Olivia Tirona
Prudential unveils $2b share buyback plan
Prudential unveils $2b share buyback plan
It expects its 2024 annual dividend to grow in the range of 7% to 9%.
Why global cyber insurance market will remain stable in the next 12 months
Geopolitics and AI are ongoing risks that could potentially impact profitability.
HKIA warns against unlicensed insurance sales to MCVs
New office premiums for life insurance bought by MCVs reached HK15.6b.
Marsh lists 4 ways to gain an advantage in growing EV market
The EV insurance market is forecasted to expand to $687.62b by 2029.
Innovative partnerships propel FWD’s health insurance growth in APAC
FWD’s new health unit, HealthyMe, aims to meet the region's growing healthcare demands amidst rising incomes.
ICA welcomes NSW budget, aims for insurance affordability
NatCat events in the past two years caused $2.64b (AU$4b).
China's insurance assets surge to $32t
The industry represents only 7% of China's total financial assets.
New IRDAI rules enhance grievance redressal
It also aims for a “zero grievances” status.
MS First Capital elects new CEO after the passing of former
Ramaswamy Athappan passed away last month.
ICA proposes updates to insurance code
The code was first introduced in 1994.
Vietnam and the IMF discuss social insurance expansion
Topics included enhancing pension policies amidst changes to the Law on Social Insurance.
Australian insurer warns of anxiety levels caused by extreme weather
Over half of individuals said they turn to family for mental health support.
Prudential Hong Kong opens multipurpose space
It also expanded its academy to this 53,600 sqft office.
Vietnam stresses efficient health insurance management
General Director Nguyen pushes for strengthening the system for statistics, synthesis, and evaluation.
Vehicle damage leads $356m hailstorm claims in Hyogo
Total claims paid reached 119,238.
Australian insurance sector combats inflation with premium hikes
Its life insurance premiums are seen to grow ~3% in 2024 and 2025 modestly.
APAC to lead global EV insurance market in the next five years
The global EV insurance market is seen to skyrocket by 40.3% in CAGR.
Commentary
How can insurers close protection gaps through customer-focused innovation?
AI isn’t replacing insurance, it’s finally making it work