Staff Reporter
Magma General expands motor insurance reach via Toyota Tsusho tie-up
Magma General expands motor insurance reach via Toyota Tsusho tie-up
TTIBI will distribute Magma’s motor insurance products through its network of 150 dealers.
Integrated Shield Plans coverage expands to 2.98m Singaporean residents in Q1 2025
This marks an increase of 44,000 more residents.
Hong Kong travellers boost insurance uptake on personal safety concerns
Notably, the fear of losing travel documents is higher.
Singlife launches investment-linked plan with flexible premium options
Premium payments can be made via a lump-sum or over three, five, or 10 years.
87% of Singaporeans eye travel insurance purchase this year
Travellers said they want to be covered against scams or theft.
Zurich Insurance calls for stronger public-private coordination on climate risks
Extreme weather events caused ~$2t in economic losses over the past decade.
Why 9 in 10 Japanese want to purchase travel insurance this year
More than half will access travel insurance through credit card benefits.
Singapore life insurance industry sees 10.9% growth in Q1 2025 premiums
The growth was led by the double-digit increase in annual premium policies.
Q1 2025 natural disasters cost APAC billions, insurance coverage limited
In Q1 2025, South Korea and Japan faced significant wildfire activity.
Rising dental costs prompt Australians to reconsider extras health insurance
24% of Australians would spend more on dental care if they could afford it.
Ping An Insurance included in S&P Global’s 2025 sustainability list
It remains the only insurance company from China to be included.
Zurich appoints new heads for Property and Financial Lines in Singapore unit
Both have leadership experiences.
What’s stopping Indians from buying travel insurance this year?
Security and peace of mind remain key motivators for insurance uptake.
60% of Australians feel financially secure, but 23% still underinsured
23% of life insurance holders said they did not believe their cover was sufficient.
Global pet insurance market set to reach $68.91b by 2032
This equates to a CAGR of 18.13%.
How much will Japan's insurance market grow in eight years?
Demographic shifts are driving structural changes in product demand.
Insurance industry faces limited payouts amidst 2024 economic losses
Storm frequency resulted in approximately 1,200 fatalities.
Commentary
How can insurers close protection gaps through customer-focused innovation?
AI isn’t replacing insurance, it’s finally making it work