insurance
P&C reinsurers post strong Q1 underwriting income
The average combined ratio for the selected reinsurers was 84.2% in Q1.
P&C reinsurers post strong Q1 underwriting income
The average combined ratio for the selected reinsurers was 84.2% in Q1.
Marsh McLennan reports 6% YoY revenue rise in Q2 2024
Asia Pacific’s underlying revenue climbed 70% YoY.
South Korean MG Non-Life Insurance sale fails again
This was its third attempt.
Bowtie, Merck partner for Hong Kong fertility subsidies
Over two-thirds of respondents feel work pressure affects their desire to have children.
Agile appoints new compliance chief in Sydney
He has over two decades of experience in the insurance sector.
AIA Malaysia tops MDRT rankings for 8th year
Thanks to its Premier Advisors model, it said.
Deal boosts Allianz to top ranks in Singapore’s market
Allianz’s Solvency II ratio is expected to reach 203% in Q1 2024.
Hyundai Marine & Fire maintains strong balance sheet
It had a 7.8% return-on-equity ratio and a 96.0% combined ratio for 2023.
Insurance patents for clean energy, carbon capture surge
Patents for clean energy insurance rose from 1,537 in 2014 to 3,004 in 2023.
GIC Re’s underwriting losses widen by 71.1% YoY for end-March
Its combined ratio increased to 111.82%.
Advanced markets to drive half of new insurance premiums by 2034
Advanced APAC is expected to see strong growth in the life sector.
Taiwan to repatriate $921b for strategic investments
It aims to boost strategic sectors with overseas insurance funds.
S. Korea’s same-sex couples eligible for health insurance
“Love has won again,” said So Seong-wook, a plaintiff.
Manulife boosts Asia team with two senior appointments
Both their roles will be effective on 19 August.
Global insured losses hit $58b in H1 2024
Natural catastrophes resulted in over 6,000 fatalities, the lowest since 2020.
South Korea's FSC greenlights financial recovery strategies
The resolution plans are composed by the Korea Deposit Insurance Corporation.
QBE Insurance unveils global cyber policy for broader protection
The coverage will be offered in five APAC markets.
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1. bolttech secures $50m venture debt from HSBC, expands market 2. Prudential launches AI lab in Singapore 3. Life insurance premiums forecast to grow by 3% yearly until 2026 4. Manulife enters into $5.4b reinsurance agreement with Reinsurance Group of America 5. APAC emerges as leader in renewables insuranceResource 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.
