Staff Reporter

End-2024, Hong Kong’s MCV insurance market reached HK$62.5b (US$8b).

Globally, the market was valued at $12.5b in 2021.

In 2025, the market is expected to reach $68b.

42% of insurers have yet to develop a formal strategy for deploying AI agents.

He has over two decades of experience in the industry.

But the total global economic losses stood at $151b, lowest since H1 2021.

India contributed only 3% of fiscal year 2024.

It offers up to S$10,000 protection for heart attacks and strokes.

Leading voices from Google, HSBC Life, and GXS Bank will come together on 25 September to discuss critical issues shaping the banking and insurance industries.

For the first half of 2025, net income for the period was $2.6b.

The market is expected to bag $70b.

AI is expected to handle nearly all customer onboarding and policy processes.

Decline of extended family systems are increasing demand for burial insurance.

Profitability is stable, with 2024 earnings driven by investment income.

The new entity will leverage Allianz’s existing operations in India.

Operating performance is projected to remain solid.