Olivia Tirona
How customer centricity can aid the Philippines’ narrow insurance penetration
How customer centricity can aid the Philippines’ narrow insurance penetration
With less than 3% insurance penetration, insurance experts concur that low financial literacy has eroded potential.
Only half of APAC use cyber insurance – Moody’s
About 31% of respondents expressed their intention to acquire additional coverage in 2023.
Business insolvencies witness sharp climb – Allianz Trade
Global insolvency rates are expected to rise significantly by +6% in 2023.
Global insured losses in Q3 surpass the century’s annual average
Economic losses amounted to $295b in the nine months to September.
Blue Cross APAC underwriting performance to stay ‘subdued’: S&P Global Ratings
Its combined ratio will stay above 100% through 2025.
Insurance’s role in the transition to a low-carbon global economy
There are three measures insurers can keep in mind whilst moving toward a sustainable future.
China could face $4.6t in economic losses if extreme weather conditions persist in five years
Asia Pacific follows closely at $4.5t.
Etiqa shares how its small beginnings can create a name in the insurance industry
Customer centricity, modern capabilities, and humanising the insurance offerings can make a difference, says the CEO.
AXA XL boosts Singapore team
Her role as an underwriter will oversee the management of risks in political violence and terrorism.
Manulife IM re-recruits real estate exec
He will lead its third-party capital management activities in the region.
Most insurance companies use 18-year-old legacy systems, not enough to drive innovation: ZA Tech
Legacy systems often come with limitations that can hinder the development of new products and insurance channels.
Etiqa Philippines says rising costs may entail adjustments in premium pricing and risk management strategies
Although various influences linger, the country’s penetration rate must be put in focus.
Tariffs can limit insurers' ability to adjust prices, reinsurance rates ‘muted’: Gallagher Re
Inflationary pressures vary across the region, leaving most markets to face escalating reinsurance costs and stricter coverage term.
More out-of-hospital-care by private entities could boost Australians' savings – AMA
Potential savings could lead to reduced premiums, increased uptake of insurance, and ultimately cost savings.
APAC’s liability insurance sector to exceed $61b by 2027: GlobalData
Its growth will be underpinned by robust economic development in key markets and enhanced product offerings.
Fintech funding in SEA freefalls 74% in Q3
Rising interest rates, macroeconomic factors, and fear of reduced startup valuation caused this downfall.
Sun Life Philippines pushes for a purpose-driven agency force in the digital era
The insurer shared the sheer importance of having the right balance between customer and clientele.
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AI isn’t replacing insurance, it’s finally making it work