insurance
Usage-based insurance market poised to hit $286b by 2032
Usage-based insurance market poised to hit $286b by 2032
The Asia-Pacific region is emerging as a key growth driver.
Asia-Pacific insurers told to start targeting Gen Z
They are less aware about insurance products than Millenials.
Asahi Life's core profit jumps 67.7% in H1 2024
Asahi Life plans to enhance profits in protection-type products.
Commercial insurance set to grow at 7.5% CAGR by 2032
Asia Pacific led the market with a share of over 23% in 2023.
SME insurance is seen to reach $417b through 2032
Smaller organisations lack the resources and experience to form a separate risk department.
Professional indemnity claims rise by 6% in two years
Marsh India said PI claims range from $20m to $100m.
2025 salary hikes expected in Singapore's insurance sector
Those in lower-value administrative functions may experience a more modest increase of 10%-15%.
Hong Kong’s insurance sector could see 3% to 4% salary hikes in 2025
Hong Kong is expected to maintain steady hiring activity in 2025 despite sluggish economy.
New India Assurance works to tighten underwriting, risk controls
However, its balance sheet remains exposed to potential volatility.
AM Best forecasts steady earnings for Starr International Insurance
Whilst investment returns remain modest, they contribute stable income.
Howden Asia reels in new deputy CEO
His start date is subject to fulfilling his contractual obligations with current employer.
Vietnamese insurer cuts profit forecast after Typhoon Yagi
Bao Minh’s board proposed keeping its revenue target at $268m.
Lockton launches Global Parametric Insurance Practice
The parametric insurance market is set to reach $39.3b by 2032.
Lonpac expected to hold 7% of Malaysia's market
The company has demonstrated consistent capital growth over the past five years.
Huize plans expansion in Singapore, Philippines
Its Q3 2024 gross written premiums (GWP) reached an all-time high of $290m.
Asian Gen Z confident in finance skills, lag in insurance awareness
Gen Z is projected to make up at least 25% of the APAC population by 2025.
Japan P&I Club hikes premiums 7% for 2025
The decision comes as the association grapples with a high volume of claims.
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
