insurance
Global insurance rates fall 4% in Q2 2025 on competition gains
All regions reported year-on-year rate reductions.
Auto insurance market to reach $2.27t by 2032
Asia-Pacific is forecast to be the fastest-growing region through 2032.
How will Malaysia’s general insurance market perform in 2025?
Pressures like new reciprocal tariffs from the US could impact future growth.
Chubb posts 33% Q2 2025 profit surge as income hits $3b
Regionally, premiums rose 12.7% in Asia.
Mainland Chinese deposits surge as Hong Kong insurers gain
End-2024, Hong Kong’s MCV insurance market reached HK$62.5b (US$8b).
Zurich Insurance unveils lead broker relations, business development in Singapore
He will be responsible for boosting broker and client relationships.
APAC to lead medical liability insurance market with 14.1% CAGR
Globally, the market was valued at $12.5b in 2021.
Australia’s general insurance market to reach $93.9b by 2029
In 2025, the market is expected to reach $68b.
Annuity insurance market to grow 4% annually, reaching $1.5t by 2032
But high cost of annuities and other constraints hinder market growth to some extent.
Only 4% of insurers fully trust AI agents despite growing interest
42% of insurers have yet to develop a formal strategy for deploying AI agents.
Guy Carpenter names Hakes global head of Marine, Energy and Technical Lines
He has over two decades of experience in the industry.
Globally insured losses highest since 2011
But the total global economic losses stood at $151b, lowest since H1 2021.
Prudential’s Hong Kong insurance business still key despite India buzz
India contributed only 3% of fiscal year 2024.
Marsh McLennan posts $1.2b profit in Q2 2025
For the first half of 2025, net income for the period was $2.6b.
Cargo insurance market to grow 4.2% through 2029
The market is expected to bag $70b.
McKinsey sees AI transforming underwriting and claims work
AI is expected to handle nearly all customer onboarding and policy processes.
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AI isn’t replacing insurance, it’s finally making it work