insurance

Asia shies away from savings to protection products

This is to align with ICS and IFRS 17 standards.

Removing 74% FDI cap may benefit insurers more: Chairman

This could remove the need for joint ventures, but int’l insurers may still favour local partnerships.

Petrolimex Insurance profits from low-loss property and marine lines

PJICO follows a conservative investment strategy, with most investments held in deposits.

Insured losses top $100b for fifth consecutive year

Annual insured losses are expected to rise by 5% to 7%.

Insurers face challenges from aviation grey zone conflicts

GPS spoofing and jamming are growing threats for insurers.

Chubb Life’s strong regulatory capital supports stability

Fitch expects it to continue prioritising regular-paid and protection-focused policies.

International Association of Insurance Supervisors sees stable 2025

Supervisors are implementing stress testing and contingency planning to mitigate risks. 

Taikang's robust capital to aid in business expansion: Fitch Ratings

Taikang Group’s profitability is supported by its value-driven business strategy.

Mining insurance rates in Asia show slight decrease in 2024

Singapore’s property reinsurance rates showed small reductions in risks outside NatCats.

Singlife’s new investment-linked plan offers 5% annual payout

It comes at a one-time premium starting at $516.28.

Muang Thai Life bags $4b in total new business premiums for 9M 2024

Despite increased acquisition spending, MTL’s topline declined year-on-year during.

APAC insurers predict continued cost increases in 2025

Medical costs are set to rise by 12.3% in 2025, WTW says.

Insurance distribution solutions market to grow 14% CAGR

This is driven by demand from insurers to streamline distribution processes.

QBE, YAS debut pay-as-you-sell insurance for Hong Kong merchants

It is designed for HK-based merchants expanding in the US market.

Aon's APAC CEO to become Global Chief Commercial Officer

Corona has been with Aon for nearly 25 years.