insurance
Life insurance reduces mortality risks in China
Still, the protection gap stood at $73.6b in 2023.
How the surge in medical malpractice claims in Singapore affects insurance premiums
Recent legal developments indicate a potential rise in malpractice claims, which may lead to increased insurance premiums for doctors.
HDI Global’s net financial result rises to $76m in H1 2024
Thanks to higher investment volumes and increased interest income.
KB Indonesia to meet new capital requirements, capital growth expected
Its five-year ROE ratio was 5.1%.
WTW lists 5 benefits of parametric insurance in energy sector
Regular payouts often take 15 to 30 days, but parametric can expedite this long-wait.
MAS banks on financial institutions to enforce robust IT security
All FIs in Singapore must comply with the Personal Data Protection Act (PDPA).
SCOR merges APAC Life & Health units under new leadership
Dion Russell left SCOR to pursue other opportunities.
India considers raising insurance FDI cap to 100%
Despite many industries open to FDI, the insurance sector remains partially restricted.
Extortion cyber attacks rank financial services as 4th most targeted
Australia and New Zealand more vulnerable compared to firms in Europe or North America.
MSIG uses WhatsApp to streamline SME insurance process
SMEs constitute 99% of business in Singapore.
Hong Kong insurer offers MTR mobile users 45% premium discount
Users may earn MTR Points worth up to a $300 MTR fare discount.
Zurich Singapore reels in new leader of A&H
He brings over 12 years of experience.
S. Korea’s top 5 insurers generate 32.1% of production value
Industry turnover reached $48.3b in 2023.
Suncorp’s full-year earnings climb 12% YoY
Its general insurance segment’s GWP increased by 14%.
Aflac strengthens solvency with strong Japan ratio
Particularly, its medical and cancer insurance business profile remains strong.
Philippines’ insurance penetration increases amidst higher premiums end-June
It stood at 1.71%, higher than last year’s 1.63%.
Suncorp pivots to pure-play P&C insurance after divestments
Its FY 2024 P&C segment bagged $800m in net earnings.
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.
