insurance
Taiwan insurers to raise fresh equity amidst new capital requirement
Taiwan insurers to raise fresh equity amidst new capital requirement
The new standard also raised compliance risks for insurers.
Dah Sing Insurance strengthens capital structure
Its 2023 net profit was $13.9m.
India, Philippines pension systems lack adequacy: Mercer
A score below 35 would indicate serious deficiencies.
Why ageing Asians prefer critical illness coverage
Japan and India have the largest share of life insurance ownership.
Insurers are increasing investments in generative AI by 300%
Half of CEOs view AI as an opportunity, whilst the other half see it as a risk.
Mitsui Sumitomo Insurance, Coalition expand cyber insurance in Australia
Coalition has brought its Active Insurance model to over 1,400 policyholders.
Sompo welcomes new COO for APAC
She will be based in Singapore.
Singapore amends insurance bill post-Allianz deal
Key concern raised by the MCCY is the terms and structure of the deal.
B2B2C insurance sees 9.6% annual growth forecast
The market generated $4.28b in 2022.
Insurers rank regulatory changes, geopolitics as top risks
APAC insurers anticipate high inflation and strong economic resilience.
Asia’s business insolvencies to rise by 3% in 2024
If excluding China, it could rise by 8%.
Allianz Australia's capital adequacy to remain strong
Thanks to removal of certain non-life liability adjustments, deferred acquisition cost deductions.
Only 28% of APAC insurers prepared for AI shift
Half of insurers attribute poor customer experience to limited technology adoption.
Malaysian general insurance association welcomes new CEO
He will succeed Julie Lean Gim Chong.
Taishin, Shin Kong approve merger
This creates Taiwan's fourth-largest financial firm
Insurance third party administrators market to reach $501.93b by 2028
Major trends include blockchain integration and predictive analytics.
Australian insurers urged to adopt nature-positive practices
In December 2022, over 180 countries adopted the Global Biodiversity Framework.
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AI isn’t replacing insurance, it’s finally making it work