insurance
SCOR logs $191.45m in Q1'24 driven by robust P&C segment
Business segments had mixed results during the period.
Swiss Re's innovation drive targets Southeast Asia
Select entrepreneurs will participate in a 6-month programme starting in Jan. 2025.
AIG sells 20% stake in Corebridge to Nippon Life
AIG will keep its 9.9% share in Corebridge for two years.
Australia calls for road data sharing initiatives
The campaign is supported by 18 nat’l organisations, including insurers.
Singapore passes key cybersecurity amendment bill to combat risks
The amendments will extend its scope beyond critical information.
Reinsurance risks increase at Tokio Marine Indonesia
As a small non-life insurer in Indonesia, TMI holds a 2.1% market share.
China strengthens reserves for critical illness policies
Jefferies says looming concerns could dampen profitability.
India's life insurance market to grow 10% annually
The industry is projected to reach $216.1b by 2028.
Swiss Re realigns business units after Ojeisekhoba’s departure
Ivan Gonzalez will soon be CEO of Corporate Solutions.
Zurich Insurance P&C revenue up 12% in Q1’24
Farmers Management Services (FMS) achieved a 6% growth.
Swiss Re posts $1.1b net income in Q1’24
Insurance revenue reached $11.5b.
Claims management key to insurance profitability – KPMG
Traditional claims functions must now evolve to incorporate advanced technologies.
Australia’s disability insurance programme to receive more gov’t support
The government is investing an additional AU$227.6m.
MS Reinsurance boosts board of directors with new appointments
Fukuda and Ellenbürger’s roles are effective 24 April.
India’s private insurers outperform with tech edge
The market share of the top 10 insurers fell to 71.2% last year.
Thailand focuses on industry transparency standards
In the past year, the association was able to achieve four missions.
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.
