insurance
Insurers adapt to EV demands with specialised risk products
Insurers adapt to EV demands with specialised risk products
EV insurance is estimated to surge $687.62b by 2029.
Declining yields pose risks to China's insurance sector
In late 2023, regulators eased some C-ROSS rules, prompting insurers to raise capital via perpetual bond issuance.
Overseas ventures of South Korean insurers post mixed results in FY’23
Insurers have operated 41 overseas businesses in 11 countries as of yearend.
New Zealand supports comprehensive reform of insurance legislation
The ICNZ also pledges to collaborate with the government and regulators.
Prosper Health joins AXA to strengthen healthcare in China
AXA customers gain access to medical facilities across 296 cities in China.
Sun Life unveils new ESG-focused critical illness plan
The plan covers 188 illnesses and 38 complex surgeries.
HKIA welcomes World Bank’s second Cat bond, worth $150m
It will offer coverage against storm risks in Jamaica.
Triple P Capital acquires 85% stake in MAAGAP
The investing group aims to boost its presence in the Philippines.
Philippines' microinsurance premiums jump to $240m in 2023
The year saw 56.62 million Filipinos covered under microinsurance policies.
Hang Seng upgrades annuity plan
Only 22% of professionals felt confident about their retirement funds.
Chubb, Maryland to discuss $350m compensation deal: Report
Analysts anticipate total insurer payouts could reach $4b.
Microinsurance sees $41.4b market potential
71.5% of APAC received insurance for property or loss-of-income.
Insurance incentives sweeten EV deal for consumers
Tax incentives and the introduction of charging stations are boosting the EV market.
How are Insurance-Linked Investments profitable?
Schroders says ILS is primarily driven by natural events rather than corporate factors.
Peak Re reports ‘best-ever’ earnings with $200m in FY’23
Favourable January renewals are seen to sustain strong underwriting margins.
AIA boosts buyback, targets 75% payout in 2024
AIA is expected to maintain robust risk management practices, S&P Global says.
NZ general insurance GWP to grow 7.3% annually
The industry is seen to climb 8.3% in 2024.
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Banks can respond by moving toward a hybrid advisory model.
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