insurance
Singapore general insurance increases 6.3% YoY in 2024
Singapore general insurance increases 6.3% YoY in 2024
Underwriting profit also rose by 5.6% YoY.
India non-life insurers face impact from 1/n rule transition: CareEdge
Despite decline, experts predict premiums for to exceed Rs3 lakh.
Commercial insurance market to reach $1.87t by 2032
APAC is the fastest-growing market, fueled by rapid industrialisation.
Cost drives D&O insurance choices despite rising litigation worries
AI was ranked least amongst their worries.
Prudential Hong Kong introduces ophthalmology direct billing at EKMC
EKMC is the first full-block ambulatory medical centre under HKBH.
Bajaj Allianz launches exclusive insurance for women
The plan covers critical illnesses, maternal and reproductive health, and wellness.
This week in insurance: Philippines to expand coverage for OFWS, Allianz sells stake in 2 Indian units, Manulife Asia gets new CEO
Financial security and coverage seems to lack amongst business leaders and mothers.
APRA says two new rules to boost insurer accountability
APRA also called for greater transparency in claims processes.
FSC approves Samsung Fire & Marine integration under Samsung Life: Report
Insurers holding more than 15% shares must integrate the company as a subsidiary.
Cyber ILS market grows as insurers seek alternative risk transfers
Cyber insurance demand is seen to reach $23b by next year.
Motor theft claims surge 96% to $270m in Australia over nine years
Theft claim frequency also rose sharply in Queensland and metro Victoria.
Private insurers offset LIC premium drop amidst policy changes
The decline was driven by adjustments to the sum assured and commissions.
Chubb Life rolls out insurance covering ICU stays under critical illness
The plan offers coverage for 144 illnesses and four payment options.
Travel insurance market to reach $86.39b globally by 2030
Demand is also driven do to rising popularity of adventure and sports tourism.
SME insurance market to reach $39b globally by 2032
The region holds the largets market share.
Prudential, Vama Sundari Investments to establish health insurance firm in India
Prudential Group Holdings will hold a 70% stake in the joint venture.
Sun Life veteran named CFO for Asian operations
He has been interim CFO since September last year.
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1. Manulife unveils IUL product tied to S&P 500 returns 2. Australian firms expect financial crime surge in 2025 3. LIA Singapore appoints Wong as president with new 2025 goals 4. Prudential Singapore launches Wealth Suite for high net worth clients 5. Singapore launches online tool for health insurance planningResource Center
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