Olivia Tirona
FWD Philippines, Moneymax partner for insurance access
FWD Philippines, Moneymax partner for insurance access
The platform will include FWD’s offerings for critical illness, accidental death, and lifetime protection.
Markel expands into Australia with specialised coverages
The new professional indemnity products cover six professional areas.
Singapore’s insurance agent numbers wane, appeals fewer since 2015
Around 90% of these agents were Singapore citizens.
South Korea eyes more investments in trade insurance
South Korea's exports have shown strong performance since the beginning of 2024.
Singlife Philippines secures $10.7m for digital expansion
The capital injection will be used for platform enhancement, product innovation, and partnerships.
Reinsurers adopt risk-on strategy, boost capacity – Gallagher Re
Japanese catastrophe excess of loss programs showed consistent quoting.
Tokio Marine sets up desk in New York
The desk is dedicated for investors and shareholders.
Insurers brace for record Baltimore bridge claims
The Singapore-flagged container ship Dali was initially bound for Sri Lanka.
Insurers to use 40% AI with synthetic data by 2027
18% of businesses are using synthetic data to comply with privacy regulations and enable secure data exchange.
Singlife and iAPPS Health launch exclusive group plan
The plan is open for individuals aged 18 to 70 years old.
GIC finishes acquisition of majority share in Miller
GIC bought the entire share of Cinven in Miller.
Taiwan's insurance sector profits reach $1.8b
Life insurance accounts for 94.4% of the total.
Hanoi Re faces elevated expense ratio challenges – AM Best
As one of the two domestic reinsurers in Vietnam, Hanoi Re has a moderate underwriting risk.
Malaysia's insurance industry grows 7.8% in 2023
On the other hand, underwriting profit contracted by 26%.
Transactional insurance hits $49b in ‘challenging year’ – Marsh
Marsh said that it experienced its third-busiest year on record.
Asia's protection gap leaves $59b uncovered – Aon
Losses from natural disasters left the region 48% lower than the 21st century average.
Generative AI to boost the insurance sector by $50b
Investing in generative AI could boost revenues by 20% and minimise costs by 15%.
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AI isn’t replacing insurance, it’s finally making it work