Olivia Tirona
Fubon Life first-year premiums surge 80.6% YoY in January
Fubon Life first-year premiums surge 80.6% YoY in January
Direct written premium hit a record high of NT$7b, driven by commercial lines’ double-digit growth.
S’pore Reinsurers’ Association becomes founding member of global advisory council
The council aims to increase efficiencies and digital readiness among stakeholders.
NDIS establishes task force for improved registration system
Risk-proportionate regulatory model and a new provider risk framework are initiatives in mind.
S. Korea’s FSC proposes corporate governance revision for financial firms
The revisions include the adoption of responsibilities maps and management of internal control duties by executive officers.
India’s non-life sector driven by health, motor in January
Geopolitical tensions and elevated inflation could affect the sector in the medium term.
Motor insurance segment in S. Korea to exceed $19b by 2028: GlobalData
Healthy loss ratio driven by lower claims will assist insurers in re-assessing their risk exposure.
KoverNow to incentivise policies, 15 Max Miles for every SGD spent
The insurtech partnered with Max Miles to reward purchases of travel and items coverage.
Actuaries Institute urges policy shift to address retirement challenges
About 16 million Australians are facing challenges when it comes to retirement.
S’pore’s life industry dips 3.9% YoY in weighted new business premiums 2023
Fourth quarter 2023 saw an increase in the uptake of both annual and single-premium products.
WTW, Solomon Agency partner to provide insurance solutions in South Korea and Vietnam
It plans to offer risk transfer services to clients in South Korea, Vietnam, and other parts of APAC.
Gallagher India reveals new CEO
She held various positions in Gallagher since 2019.
Total claims payout from Noto quake at JPY20.5B
Accepted claims for the incident was tallied at 76,497.
Swiss Re targets $3.6b 2024 earnings after robust 2023 performance
Its P&C business leads with $1.9b.
Singaporeans struggle with critical illness coverage despite reduction in protection gap
AIA SG’s chief marketing and proposition officer expects insurers to keep up with consumer demands better in 2024.
India’s life sector relaxes in January, YTD
Private insurers maintained growth but at a slower pace compared to last year.
Property insurance in China could reach $41b in 2024
The industry saw a higher demand for property insurance driven by NatCat events in 2023.
Insurtech funding landslides in 2023 to $4.5b
P&C and L&H both saw double-digit contractions.
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AI isn’t replacing insurance, it’s finally making it work