Staff Reporter
This week in insurance: Prudential’s new CEOs, PH push for private riders benefits, India lacks coverage awareness
This week in insurance: Prudential’s new CEOs, PH push for private riders benefits, India lacks coverage awareness
In India, only a third of policyholders are aware of the coverage details of their health insurance plans.
Prudential appoints Naveen Tahilyani and Rajeev Mittal to key leadership roles
Both will carry the title CEO.
China insurance assets rise 13.9% to $5.03t in Q4 2024
Property and casualty insurers recorded $406b in assets.
Howden reports 33% surge in demand for political risk insurance
Trade credit insurance has also recorded annual profits over the past decade.
HDI Global’s Q1 2025 earnings jump 35.6% YoY
Performance was also driven by business growth and inflation-related adjustments.
Taiwan insurers post $30.7b in Q1 pre-tax profit for 2025
Both life and non-life insurance markets recorded YoY contractions.
Tower to maintain strong capital levels despite recent payouts
AM Best expects Tower’s adequate operating performance to continue.
P&C insurers stuck with costly legacy tech, McKinsey warns
Legacy platforms are driving up IT costs and limiting operational agility.
Ping An P&C settles 10,400 claims after Beijing hailstorm
The storm produced hailstones larger than 3 cm in diameter.
Philippine insurance penetration rises to 1.89% in Q1 2025
Insurance density also grew by 13.40% YoY.
Property and casualty insurtechs raise $1.13b in Q1 2025
Since 2012, over $60b has been invested in insurtech companies.
Sun Life debuts IUL product in HK to target wealthy investors
The new product links its indexed account value to the performance of a chosen index.
Tokio Marine’s FY 2025 records earnings jump of 57% YoY
Ordinary income grew by $7.01b.
MS Amlin’s net premiums rise $300m on business growth in FY 2024
Reporting under UK GAAP, MS Amlin posted an underwriting profit of $288m.
Non-life ILS market hits $49.1b in cat bond capacity by April: Gallagher Re
Non-life ILS capacity has increased nearly 480% since 2010.
Philippines’ non-life sector gains from reinsurance capacity: AM Best
Additionally, insurers are expected to benefit from improved investment income.
Hong Kong’s insurance market to hit $127b by 2032
The city’s insurance penetration remains amongst the highest globally.
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