insurance
China greenlights BNP Paribas, Prudential insurance firms
China greenlights BNP Paribas, Prudential insurance firms
China’s fast assets growth last year attracted both parties.
Aon to support Asia’s low-carbon investments with AIGCC
Aon aims to develop market-based climate solutions.
Manulife Asia Q3 2024 net income surges nearly ten-fold
The group bagged a Q3 2024 net income of $1.8b.
China Taiping Insurance sees robust capitalisation with TPG financial support
It is anticipated that CTPIS will build its life insurance segment over the medium term.
Construction Guarantee faces profit pressure amidst prolonged construction downturn
A notable rise in guarantee claims payments and reserves is expected to keep claims levels elevated.
K-pop craze may spur demand for Income Insurance’s hourly travel cover
The Singaporean insurer is targeting spontaneous travellers who love concerts.
Pru Life UK introduces Philippines' first Takaful insurance
It collaborated with Takaful-experienced affiliates in Malaysia and Indonesia.
Prudential’s APE sales up 7% to $5b for 9M 2024
Bancassurance sales were up 21% year-to-date.
FWD Group's new business value rises 6% to $623m in 9M 2024
New business sales rose to $1.4b.
Only 56% of S’pore graduates see insurance as appealing career choice
Seven in 10 said there was limited career growth in the industry.
Humans need to be in insurance’s genAI loop
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Tokio Marine Kiln appoints new marine leader for APAC
Ampatzis joins TMK from Starr Insurance.
AlipayHK partners with YAS for real-time travel coverage
The embedded accident insurance is underwritten by Generali Hong Kong.
Insurance firms seek faster reconciliation turnaround times
Speed and cost efficiency drive adoption of reconciliation solutions.
Unit-linked insurance market to reach $2.3t by 2032
The market is forecasted to reach a CAGR of 10.9%.
2024 insured losses exceed decade average at $108b
Total economic losses for the first three quarters reached ~$280b.
Commentary
AI isn’t replacing insurance, it’s finally making it work