insurance

China Taiping Insurance sees robust capitalisation with TPG financial support

It is anticipated that CTPIS will build its life insurance segment over the medium term.

Construction Guarantee faces profit pressure amidst prolonged construction downturn

A notable rise in guarantee claims payments and reserves is expected to keep claims levels elevated.

K-pop craze may spur demand for Income Insurance’s hourly travel cover

The Singaporean insurer is targeting spontaneous travellers who love concerts.

Pru Life UK introduces Philippines' first Takaful insurance

It collaborated with Takaful-experienced affiliates in Malaysia and Indonesia.

Prudential’s APE sales up 7% to $5b for 9M 2024

Bancassurance sales were up 21% year-to-date.

Only 56% of S’pore graduates see insurance as appealing career choice

Seven in 10 said there was limited career growth in the industry.

Humans need to be in insurance’s genAI loop

Employees still need to interpret AI-generated data and make decisions to minimise risks.

AlipayHK partners with YAS for real-time travel coverage

The embedded accident insurance is underwritten by Generali Hong Kong.

Insurance firms seek faster reconciliation turnaround times

Speed and cost efficiency drive adoption of reconciliation solutions.

Unit-linked insurance market to reach $2.3t by 2032

The market is forecasted to reach a CAGR of 10.9%. 

2024 insured losses exceed decade average at $108b

Total economic losses for the first three quarters reached ~$280b.

Taiwan insurers to raise fresh equity amidst new capital requirement 

The new standard also raised compliance risks for insurers.

India, Philippines pension systems lack adequacy: Mercer

A score below 35 would indicate serious deficiencies.