insurance
SG’s finance and insurance industry expands 6.5% in Q1’24
Insurance was one of the economy’s growth drivers in the quarter,
SG’s finance and insurance industry expands 6.5% in Q1’24
Insurance was one of the economy’s growth drivers in the quarter,
Allianz APAC posts 13% revenue rise in Q1'24
The region also saw significant growth in volume in its P&C business.
Hong Kong imposes 14-year license ban on ex-Prudential agent
The agent scammed policyholders to transfer RMB2.35m into his bank account.
FWD boosts AI capabilities via AWS cloud
As of 2023, FWD's cloud migration reaches 97% completion.
Thailand could see $27b in total premiums this year – Baker McKenzie
The Land of Smiles braces for high electric vehicle adoption.
Allianz Commercial pegs SEA as global hotspot for maritime losses in 2023
This region saw over 184 total losses in the past decade.
ICA amplifies fight against insurance scams with new function
In 2023, it saw AU$560m cases of opportunistic insurance fraud.
Sompo forecasts $1.47b net income for FY’25
Its FY’24 net income significantly grew compared to the previous year.
Japan pays $610b claims from severe rain last year
This included heavy rainfall “Baiu” and Typhoon Mawar.
Forrester unveils guide to combat 78% breach rate amongst firms
Recently, the cyber insurance market has seen rising premiums.
Pet insurance market set to reach $40.2b by 2033
In the region, China and India have the largest pet population.
Chinese insurers deem it wise to move to alternative investments
Analysts see new regulations driving a conservative shift as insurers seek stability amidst volatile markets.
Tokio Marine targets EPS growth of 8% by 2026 in new plan
Its new mid-term plan aims to counter risks and boost control.
Nomura lifts target prices for Chinese insurers to 12%
The adjustment follows a 100 basis point reduction in its risk discount rate.
Generali’s GWP surges 21.4% YoY in Q1’24
This growth was driven by both its life and P&C businesses.
Usage-based insurance to propel with a CAGR of 27.6% by 2030
The market is projected to reach $64.29b
Zurich, AEON target gap in Takaful market
The partnership aims to integrate fintech with Islamic finance.
Thought Leadership Centre
Most Read
1. Aon to acquire Mitsubishi Chemical Group’s insurance agency 2. Singapore’s life insurance slated for $43b premiums in 2029 3. MAS updates rules on life insurance product launches 4. APAC emerges as leader in renewables insurance 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.
