insurance
Artarindo's premium retention lags behind industry
However, its profitability is expected to remain stable.
Artarindo's premium retention lags behind industry
However, its profitability is expected to remain stable.
Tata AIA Life opens offshore branch at GIFT City
The products offered target non-resident Indians (NRIs).
Insured losses from NatCat surge to $151b, fueled by urban growth
The five-year average annual loss is at $106b.
Tong Yang Life's profit prospects strong under new ownership
Woori FG is supported by Woori Bank, one of Korea’s domestic systemically important banks.
China Re’s H1 2024 net earnings triples to $830m
EPS stood at RMB0.13.
Sun Life’s new hire to oversee digital platform expansion
He was formerly with Prudential.
South Korea’s insurers bag $7b in earnings for H1 2024
This was equivalent to a 2.8% YoY rise.
Asian insurers shift to private credit amidst new RBC rule
APAC insurers allocate an average of 6.4% of their portfolios to illiquid credit.
Zhong An’s H1 2024 earnings fall 24.5% YoY
Its EPS stood at RMB1.11 cents.
Asia Pacific drives 54% of bancassurance market growth
The market is seen to expand by 6.74% this year.
Cambodia's gross premiums surge 16.9% YoY in July
The life insurance market’s contraction was offset by its general insurance.
Taiwan’s investment-linked insurance products dwindle in June
Sales of traditional products increased 19% YoY.
Taiwan insurers' earnings doubled to $10b in July
Both its life and non-life segments witnessed triple-digit growth.
Insurers burdened by managing investments, seeks third-party aid
Life insurers outsource less frequently than P&C or health insurers.
Life/annuity reinsurers see improved conditions amidst higher rates
L/A reinsurers remain well-capitalised until 2025.
Sunshine Insurance H1 2024 net profit rises 8.3% YoY
EPS stood at $0.04.
APRA sets four-year plan for financial sector stability
APRA will collaborate to address the protection gap in household insurance.
Thought Leadership Centre
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1. bolttech secures $50m venture debt from HSBC, expands market 2. Life insurance premiums forecast to grow by 3% yearly until 2026 3. Prudential launches AI lab in Singapore 4. Asia leads in embedded insurance, set to reach $170b by 2030 5. Manulife enters into $5.4b reinsurance agreement with Reinsurance Group of AmericaResource Center
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Humans need to be in insurance’s genAI loop
![Humans need to be in insurance’s genAI loop]()
Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
