insurance
Australia’s mortgage insurance sector developed, transparent: Fitch Ratings
Sector faces growing challenges due to the gov’t’s first-home buyer deposit scheme.
Australia’s mortgage insurance sector developed, transparent: Fitch Ratings
Sector faces growing challenges due to the gov’t’s first-home buyer deposit scheme.
Chubb appoints Howell as head of general insurance for Australia, NZ
He will report to Marcos Gunn, regional president of APAC.
Airline insurers enjoy favourable Q2, thanks to capacity
Notable incidents in Q2 2024 were Korean Air and Singapore Airlines.
Ping An’s convertible bond aims for 5% return on proceeds
Proceeds will be used to support initiatives in healthcare and eldercare.
Income Insurance continues talks with Allianz
It announced its interest in a transaction last 14 June.
Tokio Marine Kiln unveils political risk coverage with Kita
This makes the insurer amongst the first to offer this type of policy on the Lloyd’s market.
QBE sharpens focus on claims support in Australia
Key initiatives include addressing delays, communication, and risk management.
India considers major reforms to 1938 Insurance Act
The bill amendments could potentially let insurers enter the banking industry.
HDI Global SE to buy 7 million more Vietnamese insurer’s shares
In 2021, the IFC and its funds acquired a 6.29% stake in PVI from HDI.
Bangkok Insurance maintains a stable outlook through 2026
It is also expected to maintain a combined ratio of 85% to 90%.
Prudential braces for significant H1 2024 market headwinds
The group expects a 32.1% margin.
India’s life insurance industry sees 20.2% YoY APE growth in June
CareEdge foresees medium-term outlook to remain positive.
Tokio Marine reports potential data leak of 63,200 policyholders
It affected three other companies.
China absorbs $13b loss in natural disasters in H1 2024
The government has allocated $570m for disaster management this year.
AIA teams with BlackRock, BNY for scalable investment ecosystem
It will use BlackRock’s Aladdin technology with BNY’s data management.
Health insurance essential, but too much can rack up prices: MOH
With rising claims, insurers are barely profiting from health insurance.
Great Eastern halts trading of its shares in SGX
This follows OCBC's increased shareholding in the 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.
