Staff Reporter
Record-breaking Nat Cat causes $108b insured losses in 2023, says Swiss Re
Over the past 30 years, insured losses from Nat Cat have outpaced global economic growth
HDI Global SE’s insurance revenue soars 10% YoY in FY'23
Its Singapore business expanded its product offering through political and credit risk market entry.
Allianz General and ProppyApp ink MoU to expand insurance access
Users will gain access to a range of insurance products via their mobile application.
Moody's projects stability for Guoyuan Agricultural Insurance
Despite exposure to high catastrophe risks, the insurer’s stable outlook is backed by its robust market presence and risk-based capitalisation.
Chinese insurers under strain as investment returns face double whammy
Fitch notes that insurers have not significantly increased their exposure to riskier assets since regulatory measures in 2022.
Allianz Trade names new regional head of e-commerce in APAC
James Lie first joined Allianz Trade as country manager for Indonesia in 2018.
4 out of 5 HK employees weigh health support in job decisions
Flexible work arrangements topped the list of preferred initiatives to foster health and wellbeing.
Tokio Marine launches novel earthquake cat bond with SDB
This is the first time proceeds will be used to boost SDG goals through an SDB.
DB Insurance to keep competitive spot in Korea’s market – S&P Global
DBI's assessment could be dragged if its consolidated capital position deteriorates significantly.
6 of 10 Thais are confident in sharing data for personalised coverage
Key factors like value for money, affordable premiums, and brand trust remain significant influences on insurance purchasing decisions.
Pet insurance market to surge 31% in CAGR by 2027
The dog segment is anticipated to witness significant growth.
Lifenet, Eisai develops dementia insurance coverage
The plan includes coverage from the mild cognitive impairment stage of dementia.
Tokio Marine beefs up APAC property underwriter team
Jonathan Grossman and Si Min Lim have been chosen in their new roles.
Zurich integrates Blink Parametric in flight-delay solutions
Blink Parametric provides real-time assistance during flight disruptions.
Why Singapore leads in regional business stability
FM Global attributed the high rank to its commitment to infrastructure development and resilience-building measures.
Prudential enables online nominations through Sign with Singpass
The online service employs Sign with Singpass to generate Secure Electronic Signatures.
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AI isn’t replacing insurance, it’s finally making it work