Staff Reporter
Fitch sees weak car sales weighing on Indonesia insurers, NBFIs
Fitch sees weak car sales weighing on Indonesia insurers, NBFIs
Fitch expects modest premium growth through 2026.
Home insurers grow as premiums top $6.3t
Insured losses from natural disasters are expected to reach $140b to $150b in 2025.
Australia posts $1.3b in insured losses from major disasters
The report also pushes for the proposed $19.8b Flood Defence Fund.
PDIC issues draft rules to clarify denied claims appeals
Key changes include wider coverage of cases.
Australia insurers sustain profits on higher premiums, stable claims
Health insurers are likely to see moderate profitability.
Igloo expands climate insurance across Southeast Asia
It also plans to expand in Indonesia.
Why are businesses willing to pay more for insurance with AI protection?
Demand is strongest amongst the technology and financial sectors.
Oona Insurance introduces flexible coverage for Filipinos abroad
Oona members have cashless access to over 650 hospitals and clinics nationwide.
LIC partners with RBL Bank to expand bancassurance reach
This will enable RBL Bank customers to access LIC’s life insurance products.
Zurich Insurance Group outlook steady: AM Best
AM Best also expects Zurich’s financial leverage to remain stable.
Employer’s liability insurance market slated for $45b by 2029
Rising litigation costs for employers have also contributed to the demand.
Reinsurance market softens after post-2021 hard cycle peak
The report noted that the industry is currently oversupplied with capital.
Cambodia’s insurance market lifts sum insured to $9.07b in July
Gross premiums dropped by 4.42%.
Dai-ichi Life Holdings’ balance sheet “very strong”: AM Best
It is said to have a strong operating performance and appropriate risk management.
DB Insurance’s Fortegra deal won’t affect balance sheet
The acquisition is expected to deliver profit contributions worth over 20% of overseas premiums.
Aon names Anshuman Srivastava as reinsurance global chief broking officer
He is tasked with continuing to work with reinsurers to deliver Aon’s products.
Hong Kong IA flags poor calibration in insurers’ recommendation engines
The IA also advised insurers to base rule settings on historical case data.
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AI isn’t replacing insurance, it’s finally making it work