insurance
VPIS posts steady 4.0% return-on-equity over five years
AM Best also assessed its operating performance as adequate.
VPIS posts steady 4.0% return-on-equity over five years
AM Best also assessed its operating performance as adequate.
National Insurance Trust Fund Board’s gross premiums surge this year
However, Fitch Ratings sees risk-management weaknesses in the insurer.
Global NatCat drive $61b in insured losses in H1 2024
The region accounted for 6% of the total.
60% of Indian policyholders caught in subscription traps
The Central Consumer Protection Authority (CCPA) identified 13 types of dark patterns.
Income Insurance targets to fill billion-dollar financing gap in climate transition
The region skimmed its carbon intensity by 2.8%, far below the 17.2% needed.
Philippine agri secretary calls for modernisation of crop insurance
It hopes to adopt advanced models used in countries like Japan and Vietnam.
PIAM backs new motor vehicle smash repair standards
The standard was approved by the Minister of Investment, Trade and Industry Malaysia.
S. Korea’s virtual asset user protection act set to launch
The law aims to establish a secure framework.
Flood risks, infrastructure concerns increase globally
Japan and Taiwan’s notable earthquakes prompted better seismic risk assessments.
Australia's insurance market bolstered by strong regulation
Fitch finds Australia’s insurance market technically sophisticated.
Hong Kong’s cyber incidents call for robust protection
Last year alone 7,752 security incidents were recorded.
Insurance sector sees 25% decline in cyber attacks in Q2 2024
Across all industries, the region experienced a 23% rise in attacks.
Minimum benefit standards are the new normal: Aon
Life insurance is now a minimum benefit that businesses offer.
New Zealand’s insurers maintain strong solvency under strict regulations
Demand for non-life insurance is driven by exposure to natural hazards.
APRIL Int’l collaborates with Indonesian insurtech broker
Clients in Indonesia can choose from two coverage options.
FundPark, HKECIC bare pioneering effort for insured growth for Hong Kong SMEs
Their partnership integrated data analytics and credit insurance to aid and protect small-scale business operations.
Allianz plans to acquire majority stake in Income Insurance for $1.64b
This is also equivalent to a 51% majority stake in the SG-based insurer.
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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.
