Staff Reporter
SBI Life Insurance 9M 2024 profit catapults 48% YoY
SBI Life Insurance 9M 2024 profit catapults 48% YoY
Annualised premium equivalent also jumped by 11% YoY.
HSBC Life records 19.5% share in industry premiums for 9M 2024
The CEO attributed the growth to its HNW business.
FWD HK, Bank SinoPac ink deal on bancassurance for HNW market
The partnership aims to enhance wealth growth and legacy planning.
APAC home insurance market to hit $82.4b by 2032
Globally, home insurance is seen to reach a CAGR of 7.3%.
MSIG Asia targets 15% CAGR in profit growth
The insurer also signalled that Asia-Pacific has the most growth potential.
ANZ firms boost cybersecurity budgets despite layoffs
Cost pressures have led 25% of organisations to reduce IT and security staff.
IRDAI reforms focus on modernising insurance oversight
The Regulatory Sandbox framework has also been updated.
Hong Kong insurance premiums surge 12.2% in 9M 2024
The period already shows signs of a rebound from the 1.1% fall in 2023.
Renewals in Vietnamese reinsurance varied: Gallagher Re
The market continued to depend on proportional treaties for capacity.
Crawford & Company appoints new loss director for Malaysia
His expertise spans handling losses valued between RM20m and RM100m.
India's life insurance annual premium equivalent drops 2.3% in December
This was in contrast to the 13.6% YoY increase in December the previous year.
Australia’s life insurers top global data readiness
Worldwide, data readiness was the primary obstacle to maximising AI.
Chartered Insurance, Metis renew partnership to advance HK professionals
In 2024, Metis sponsored the Certified Insurance Professionals Induction Course.
Markel names new Casualty Claims manager for Australia
He was with Chubb for more than 12 years.
Sunshine Life's bancassurance channel fuels profitability
Fitch anticipates the group will continue to prioritise equity investments.
Reinsurers focus on cybersecurity, pandemic risks
Roland Berger said reinsurers must continuously refine pricing, underwriting, and claims.
IAG secures reinsurance for 2025 natural disasters
The programme offers coverage for two catastrophic events up to $6.2b.
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