Staff Reporter
7 in 10 Hong Kong seniors are financially underprepared, AIA says
7 in 10 Hong Kong seniors are financially underprepared, AIA says
Nearly 60% have no clear savings plan.
Japan Post Insurance maintains strong capital: Moody’s
Profitability remains modest.
CTF Life Bermuda partners with WRISE to expand global reach
WRISE will distribute CTF Life Bermuda products.
Reinsurers in Singapore, South Asia report solid 2024 earnings: AM Best
However, competition is beginning to intensify as pricing momentum slows.
SME insurance market to grow 6.5% annually through 2032
It is also forecasted to bag $45.61b.
Corporate boards overconfident despite worsening cyber claims
Claims data showed that ransomware attacks averaged a loss of $2.7m.
Why Australians stay loyal to health insurers for 10 years on average
Nearly half of policyholders have never switched health insurers.
Tokio Marine leads initiative to boost Japan’s offshore wind
Japan aims to reach 30GW to 45GW of offshore wind capacity by 2040.
Marsh McLennan to rebrand as Marsh in 2026 with new tech unit
The firm’s four main businesses will adopt the Marsh brand beginning in 2027.
QBE Re appoints Cindy Foo as head of Asia treaty unit in Singapore
Foo has more than 20 years of experience in the reinsurance industry.
Commercial pension insurance market to hit $1.28t by 2029
Growth is driven by expanding gig and self-employed workforce.
Why insurers are trusted more than governments to manage future global risks
59% say their country is fragmented.
IRDAI issues new 2025 framework to tighten fraud monitoring rules
Insurers must implement a board-approved Anti-Fraud Policy.
Insurers plan for leaner 2026 as pricing momentum eases
The property and casualty segment is expected to see a moderation in growth.
Insurers strengthen cyber governance as oversight shifts to CEOs
About 40% said CEO compensation is now tied to cybersecurity performance.
Markel names Tom Hillier as CUO for international operations
Roles of Wholesale and National Markets managing directors will be removed.
Chubb Life NZ names James Dunbar as South Island partnership lead
He joined the company in September.
Commentary
AI isn’t replacing insurance, it’s finally making it work