Insurance premiums
Commercial insurance set to grow at 7.5% CAGR by 2032
Commercial insurance set to grow at 7.5% CAGR by 2032
Asia Pacific led the market with a share of over 23% in 2023.
2 days ago
Taiwan life insurers record $35b in H1 premiums
First-year premium (FYP) income rose 7.24% YoY to $11.62b.
4 days ago
Japan P&I Club hikes premiums 7% for 2025
The decision comes as the association grapples with a high volume of claims.
5 days ago
Japan’s insurance sector sees stability amidst premium boom
Premium income has increased over the past two years.
ICA backs Senate's recommendations on climate risk impact on insurance premiums
Insured losses reached $2.19b between 2023 and 2024 due to four extreme weather events.
Philippine’s premiums jump 14% in Q3 2024
It bagged $5.58b during the quarter.
Life insurance premiums forecast to grow by 3% yearly until 2026
Global life insurance premiums are expected to rise to $4.8t by 2035.
NorthStandard raises premiums by 5% for 2025-2026
By mid-2024, NorthStandard recorded 14 large claims exceeding $1m.
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%.
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