insurance
This week in insurance: Philippines to expand coverage for OFWS, Allianz sells stake in 2 Indian units, Manulife Asia gets new CEO
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.
APRA says two new rules to boost insurer accountability
APRA also called for greater transparency in claims processes.
FSC approves Samsung Fire & Marine integration under Samsung Life: Report
Insurers holding more than 15% shares must integrate the company as a subsidiary.
Cyber ILS market grows as insurers seek alternative risk transfers
Cyber insurance demand is seen to reach $23b by next year.
Motor theft claims surge 96% to $270m in Australia over nine years
Theft claim frequency also rose sharply in Queensland and metro Victoria.
Private insurers offset LIC premium drop amidst policy changes
The decline was driven by adjustments to the sum assured and commissions.
Chubb Life rolls out insurance covering ICU stays under critical illness
The plan offers coverage for 144 illnesses and four payment options.
Travel insurance market to reach $86.39b globally by 2030
Demand is also driven do to rising popularity of adventure and sports tourism.
SME insurance market to reach $39b globally by 2032
The region holds the largets market share.
Prudential, Vama Sundari Investments to establish health insurance firm in India
Prudential Group Holdings will hold a 70% stake in the joint venture.
Sun Life veteran named CFO for Asian operations
He has been interim CFO since September last year.
Prudential net profit rises 41.1% to $2.4b in FY 2024
EPS stood at $0.897.
Manulife partners with Prosper Health for cancer medication access
Eligible customers will have access to Manulife’s Personalised Medical Case Managers.
Talanx net income jumps 25% YoY in FY 2024
Insurance revenue in the Corporate & Specialty division grew 10% YoY.
Ping An Insurance reports 47.8% rise in 2024 net profit
Life & Health new business value (NBV) increased 28.8% YoY.
How much of Malaysians have financial legacy plans?
48% of cited conflict prevention as a key reason for legacy planning.
Warranty and Indemnity insurance in Asia surges, record policy placements
These policies provided over $7.8b in protection limits.
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India’s cyber risk paradox: High attack rates, low insurance preparedness