General insurance
SunCar Technology lengthens partnership with China Continent
Higher service sales from the existing partnership drove this move.
SunCar Technology lengthens partnership with China Continent
Higher service sales from the existing partnership drove this move.
MSIG HK achieves highest claims settlement since 2020
Compared to the previous year, the claims settlement ratio was at 92.9%.
Zurich Australia becomes preferred insurer of Tesla
The CEO said there has been an uptick in EV demand.
Generali Thailand commits to sustainability with new HQ
This move includes both its life and general insurance arms.
Advanced markets to drive half of new insurance premiums by 2034
Advanced APAC is expected to see strong growth in the life sector.
PIAM backs new motor vehicle smash repair standards
The standard was approved by the Minister of Investment, Trade and Industry Malaysia.
New Zealand’s insurers maintain strong solvency under strict regulations
Demand for non-life insurance is driven by exposure to natural hazards.
Crop insurance dwindles in FY 2024, top 4 insurance cut exposure
Gross direct premium underwritten by insurers fell 4.2%.
India eyes FDI cap overhaul for insurers
FDI cap for general or life insurance companies is at 74%.
India’s pushes for reintroduction of tax exemptions
Tax benefits currently exist for health and life insurance premiums, albeit capped and complex.
Thai association cautions on insurance coverage for EVs
Tokio Marine Safety Insurance temporarily suspended standard premiums.
Japan insurance giants to maintain improved financial performance in FY 2024
Thanks to higher domestic interest rates, diversified investments, and ongoing reforms.
Taiwan's insurance sector posts $5.5b pre-tax profit in May
Its general insurance market surged nearly five times more than last year.
FWD Singapore, Income Insurance partner amidst EV demand
Existing motor policies at FWD Singapore will remain unaffected.
Asuransi Sinar Mas maintains satisfactory capital for expansion
The non-life insurer accounts for 9% of the total market share in GWP in 2023.
GIAJ admits gap between practices and public expectations
It unveiled its initiatives to rebuild the trust of its customers.
2.6 million Australians don’t have health insurance
Meanwhile, general insurance gained more traction due to increased awareness.
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1. bolttech secures $50m venture debt from HSBC, expands market 2. Life insurance premiums forecast to grow by 3% yearly until 2026 3. Prudential launches AI lab in Singapore 4. Asia leads in embedded insurance, set to reach $170b by 2030 5. Manulife enters into $5.4b reinsurance agreement with Reinsurance Group of AmericaResource Center
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Humans need to be in insurance’s genAI loop
![Humans need to be in insurance’s genAI loop]()
Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
