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: YAS rolls out AI, Prudential upgrades with pet coverage, Resolution Life completes block transaction
This week in insurance: YAS rolls out AI, Prudential upgrades with pet coverage, Resolution Life completes block transaction
Manulife Singapore also shared new digital initiatives.
This week in insurance: Air India crash pressures reinsurers, Japan expands overseas, Gen Zs suspicious of insurance
The Philippines’ pre-need sector also by 31.23% year-on-year.
This week in insurance: Great Eastern delists, Income Insurance covers Jetstar-affected, Sout Korea general insurers stable
Tokio Marine also appointed new leaders whilst India’s life insurance market recorded growth.
This week in insurance: UPI dominates payments in India, AXA re-domiciles to HK, Vietnam goes digital
In addition, SingWealth Holdings has obtained an insurance brokerage licence in Hong Kong.
This week in insurance: Prudential’s new CEOs, PH push for private riders benefits, India lacks coverage awareness
In India, only a third of policyholders are aware of the coverage details of their health insurance plans.
This week in insurance: GAIP’s new CEO, Zurich offers takaful on Shopee, Japan's worker shortage
Hong Kong travellers also rush to buy insurance amidst safety concerns.
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.
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. Hong Kong regulator guts insurance referral fees with 50% cap 2. HSBC says 'no decision' made in Singapore insurance review 3. Can China’s $140b motor insurance market survive a 70% loss ratio? 4. PNB MetLife launches dividend fund linked to insurance 5. Taiwan life insurers face rising risk in $32b FX mismatchResource Center
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
