie debuts first term critical illness plan for children, pregnant women
Bowtie’s new plan is a term-based product with no savings component.
Allianz Partners launches cruise insurance with cruise line as bookings rise
Cruising now accounts for 10% of all travel amongst Australians.
Chubb Life Hong Kong offers digital plan with life and accidental death cover
The product does not require a health examination or financial background check.
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Jul
07
Event News
CEO Phlaphongphanich said the industry is measuring the wrong things.
