Olivia Tirona
India’s general insurance sector slated to expand 11.2% in 2024
India’s general insurance sector slated to expand 11.2% in 2024
Motor insurance is anticipated to account for 31.1% of GWP.
Sri Lanka to tighten capital requirements for insurers
The sector heavily relies on investment income, which challenges profitability.
CrowdStrike meltdown may shore up cyber insurance premiums
Insurers are refining their policies after the global tech outage to better manage risks.
The fourth attempt to sell MG Insurance falls through
KDIC is now looking into private contracts for MG Insurance sale.
Leading Group eyes Chinese market expansion post-merger
The proposed transaction values Leading Group at approximately $430m.
Hanwha General should bolster its digital non-life subsidiary
HGI reported a consolidated ROE of 6.5% in 2023.
Only 33% of Macau insurances cover Chinese medicine
Over half identified high medical costs as a barrier to medical freedom.
Meiji Yasuda to keep premiums modest in FY 2024 with 1.5% YoY rise
Despite the challenges, Meiji Yasuda's credit quality remains robust.
Cyber insurance market set to reach $121b by 2032
APAC is expected to experience significant growth due to rising ransom attacks.
Emerging markets in Asia propel health reinsurance growth
In smaller SEA markets, reinsurers continue to support the growth of health insurance.
Meiji Yasuda buys Allstate's American Heritage for $2b
The deal is expected to close by the second quarter of 2025.
Samsung Fire & Marine earnings see 8.2% rise YoY in H1 2024
Its customer base inched up 0.77%.
Heightened geopolitical risks in Asia and the Middle East keep global firms on edge
Businesses are turning to credit insurance to navigate risks and safeguard their financial stability.
Etiqa named official fire insurer for HDB flats
Insurance premiums range from US$0.84 to US$5.07.
Over 3 million Australians lack adequate insurance coverage
Nearly 90% believe it is crucial to access financial support through their life.
China enhances online property insurance regulations
It will also restrict companies expanding to other services online.
De-risking drives reinsurance market stability
Current claims activity is increasingly influenced by medium-sized events.
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