General insurance
Crop insurance dwindles in FY 2024, top 4 insurance cut exposure
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.
Malaysia's general insurance to grow at 7.8% CAGR by 2028
The industry could see $5.0b in direct written premiums this year.
Japan's auto insurance premiums set to rise in 2026
A rating organisation intends to raise its reference premium rates by an average of 5.7%.
Taiwan's new EV insurance plans to ensure fair pricing
Premium rates for EVs won't exceed those for gas vehicles by 50%.
Marsh lists 4 ways to gain an advantage in growing EV market
The EV insurance market is forecasted to expand to $687.62b by 2029.
ICA proposes updates to insurance code
The code was first introduced in 1994.
Vietnam and the IMF discuss social insurance expansion
Topics included enhancing pension policies amidst changes to the Law on Social Insurance.
Australian insurance sector combats inflation with premium hikes
Its life insurance premiums are seen to grow ~3% in 2024 and 2025 modestly.
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