insurance
Sun Life posts P28.9b premium income in Philippines Q2 2025
The insurer said it retained its position as the country’s top life insurer.
Insurance fraud worldwide estimated to exceed $80b annually in 2025
Asia-Pacific reported a 22% year-on-year increase in fraudulent claims in 2023.
Malayan Insurance outlook stable as earnings supported by investment income
AM Best emphasised continued underwriting volatility from catastrophe and large loss events.
Howden appoints Chris Hughes as CEO of broking in New Zealand
He will report to Matt Bacon, CEO of Howden Pacific.
India’s non-life insurance premiums rise 2.4% in July 2024
The Bima Trinity initiative is expected to drive further sector growth.
APAC’s takaful insurance market to grow fastest with 18.4% CAGR by 2032
Globally, the market is projected to bag $126.8b by 2032.
This week in insurance: Bupa HK unveils Blua Health Pass; FWD HK new insurance plan; MS&AD $1.51b net income in Q1
Worldwide, the insurer’s revenue rose 8% on a currency-adjusted basis to $5.92b.
KDB Life reorganises third insurance portfolio to drive profitability growth
The initiative includes tighter profitability checks and a pre-alert system.
AIA Singapore posts 16% rise in new business value in H1 2025
Annualised new premium (ANP) rose 28% to $547m.
AM Best expects Malaysian Life Re performance to remain adequate in 2025
In 2024, Malaysian Life Re reported a negative insurance service result.
FWD Singapore rolls out indexed universal life plan under FWD Private
The product offers allocations between a Fixed Account, currently at 4.5% per annum.
ASIC renews retail cover exemption for wholesale insurance contracts
ASIC said the exemption reduces compliance costs.
AIA Singapore, Mount Alevernia collaborate for cost-efficient healthcare
The MoU builds on AIA Singapore’s healthcare initiatives rollout in 2024.
Asia’s reinsurers expand into mature global markets
AM Best’s Asia Reinsurance Composite posted higher net income in 2024.
ICIEC signs revised MOU with NEXI on blended finance
It aims to strengthen investment flows into ICIEC’s 50 member countries.
AIA net profit falls 23.5% in H1 2025
The insurer also reported a 14% YoY increase in value of new business.
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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.
