General insurance
QBE underwrites CyberFender for Singapore SMBs protection
QBE underwrites CyberFender for Singapore SMBs protection
It protects against security breaches, interruptions, and cyber extortion.
Taiwan insurers' earnings leap to $10.3b in December
The life insurance segment made up 92.4% of the total profits.
KoverNow gets greenlight from HKIA, launches app
It offers coverage for luxury goods and collectibles.
Cambodia’s December gross premiums increase by 9.4% YoY
This was larger than the previous month’s $25.6m.
South Korea's insurance industry to hit $191.2b by 2029
This year, the industry is expected to grow by 2.2%.
Mobile phone insurance market slated for 12.8% annual growth
The market is forecasted to bag $39.29b in 2024.
India's non-life insurers premiums surges 13% in FY 23-24
Health insurance remained the largest segment with a 40.29% share.
Global reinsurers stable despite LA wildfires – S&P
But primary insurers are expected to withstand the losses.
India’s general sector premiums seen to rise in the medium term
The sector has also benefitted from favourable investment conditions.
South Korean insurers face $62m from LA wildfire losses
DB Insurance holds 37 active policies in the affected regions.
MSIG Asia targets 15% CAGR in profit growth
The insurer also signalled that Asia-Pacific has the most growth potential.
Hong Kong insurance premiums surge 12.2% in 9M 2024
The period already shows signs of a rebound from the 1.1% fall in 2023.
Capital adequacy ratio of S. Korean insurers increased end-September ‘24
When transitional measures were excluded, the ratio stood at 202.7%.
Cambodia’s November gross premiums jump 11% YoY
However, number of policies for the general insurance market fell.
India’s life insurance sector bound for 6.9% annual growth: Swiss Re
Total premium volumes predicted to increase by an average of 7.3%.
India's non-life insurance slightly dips by 0.33% in December
On a year-to-date (YTD) basis, the industry jumped 7.82%.
India’s insurance penetration slumps to 3.7% in FY 23-24
Insurance density in India rose slightly, from $92 in FY 22-23 to $95 in FY 23-24.
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Speakers from Kasikornbank, KPMG Thailand, Systemweb Technology, and Simon-Kucher will share their insights on the industry’s latest trends and challenges.
Commentary
For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness