insurance
Fitch Ratings forecasts more insurance sector regulations
Fitch Ratings forecasts more insurance sector regulations
Mainly due to changing capital requirements.
Hong Kong underwriting flexibility rises amidst competition: Aon
Despite limited new business opportunities, the market continues to attract capacity.
P&I clubs face offset of gains by rising pool claims
AM Best also expects further rate adjustments in upcoming renewals.
Global insurance protection gap hits 60% amidst warming
Total economic losses exceeded $350b in 2024.
Dai-ichi Life maintains stable outlook: AM Best
The parent company saw its total reported capital rise by 46% YoY.
Asia-Pacific’s 2024 deal activity ‘sluggish’
The Ardonagh Group acquisition of PSC Insurance was the largest deal.
Well Link Life Insurance's investment yield aims for double digits
AM Best expects the company’s medium-term balance sheet to remain strong.
Igloo multiplies partnerships across SEA, new chief distribution offier
Sasitharan Krishnan has over 30 years of experience in insurance distribution.
A fourth of the insurance industry lacks AI-experienced talent
Other concerns include a lack of customer understanding.
Manulife Asia unit net income leaps to $2b in FY 2024
EPS ended at $2.84.
Vietnam state insurer app logs 38% insured users in digital shift
Nearly 2.5 million customer interactions were recorded last year.
Bima Trinity initiative to boost insurance industry: CareEdge
The industry’s growth can be attributed to retail health and motor.
Philippines life insurance rises whilst non-life declines in Q4 2024
Both sector’s total assets grew YoY.
China's insurance market sees rate decreases in Q4 2024
Mainly to retain business and secure program participation.
MS&AD net income doubles to $4.13b in 9M 2024
Thanks to higher ordinary profit, which surged 113.4% YoY.
Fund finance market grows, banks leverage non-payment insurance
Banks seeking capital relief may benefit from insuring fund finance exposures.
Life insurers in Japan to see earnings boost in 2025
Insurers are expanding overseas and non-insurance amidst demographic decline.
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Enterprisers struggle with cumbersome loan requirements and high collateral.
Commentary
The increasing number of affluent individuals in India and their evolving insurance needs