insurance
Suncorp pivots to insurance industry after approval of bank sale
Post-acquisition, Suncorp aims to prioritise insurance needs.
Suncorp pivots to insurance industry after approval of bank sale
Post-acquisition, Suncorp aims to prioritise insurance needs.
WTW urges APAC banks to consider non-payment insurance
Uncertainties like the Chinese real estate crisis call for effective credit risk management.
Asuransi Sinar Mas maintains satisfactory capital for expansion
The non-life insurer accounts for 9% of the total market share in GWP in 2023.
Indian bank launches new low-cost accident insurance
The coverage also has additional benefits such as free health consultations.
International group sets stage for ICS implementation
The IAIS will begin developing an ICS execution evaluation methodology in 2025.
FWD maintains stable VNB margin at 60.2%
Its value of new business (VNB) grew by 21.9% in 2023.
GIAJ admits gap between practices and public expectations
It unveiled its initiatives to rebuild the trust of its customers.
Hong Kong begins risk-based capital regime for insurers
This follows the enactment of the Insurance (Amendment) Ordinance 2023.
IAG caps natural perils costs at $1.3b
It also said it is on track to report FY24 profit and margin at the upper end of the guidance ranges.
HKIA finds firms adhere to new premium financing rule
However, the inspection also identified several areas needing improvement.
F&B industry underinsured against business interruption
29% said they are covered for property damage from extreme weather only.
2.6 million Australians don’t have health insurance
Meanwhile, general insurance gained more traction due to increased awareness.
Japan's auto insurance premiums set to rise in 2026
A rating organisation intends to raise its reference premium rates by an average of 5.7%.
Malaysia's general insurance to grow at 7.8% CAGR by 2028
The industry could see $5.0b in direct written premiums this year.
What five challenges do companies face transitioning to captives?
Only 5% to 6% of global captives are headquartered in the region.
Igloo tells 3 strategies to captivate Gen Z in Southeast Asia
40% of Gen Z are worried about making poor financial choices.
Tokio Marine opens new financial advisory arm in Singapore
The life insurer aims to offer a more integrated financial service experience.
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Most Read
1. Manulife enters into $5.4b reinsurance agreement with Reinsurance Group of America 2. Singapore’s life insurance slated for $43b premiums in 2029 3. APAC emerges as leader in renewables insurance 4. Rising healthcare costs drive growth in Indian insurance: McKinsey 5. MAS updates rules on life insurance product launchesResource 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.
