Staff Reporter
Construction Guarantee faces profit pressure amidst prolonged construction downturn
Construction Guarantee faces profit pressure amidst prolonged construction downturn
A notable rise in guarantee claims payments and reserves is expected to keep claims levels elevated.
Miller names new chief information officer
He has over 30 years of experience in IT.
Pru Life UK introduces Philippines' first Takaful insurance
It collaborated with Takaful-experienced affiliates in Malaysia and Indonesia.
Great Eastern’s 9M 2024 earnings jump 39% YoY
Total weighted new sales and new business embedded value rose 19% YoY.\
Prudential’s APE sales up 7% to $5b for 9M 2024
Bancassurance sales were up 21% year-to-date.
FWD Group's new business value rises 6% to $623m in 9M 2024
New business sales rose to $1.4b.
Generative AI slashes P&C claim times by 50% – Bain & Co.
It could also decrease loss-adjusting costs by 20% to 25%.
Six in 10 in HK without critical illness insurance
Yet, only 67% would take concrete actions.
Aon Underwriting Managers names new chief officer
His career includes 12 years with Liberty Specialty Markets.
AIA Singapore, Whitecoat expand partnership to address healthcare affordability
Medical costs in Singapore are set to rise nearly 10.7% in 2024.
China Pacific Insurance’s conservative pivot strengthens earnings: S&P
It has reduced its high-risk asset holdings from 48% to 24% of its investment portfolio.
Only 56% of S’pore graduates see insurance as appealing career choice
Seven in 10 said there was limited career growth in the industry.
Humans need to be in insurance’s genAI loop
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Tysers appoints new leaders to enhance APAC operations
Both are based in Singapore.
Tokio Marine Kiln appoints new marine leader for APAC
Ampatzis joins TMK from Starr Insurance.
Foreigners in India buying insurance climbs 50%
Female policyholders have also increased from 4% to 11% over two fiscal years.
AlipayHK partners with YAS for real-time travel coverage
The embedded accident insurance is underwritten by Generali Hong Kong.
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1. Chubb names ex-AIG exec to lead commercial P&C in APAC 2. How 56% of insurers plan to boost data analytics use 3. Prudential raises over $530m from ICICI Prudential AMC sale 4. Universal life insurance market to reach $132.3b by 2033 5. Cost and low awareness limit health and life insurance uptakeResource Center
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AI isn’t replacing insurance, it’s finally making it work