insurance
Insurance cover rises, yet a quarter of Australians still unprepared
Insurance cover rises, yet a quarter of Australians still unprepared
More than one-third of respondents had a storm action plan in place.
Will low premiums persist in offshore energy insurance?
Neither frequency nor severity of claims significantly impacted market capacity.
Taiwan insurers post $9.47b pre-tax profit in August
Its non-life insurance segment witnessed a twofold increase.
Insurance scrutiny intensifies on coal, wildfire risks
However, power Industry business interruption sectors see improved pricing.
New Beazley Quantum targets corporations with over $1b turnover
This initiative injects $100m in fresh capacity into the cyber insurance market.
Allianz Life sets sights on doubling business with Kingmaker training
It also offers 24-month financial support of $2,809.
What opportunities does APAC's millionaires offer insurers?
China is home to 6 million millionaires, second only to the US.
Singlife, SAL launch mental health scheme for lawyers
The programme will be offered to more than 13,000 legal professionals.
Malaysia warns of downside risks for insurers from market volatility
Overall profitability of ITO funds increased in the first half of 2024.
Gen Zs, Millennials drive 85% of total insurance sales
Gen Z and Millennial advisors conduct most of their business online.
China to build science and tech insurance framework
NFRA plans to introduce incentives such as rewards, subsidies, and tax benefits.
Meiji Yasuda Life’s core profit up 27% from strong sales
The weaker yen against the US dollar also boosted profits.
Generali, UNDP tackle $1.8t protection gap
Parametric policies provide pre-agreed payouts based on verified triggers.
IAG slashes jobs after reporting high profits
IAG said the job cuts are part of a restructuring plan that began in March.
Japanese insurer targets ¥45b in green premiums
Tokio Marine Group is also working with its corporate clients and investors.
Families receive aid after school bus tragedy in Thailand
OIC confirmed the bus had compulsory motor insurance from Viriyah Insurance.
Prudential, Bank Syariah partner for bancassurance offering
Starting in early 2025, Prudential will provide products to BSI customers.
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1. Remote job demand in Singapore insurance rises 15.3% 2. India insurance market sees moderating premium growth: Report 3. Tokio Marine Life, RHB launch guaranteed-acceptance plan for seniors 4. Manulife to sell MVI Life to Japan’s Asahi Life 5. Hong Kong reinsurers to absorb significant claims from Wang Fuk Court fireResource Center
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AI isn’t replacing insurance, it’s finally making it work