insurance

China’s FIs urged to refine services for credit support

The NFRA also highlighted the role of technology in improving inclusive finance.

Indonesian association, Gadjah Mada University ink deal for upskilling

The collaboration aims to address the shortage of actuarial professionals.

VSS, World Bank target wider social insurance coverage in Vietnam

The world organisation hopes to aid Vietnam’s goal of a 60% coverage target by 2030.

Philippine gov’t insurer sees net income surge of 21% YoY in 2024.

It disbursed $3.06b (₱179.92b) in claims and benefits last year.

HKIA supports budget initiatives for insurance sector

Yiu highlighted the extension of the Pilot Insurance-linked Securities Grant Scheme.

Rising litigation costs pressure casualty reinsurers on reserves

Social inflation remains a key driver of casualty loss trends, an analyst said.

QBE Asia names CEO for new role

He is currently CEO of QBE Singapore.

Critical illness insurance market to hit $295b by 2032

The region is likely to see significant expansion, driven by population growth.

Airline insurance market to stay soft in early 2025: WTW

Excess capacity drove rates downward throughout the year despite efforts to tame this.

Digit Insurance launches AQI-based policy for Delhi workers

Claims are triggered if the Air Quality Index surpasses 400 more than twice.

What challenges Asian women's financial readiness?

Healthcare costs are a significant barrier to financial security.

How financially prepared are Gen Alpha parents in Hong Kong?

Only 33% have concrete financial plans, whilst 18% have not started planning at all.

Pension assets hit $58.5t, up 4.9% in 2024

Australia eyes second-largest pension market spot by 2030.

Asei battles weak underwriting, high reserves in 2024: Fitch Ratings

Underwriting performance deteriorated, with combined ratio surging to 187% in ‘24.

Thai insurers tighten underwriting for flood-prone areas

Political uncertainty is also limiting near-term growth.