insurance
MSIG uses WhatsApp to streamline SME insurance process
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.
China life insurers faced narrowing margins in 2023
Under C-ROSS phase 2 insurers are expected to exercise caution with investments.
Sri Lanka to tighten capital requirements for insurers
The sector heavily relies on investment income, which challenges profitability.
Hanwha General should bolster its digital non-life subsidiary
HGI reported a consolidated ROE of 6.5% in 2023.
AIA to simplify policy language amidst customer feedback
Difficulty in understanding the terms is seen as the top reason.
Meiji Yasuda to keep premiums modest in FY 2024 with 1.5% YoY rise
Despite the challenges, Meiji Yasuda's credit quality remains robust.
Cyber insurance market set to reach $121b by 2032
APAC is expected to experience significant growth due to rising ransom attacks.
Emerging markets in Asia propel health reinsurance growth
In smaller SEA markets, reinsurers continue to support the growth of health insurance.
Etiqa named official fire insurer for HDB flats
Insurance premiums range from US$0.84 to US$5.07.
Over 3 million Australians lack adequate insurance coverage
Nearly 90% believe it is crucial to access financial support through their life.
Commentary
Why expanding embedded insurance is Asian telcos’ next differentiator