insurance

Family accident insurance seen hitting $6.7b by 2029

Asia-Pacific is expected to post the fastest growth.

China reinsurance market stable as capacity grows: AM Best

The motor segment has entered a low-growth phase, though profitability has improved. 

Fitch sees weak car sales weighing on Indonesia insurers, NBFIs

Fitch expects modest premium growth through 2026.

Home insurers grow as premiums top $6.3t

Insured losses from natural disasters are expected to reach $140b to $150b in 2025.

Sompo tests methane insurance as regulations tighten

Satellite monitoring and inspections help firms detect leaks and avoid fines.

Australia posts $1.3b in insured losses from major disasters

The report also pushes for the proposed $19.8b Flood Defence Fund.

Australia insurers sustain profits on higher premiums, stable claims

Health insurers are likely to see moderate profitability.

Why are businesses willing to pay more for insurance with AI protection?

Demand is strongest amongst the technology and financial sectors.

Oona Insurance introduces flexible coverage for Filipinos abroad

Oona members have cashless access to over 650 hospitals and clinics nationwide.

LIC partners with RBL Bank to expand bancassurance reach

This will enable RBL Bank customers to access LIC’s life insurance products.

Zurich Insurance Group outlook steady: AM Best

AM Best also expects Zurich’s financial leverage to remain stable.

Employer’s liability insurance market slated for $45b by 2029

Rising litigation costs for employers have also contributed to the demand.

Reinsurance market softens after post-2021 hard cycle peak

The report noted that the industry is currently oversupplied with capital.