Olivia Tirona
India’s life insurance sector bags 12% CAGR in past five years
India’s life insurance sector bags 12% CAGR in past five years
The life insurance penetration rate is at 3.8%.
Allianz Trade reels in new ASEAN commercial director
His role begins on 21 October.
India, Philippines pension systems lack adequacy: Mercer
A score below 35 would indicate serious deficiencies.
Vietnamese bank expands into non-life insurance sector
Other banks which made the same move are VietinBank, Agribank, and HDBank.
Why ageing Asians prefer critical illness coverage
Japan and India have the largest share of life insurance ownership.
Competition Commission of India clears central bank on acquisitions
The central bank proposed stakes in both life and general entities of Future Generali.
Insurers are increasing investments in generative AI by 300%
Half of CEOs view AI as an opportunity, whilst the other half see it as a risk.
Miller gets new chief operating officer
She brings over three decades of experience.
Mitsui Sumitomo Insurance, Coalition expand cyber insurance in Australia
Coalition has brought its Active Insurance model to over 1,400 policyholders.
Indian life sector’s new business premiums expected to rise in FY 2025
The industry could maintain a growth rate of 13% in the next 3-5 years.
Sompo welcomes new COO for APAC
She will be based in Singapore.
2024 Policy Address: Hong Kong aims to boost marine insurance offerings
HKIA is also pursuing opportunities with the China Export & Credit Insurance Corp.
Singapore amends insurance bill post-Allianz deal
Key concern raised by the MCCY is the terms and structure of the deal.
B2B2C insurance sees 9.6% annual growth forecast
The market generated $4.28b in 2022.
Insurers rank regulatory changes, geopolitics as top risks
APAC insurers anticipate high inflation and strong economic resilience.
APAC reinsurance market sees stable pricing in 2024
Although, extreme weather and NatCats could disrupt current pricing stability.
Asia’s business insolvencies to rise by 3% in 2024
If excluding China, it could rise by 8%.
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AI isn’t replacing insurance, it’s finally making it work