insurance

Asahi Life's core profit jumps 67.7% in H1 2024

Asahi Life's core profit jumps 67.7% in H1 2024

Asahi Life plans to enhance profits in protection-type products.
4 days ago

Commercial insurance set to grow at 7.5% CAGR by 2032

Asia Pacific led the market with a share of over 23% in 2023.
4 days ago

SME insurance is seen to reach $417b through 2032

Smaller organisations lack the resources and experience to form a separate risk department.
4 days ago

Professional indemnity claims rise by 6% in two years

Marsh India said PI claims range from $20m to $100m.
5 days ago

2025 salary hikes expected in Singapore's insurance sector

Those in lower-value administrative functions may experience a more modest increase of 10%-15%.
5 days ago

Hong Kong’s insurance sector could see 3% to 4% salary hikes in 2025

Hong Kong is expected to maintain steady hiring activity in 2025 despite sluggish economy.
5 days ago

New India Assurance works to tighten underwriting, risk controls

However, its balance sheet remains exposed to potential volatility.
5 days ago

AM Best forecasts steady earnings for Starr International Insurance

Whilst investment returns remain modest, they contribute stable income. 
6 days ago

Howden Asia reels in new deputy CEO

His start date is subject to fulfilling his contractual obligations with current employer.
6 days ago

Vietnamese insurer cuts profit forecast after Typhoon Yagi

Bao Minh’s board proposed keeping its revenue target at $268m.
6 days ago

Lockton launches Global Parametric Insurance Practice

The parametric insurance market is set to reach $39.3b by 2032.

Lonpac expected to hold 7% of Malaysia's market

The company has demonstrated consistent capital growth over the past five years.

Huize plans expansion in Singapore, Philippines

Its Q3 2024 gross written premiums (GWP) reached an all-time high of $290m.

Asian Gen Z confident in finance skills, lag in insurance awareness

Gen Z is projected to make up at least 25% of the APAC population by 2025.

Japan P&I Club hikes premiums 7% for 2025

The decision comes as the association grapples with a high volume of claims.

PICL to sustain a strong capital level amidst growth: AM Best

However, long-duration policies in PICL's portfolio pose reserving risks.

Insurance could cushion a $14t economic loss from a pandemic scenario

The transportation sector will be significantly hit, which accounts for 10% of the global GDP.