Staff Reporter
WTW launches AI tool radar vision for insurers
WTW launches AI tool radar vision for insurers
It aims to improve underwriting profitability and reduce costs.
Allianz APAC posts 15% YoY jump in business volume for FY 2024
Taiwan recorded the largest NBV expansion with a 68% increase.
Crisis claims rise in APAC, says Willis report
21% of emergency repatriation incidents were due to political unrest last year.
Zurich Insurance Hong Kong bags double APE growth
The company’s customer net promoter score rose 15% YoY.
Navigating risk strategies for decommissioning traditional power plants
As the energy sector continues its evolution, operators must proactively approach risk mitigation strategies.
Australia's insurance sectors report revenue growth in Q3 2024
Both the life and general insurance market’s earnings climbed QoQ.
Allianz reports 16.7% increase in net income for FY 2024
It’s life and health segment saw the largest YoY increase of 14.7%.
Ping An Insurance partners with UK firm for advanced flood risk management
The agreement marks JBA’s first partnership in China.
CFC expands in Australia, rebrands Solution Underwriting
It plans to further extend into management liability, technology, media, and IP.
Zurich announces leadership changes for APAC business
A new Chief Underwriting Officer and head of Technical Underwriting were named.
Insurers need data-based models amidst trillion-dollar solar storm scenario
Greater China is forecasted to record $429b whilst Asia-Pacific at $375.
5% face over 30% health premium hike in India
Half see an annual increase of less than 10% and continue renewing their policies.
Hyundai India partners with Magma for motor insurance
It will be offered across 600+ dealerships across the country.
Chubb buys Liberty Mutual’s P&C businesses in Thailand, Vietnam
Terms of the deal were not disclosed.
Allianz Commercial names new lead for Alternative Risk Transfer
Ficarra joins from Allianz Commercial London.
Australian health premiums set to rise by 3.73% in April
The premium changes take effect on 1 April.
Asuransi Allianz Life’s profitability to remain supported by parent: Fitch
The insurer’s profitability improved significantly in 2024.
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AI isn’t replacing insurance, it’s finally making it work