insurance
Philippines ends provisional insurance licenses
Philippines ends provisional insurance licenses
The commission wants to ensure that agents with regular licenses are allowed to sell.
Vietnam nears 2025 social insurance goals, projected 20 million participants
By 2024, health insurance participants is seen to reach 95 million.
Protection and indemnity combined ratio drops to 96% in 2023/24
The year was dominated by the Dali incident, which occurred in March.
Rising healthcare costs drive growth in Indian insurance: McKinsey
From FY 2020 to FY 2023, the industry saw a CAGR of 11%.
Zurich eyes to surpass 23% ROE in next three years
It also aims to achieve core EPS with a CAGR of over 9%.
Half of risk leaders confident in current strategy: WTW
23% of respondents said supply chain issues as a critical challenge.
Allianz Asia Pacific's business volume jumps 16%
The annualised premium (ANP) for Life/Health grew 14%.
MS First Capital Insurance’s underwriting drives consistent profitability
Shareholders’ equity, which reached $900m (S$1.2b) in 2023.
Construction Guarantee’s focus on public projects mitigates economic risks
CG's regulatory capital ratio improved to 225% in 2023.
Liability insurers adjust to spike in US nuclear verdicts
In 2023 alone, nuclear verdicts increased by over 27%.
Philippine’s premiums jump 14% in Q3 2024
It bagged $5.58b during the quarter.
NorthStandard raises premiums by 5% for 2025-2026
By mid-2024, NorthStandard recorded 14 large claims exceeding $1m.
Tokio Marine Holdings raises full-year net income forecast by $258m
Its first-half net income surged 77% YoY.
APAC’s insurance third-party administrator market to reach $515b by 2030
Globally, it is seen to reach $515b by 2030.
Only 20% of insurers assess tech risks fully
50% of CROs are already using early-warning KPIs to monitor risks.
Zurich Malaysia offers motorcycle insurance on Shopee
It includes add-ons like passenger liability, natural disaster protection, and strike coverage.
Insurance sector sees surge in patent filings for data analytics to 1,978
There are over 13,750 patents filed to date.
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1. Hong Kong regulator guts insurance referral fees with 50% cap 2. Can China’s $140b motor insurance market survive a 70% loss ratio? 3. PNB MetLife launches dividend fund linked to insurance 4. Taiwan life insurers face rising risk in $32b FX mismatch 5. India set to outpace China, US in premiums by 2030Resource Center
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
