insurance
Prudential Hong Kong opens multipurpose space
Prudential Hong Kong opens multipurpose space
It also expanded its academy to this 53,600 sqft office.
Australian insurance sector combats inflation with premium hikes
Its life insurance premiums are seen to grow ~3% in 2024 and 2025 modestly.
Vehicle damage leads $356m hailstorm claims in Hyogo
Total claims paid reached 119,238.
APAC to lead global EV insurance market in the next five years
The global EV insurance market is seen to skyrocket by 40.3% in CAGR.
Cathay Life's capitalisation robust ahead of 2026 standards
The insurer holds a 21.3% market share of premiums in 2023,
Ansvar sees positive earnings despite PSA claims
The company recorded positive operating earnings in 2022 and 2023.
Japan’s interest rate rise offers lessons for China’s insurers
To manage low interest, Japanese insurers shifted to foreign securities and protection-type policies.
India’s non-life sector bags double-digit growth
It saw its premiums surge 14.9% in May.
Tokio Marine Financial Advisers announces new CEO
He has more than two decades of experience in the industry.
8 in 10 Filipinos seek more insurance amidst rising costs
Out-of-pocket health expenses reached $9b in 2022.
Japanese non-life overseas operations seen to temper domestic underwriting
The country’s big three non-life players saw their profits surge in FYE24.
Ping An upgrades proactive health management system
Nearly 13 million users were enrolled in the family doctor membership last year.
How can insurers transition into a customer-centric business
Arthur D. Little narrowed it down to six steps.
CALI pushes for financial advice accessibility amidst rising costs
Only 8% of Australians consider taking financial advice for insurance.
Allianz Commercial appoints new head for cyber
She brings over two decades of experience in financial lines and cybersecurity.
Kyobo Life to hold solid market position in the 12-18 months
Its return on capital (ROC) was 3.0% in 2023.
What were the most common forms of capital insurers used in 2023?
Alternative reinsurance capital exceeded $100b last year.
Commentary
AI isn’t replacing insurance, it’s finally making it work