Staff Reporter
Singapore's general insurance market rises 15% to $7.04b in 2022
Singapore's general insurance market rises 15% to $7.04b in 2022
The strong uptake in the domestic market contributed to the growth.
1 in 5 pet life insurance plans only cover vet consultations
It does not include surgeries and hospitalisation expenses in the coverage.
Surer partners with Zurich to provide Marine Cargo product
The partnership provides quicker and easier access to marine cargo requirements.
India’s non-life insurance premiums jump 20% in February
The growth was attributed to the increase in health and motor segments.
S.Korea insurance industry to see 4.7% jump in GWP in 2027
This is due to a regulatory proposal to deregulate digital insurance innovations.
GIAJ lays down countermeasures vs. illegal home repairers
They disseminate information to areas affected by natural calamities.
95% of companies in India do not offer term life insurance to employees
Less than 5% of them provide comprehensive insurance and benefits.
GIA Singapore beefs up travel insurance fraud efforts
It will use Shift Technology's claims fraud detection system for the initiative.
Generali Asia grows net results by 2.3% in 2022
The insurer said it achieved its best operating result last year.
Ping An’s net profit drops to RMB83.8b in 2022
The insurer attributed the decline to the volatility of capital markets.
Prudential’s new business profit drops to US$2.18b in FY22
The insurer attributed the decline to higher interest rates and business mix effects.
How inclusive are life and health insurance markets in Asia?
Japan has the most inclusive L&H market in Asia.
India's first-year premiums drop 16.8% YoY in February
CareEdge Ratings attribute the decrease to the YoY decline in group premiums.
Allianz to operate global commercial insurance business under new model
It will serve the segment as one go-to-market business.
4 in 5 life insurance owners felt 'financially secure’
Four in 10 believed that financial concerns affect one’s mental health.
Gross premiums of HK general insurance soar 4.5% in FY2022
The industry earned $64.6b.
Mosaic Insurance opens new Singapore Office
The new office will expand the company’s transactional business across APAC
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AI isn’t replacing insurance, it’s finally making it work