Insurance Wrap-Up
A weekly summary of industry updates on Asia-Pacific’s insurance sector, covering regulatory developments, market trends, corporate movements, and other key changes shaping the industry.
This week in insurance: HK’s first children’s CI coverage, Singapore hobbyists covered, Mental health claims rise in India
This week in insurance: HK’s first children’s CI coverage, Singapore hobbyists covered, Mental health claims rise in India
Markel Insurance also unveiled a Clinical Trials insurance product.
2 days ago
This week in insurance: Insurers scale back on HK boomers, China eyes nonstandard securitisations, Zhibao's new reinsurance unit
Losses from the 7.7-magnitude Myanmar earthquake in March will also be absorbed by reinsurers.
This week in insurance: Japan seeks int’l growth, Ping An cuts carbon footprint, Tokio Marine sells Mitsubishi stake
AXA Hong Kong and Macau also partnered with Ant Bank (Hong Kong) and AlipayHK.
This week in insurance: HKIA introduces caps, MS&AD merges two subsidiaries, Prudential names new regional CEO
Taiwan’s life insurance sector is set to remain volatile in 2025 due to shifting surplus components.
This week in insurance: Singapore's insurance sector sees market growth
The general insurance sector’s gross written premiums climb 6.3% YoY to $8.1b.
This week in insurance: Philippines to expand coverage for OFWS, Allianz sells stake in 2 Indian units, Manulife Asia gets new CEO
Financial security and coverage seems to lack amongst business leaders and mothers.
This week in insurance: Malaysia offers premium freeze, M&A falls 25%, Manulife extends medical partnership
Cyber liability coverage is primarily targeting small-to-midsize enterprises.
This week in insurance: Philippine deposit insurance rises, ICA calls for flood defence fund, solar storms to bring trillion-dollar loss
Vietnam also aims to amend the law on deposit insurance.
This week in insurance: Australia's insurance sector faces cost pressures
6 in 10 Australians said they are willing to spend more on protection against disasters.
This week in insurance: Sompo splits business, Aon’s new APAC CEO, and growth across financials
FWD also announced the retirement of Richard Sun Po Yuen from the board.
This week in Insurance: Meiji Yasuda’s $2.3b deal, Allianz eyes RAC, and regional growth gains
Taiwan, Singapore, and the Philippines recorded positive market growths.
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1. Great Eastern see earnings rise 13% YoY in Q1 2025 2. FWD launches cross-border medical plans amidst rising demand in GBA 3. India’s mental health insurance claims rise 30% amidst growing awareness 4. MSIG, Bank of China and China Pacific ink bancassurance deal in Thailand 5. Fine art insurance market set to reach $838.4b by 2034Resource Center
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Jul
08
Event News
He discussed how insurers can leverage GenAI, especially in building new O2O channels to stay competitive in a digital-first world.
