Insurance premiums
Life insurance premiums forecast to grow by 3% yearly until 2026
Global life insurance premiums are expected to rise to $4.8t by 2035.
1 day ago
NorthStandard raises premiums by 5% for 2025-2026
By mid-2024, NorthStandard recorded 14 large claims exceeding $1m.
1 day ago
APAC reinsurance market sees stable pricing in 2024
Although, extreme weather and NatCats could disrupt current pricing stability.
FWD Hong Kong sees first year premiums surge 33% in H1 2024
This was higher than the industry average of 12%.
How did APAC insurers fare in 2023?
The average premium earned by these companies grew by just 1.3%.
HSBC Life hits HK$24.7b in new business premiums
Annualised new premiums accounted for 19.7% of the market total.
Hong Kong’s insurance premiums climb 5.1% YoY in H1 2024
Both long-term and general business recorded YoY growths.
Cambodia's gross premiums surge 16.9% YoY in July
The life insurance market’s contraction was offset by its general insurance.
Court penalises agent for premium theft
A client paid $7,693 to the agent, which was later misappropriated.
Profits of Sri Lankan insurers jump 35% YoY in Q1 2024
Its assets climbed 10.9% YoY.
Philippines’ insurance penetration increases amidst higher premiums end-June
It stood at 1.71%, higher than last year’s 1.63%.
Indonesian insurers' assets hit IDR1,126.26t, up 1.14%
Both its life and general insurance segments grew YoY.
National Insurance Trust Fund Board’s gross premiums surge this year
However, Fitch Ratings sees risk-management weaknesses in the insurer.
Cyber insurance costs drop amidst improved cyber hygiene
Global cyber insurance to hit $43b by 2030, Howden projects.
QBE's profitability rises with underwriting improvements
Moody’s is also optimistic about the insurer’s premium pricing trends.
S. Korean insurers’ Q124 profits plummet by 11.1%
This was equivalent to $3.58b.
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1. Allianz-Income merger in limbo as parties weigh new rules 2. India's life insurance growth slows to 10.6% in October 3. South Korean insurers brace for profit squeeze amidst rate cuts 4. bolttech secures $50m venture debt from HSBC, expands market 5. Life insurance premiums forecast to grow by 3% yearly until 2026Resource Center
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Humans need to be in insurance’s genAI loop
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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.
