General insurance
India's non-life insurers premiums surges 13% in FY 23-24
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.
Singapore’s personal accident, health insurance market to exceed $8b by 2029
PA&H insurance is forecast to rise 8.9% in 2024.
China’s premiums grow sixfold amidst new energy vehicle adoption
But higher claims frequency and repairs challenge profit for some insurers.
Malaysia’s non-life insurance sector sees stable outlook
AM Best also expects insurers to maintain robust underwriting profits.
South Korean insurers bag $80b in premiums for H1 2024
Net income of all insurers for H1 2024 amounted to $6.49b.
Taiwan insurance sector profits hit $11b in November
Thanks to the life industry’s $10.12b profit contribution.
India's non-life insurance climbs 4.4% in November
The modest growth was driven by retail health and motor third-party.
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