General insurance
The global insurance market projects a 4.5% CAGR increase by 2027
Demand for car and travel insurance is increasing, amidst mandatory coverage.
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.
1 in 5 Australians don't have adequate insurance
About 9% indicated a need for health insurance.
GWP of Sri Lankan insurers witness 8.38% YoY in Q4’23
Claims incurred totalled Rs137b.
How insurance can aid potential exposures under new patent system – Aon
China's IP office received around 1.62 million patent applications in 2022.
Global non-life reinsurance market to see improved margins
The market witnessed a dramatic increase in average retentions on property reinsurance programmes.
Malaysia's insurance industry grows 7.8% in 2023
On the other hand, underwriting profit contracted by 26%.
6 of 10 Thais are confident in sharing data for personalised coverage
Key factors like value for money, affordable premiums, and brand trust remain significant influences on insurance purchasing decisions.
S’pore’s general insurance sector climbs 10.1% YoY in 2023
The healthcare sector suffered an underwriting loss due to rising costs.
Commercial property insurance to see 10.4% CAGR by 2028
Persistent economic climate significantly influences insurers' underwriting practices and pricing strategies.
Australian regulator calls for better claims handling
ASIC expects the industry to improve its response to recent events and prioritise the resolution of outstanding claims related to 2022 floods.
MSIG Singapore upgrades investment analytics with Clearwater tech
This will enable digital reporting, ensuring compliance with international standards such as IFRS 9.
AIA Singapore welcomes interns in first corporate-led programme
The programme is six-week long.
Surge in demand for cyber, marine, cargo, and property insurance in SG and Malaysia
Success in both markets relies heavily on how they’ll navigate uncertainties.
Operating performance strong for ICICI Lombard: AM Best
Its underwriting results are offset by its reliance on investment income.
S’porean vehicle owners can access accident reports via new service
Vehicle owners can purchase a report for S$90 each.
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1. LIA Singapore appoints Wong as president with new 2025 goals 2. Vietnam’s life insurance sector slated for dip this 2025 3. BFSI sector leads cyber insurance adoption at 35% to 40% share 4. Malaysia’s healthcare system faces funding, cost challenges 5. This week in insurance: Singapore's insurance sector sees market growthResource Center
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