insurance
China life insurers faced narrowing margins in 2023
Under C-ROSS phase 2 insurers are expected to exercise caution with investments.
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.
China enhances online property insurance regulations
It will also restrict companies expanding to other services online.
Max Life's profit jumps 46% YoY in Q1 FY25
Embedded Value also grew by 30% YoY.
Sompo Thailand unveils new CEO
He has more than two decades of experience in the industry.
Canopius profits surge 53% in H1 2024
Insurance contract written premiums also climbed 23% YoY.
Coface’s H1 2024 net income climbs 10% YoY
This was equivalent to $156.5m in earnings for the period.
Robust capital aids premium growth in China
Companies with higher IFS Ratings typically exhibit more stability.
Nippon Life sees benefits from rising rates, market diversity
Revenue and profit for FY 2024 are projected to decline.
Qoala boosts leadership to expand regional presence
It is also launching its second Employee Stock Option Plan (ESOP).
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.
