insurance
Cyber insurance market grows 7% to $15b in 2024
Cyber insurance market grows 7% to $15b in 2024
Despite softer demand and rising competition, the sector remained profitable.
bolttech and Harmony Auto launch EV insurance for BYD in Indonesia
It supports Indonesia’s goal of putting 2 million electric cars on the road by 2030.
WTW, Sompo form global partnership on Radar pricing rollout
The Japanese company said it allows them to revise premiums faster.
Prudential Singapore debuts lifetime plan with wealth transfer
Customers can choose from three indices.
Tata AIA launches Shubh Maha Life with flexible retirement cover
The plan offers higher life cover during working years.
China Life Insurance outlook lifted as CGS raises forecasts
CGS International expects NBV margins to improve.
Canopius Group appoints Ray Wong as APAC energy underwriter
Wong will be based in Singapore and report to Johnny Kim.
Zurich Insurance set to sustain strong earnings despite pressures
It achieved its 2023 to 2025 targets early and set new goals through 2027.
Philippines HMOs lift healthcare benefits 20% in first half 2025
The industry’s net income surged 131.12% to $0.03b.
South Korea’s general insurance sector bound for 3.8% CAGR through 2029
Motor insurance will account for 58.7% of direct written premium (DWP) in 2025.
Sompo Japan launches methane detection service with partners
JGC will offer on-site and drone-based measurements.
Aon boosts insurer communication with platform for catastrophes
It provides real-time loss estimates through Impact Forecasting’s Automated Event Response.
Tokio Marine Kiln appoints Phoebe Liew as special risks underwriter
Liew joins from Texel in Singapore.
Singapore strengthens marine insurance with new digital platform
It will also expand marine insurance education and internships to grow local talent.
Swiss Re predicts higher claims with peak catastrophe year
AI is also set to play a bigger role for underwriting.
How did the P&C insurance market double in size in 20 years?
Swiss Re projects premiums will grow in line with GDP over the next decade.
CGS International expects Prudential to post strong growth by 2027
The insurer targets $3.4b to $4.2b in new business profit by 2027.
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1. Hong Kong regulator guts insurance referral fees with 50% cap 2. Can China’s $140b motor insurance market survive a 70% loss ratio? 3. PNB MetLife launches dividend fund linked to insurance 4. Taiwan life insurers face rising risk in $32b FX mismatch 5. India set to outpace China, US in premiums by 2030Resource Center
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
