insurance
China's insurance premiums increase by 5.1% YoY
Year-to-date, the industry’s assets climbed 10.4%.
Geneva Association elects CEO of AIA as chairman
Three new board members represent Tokio Marine, BNP Paribas, and Achmea.
Korean insurers dominate overseas investment in real estate
Investments mounted to KRW $42.1b.
China’s pension system reels 60 million new individuals
Presently, 762 products are offered in the new pension system.
Mitsui Sumitomo Insurance boasts strong capital base: AM Best
Thanks to its resilient capital base and strategic equity disposal plans.
bolttech maintains a low investment risk profile: Fitch Ratings
Its local solvency ratio was 509% at the end of 2023.
Japanese life insurers to maintain strong credit in FY2025
Fitch Ratings expects insurers' capital adequacy to stay adequate.
German supermarket chain dips toes in Australia’s insurance market
It will offer car and home insurance.
8 in 10 Asians cite healthcare costs as top concern
Yet, 39% said they prioritise physical well-being more than finances.
FWD Group revives Hong Kong IPO plans: Report
The insurer could aim for a valuation of up to $9b in an IPO.
SEADRIF selects Gallagher Re as broker
Gallagher Re will provide SEADRIF products and business advise.
Chubb acquires Australian aviation insurer
The insurer hopes to broaden its reach in the aviation industry.
Life insurance reaches new high in Hong Kong
This marked a 57% year-on-year in annualised new premiums.
Tk.cn Insurance to sustain growth with Taikang backing
The insurer reported three consecutive years of positive net operating profits.
Sompo taps new chief investment officer
Thomas Leone will be coming from PartnerRe.
Insurers to expedite claims, IRDAI mandates senior liaisons
Insurers are advised to publicise contact details of liasons for better assistance.
Chubb synergises with three other Korean firms: Report
Chubb's general insurance subsidiary announced it will rename its brand.
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1. Singapore’s life insurance slated for $43b premiums in 2029 2. Manulife enters into $5.4b reinsurance agreement with Reinsurance Group of America 3. APAC emerges as leader in renewables insurance 4. MAS updates rules on life insurance product launches 5. Rising healthcare costs drive growth in Indian insurance: McKinseyResource 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.
