Insurance Asia

HKIA takes action against ethical breach by agent
This is the 7th case the HKIA reprimanded an insurance practitioner.
Asia bears $17b of Q1 natural disaster economic loss
Less than half of the global economic losses were insured during Q1’24.
Liberty Mutual bolsters capabilities to expand in APAC
Liberty Specialty Markets and Asia Retail Markets will merge.
S. Korea sees 189 large liability claims in a decade
It was an average of 19 claims per year and a loss amount of KRW3.2b per claim.
Philippines’ IC teams with IBP on free legal aid for claims
Last year the commission addressed 5,417 informal complaints.
Allianz Partners collaborates with MoneyHero for travel insurance
The policy is underwritten by Tokio Marine Insurance Singapore.
India’s non-life premiums see double-digit growth in FY’24
The industry is projected to grow 13% to 15% in the medium term.
AllianzGI expands footprint in China
The company received approval for its FMC business back in August 2023.
How insurance companies can embrace sustainability
A Sustainable Insurance Roadmap was made to guide companies on how they can incorporate sustainability into their strategies.
Korean Re notes potential growth of pet insurance amid low uptake
Whilst there is a growing demand for pet insurance in Korea, only 11.9% of households with pets availed of insurance.
Outlooks of six Chinese insurers pressured by sovereign risks
On the contrary, one insurer should experience a stable outlook.
AXA Mandiri’s Shariah insurance fosters mutual assistance amongst participants
Risks are shared and covered collectively by all Participants (Takaful) to mutually help one another.
Ping An Life to see 15% YoY NBV growth in Q1’24 – Nomura
A catalyst could be the low base effect in the first two months of COVID restrictions.
Low investment risk seen for ClearView after asset sale
The Australian insurer sold its investment in Centerpoint Alliance in November 2023.
Howden warns against over-reliance on cyber insurance
The insurance broker listed three AI threats haunting organisations.

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Exclusives

Exclusives

Insurance Natural disasters steer Asia Pacific towards parametric insurance
Swiss Re gives importance to parametric insurance amidst challenges like basis risk and modelling complexities.
Insurance AXA Mandiri’s Shariah insurance fosters mutual assistance amongst participants
Risks are shared and covered collectively by all Participants (Takaful) to mutually help one another.
Insurance InterContinental Singapore is saving insurance for a rainy day
NUS Professor Charoenwong discusses the effectiveness and value of a Singaporean hotel’s rain insurance offer.
BRI Life relies on bancassurance channels amidst increasing demand for insurance
As of November 2023, the bancassurance channel contributed 81% of BRI Life’s total premium revenue.
Insurance How women in power are the key to business success
Industry experts share their thoughts on how women in business can be the ultimate growth driver.
Insurance Hong Kong’s women in insurance rising in a male-dominated business sector
Hong Kong’s female insurance executives show how they take on leadership roles.
Insurance Strong women in insurance speak on gender bias
Leading women in Singapore’s insurance industry highlight the role of support networks and mentorship in advancing women’s careers in male-dominated sectors.

Top News

HKIA takes action against ethical breach by agent
This is the 7th case the HKIA reprimanded an insurance practitioner.
Asia bears $17b of Q1 natural disaster economic loss
Less than half of the global economic losses were insured during Q1’24.
Liberty Mutual bolsters capabilities to expand in APAC
Liberty Specialty Markets and Asia Retail Markets will merge.
S. Korea sees 189 large liability claims in a decade
It was an average of 19 claims per year and a loss amount of KRW3.2b per claim.
Philippines’ IC teams with IBP on free legal aid for claims
Last year the commission addressed 5,417 informal complaints.
Allianz Partners collaborates with MoneyHero for travel insurance
The policy is underwritten by Tokio Marine Insurance Singapore.
India’s non-life premiums see double-digit growth in FY’24
The industry is projected to grow 13% to 15% in the medium term.
AllianzGI expands footprint in China
The company received approval for its FMC business back in August 2023.
How insurance companies can embrace sustainability
A Sustainable Insurance Roadmap was made to guide companies on how they can incorporate sustainability into their strategies.
Korean Re notes potential growth of pet insurance amid low uptake
Whilst there is a growing demand for pet insurance in Korea, only 11.9% of households with pets availed of insurance.
Outlooks of six Chinese insurers pressured by sovereign risks
On the contrary, one insurer should experience a stable outlook.
AXA Mandiri’s Shariah insurance fosters mutual assistance amongst participants
Risks are shared and covered collectively by all Participants (Takaful) to mutually help one another.
Ping An Life to see 15% YoY NBV growth in Q1’24 – Nomura
A catalyst could be the low base effect in the first two months of COVID restrictions.
Low investment risk seen for ClearView after asset sale
The Australian insurer sold its investment in Centerpoint Alliance in November 2023.
Howden warns against over-reliance on cyber insurance
The insurance broker listed three AI threats haunting organisations.

Exclusives

Insurance Natural disasters steer Asia Pacific towards parametric insurance
Swiss Re gives importance to parametric insurance amidst challenges like basis risk and modelling complexities.
Insurance AXA Mandiri’s Shariah insurance fosters mutual assistance amongst participants
Risks are shared and covered collectively by all Participants (Takaful) to mutually help one another.
Insurance InterContinental Singapore is saving insurance for a rainy day
NUS Professor Charoenwong discusses the effectiveness and value of a Singaporean hotel’s rain insurance offer.
BRI Life relies on bancassurance channels amidst increasing demand for insurance
As of November 2023, the bancassurance channel contributed 81% of BRI Life’s total premium revenue.
Insurance How women in power are the key to business success
Industry experts share their thoughts on how women in business can be the ultimate growth driver.
Insurance Hong Kong’s women in insurance rising in a male-dominated business sector
Hong Kong’s female insurance executives show how they take on leadership roles.
Insurance Strong women in insurance speak on gender bias
Leading women in Singapore’s insurance industry highlight the role of support networks and mentorship in advancing women’s careers in male-dominated sectors.

Join the Insurance Asia community