insurance
Over half of Australians open to switching health insurers for perks
Over half of Australians open to switching health insurers for perks
Other popular incentives included bonus frequent flyer points.
Aon urges insurers to consider client readiness in cyber cover
It found that cyber events with PR fallout cut value by 27%.
IRDAI directs insurers to expedite Air India Flight 171 claims
Settlement is to be made directly to nominees listed in policies.
Vietnam expands social insurance to cover household business owners
The minimum monthly contribution stands at $22.42.
Philippine pre-need premiums grow 4.4% in early 2025
Total premium income also grew by 4.41% to $105m.
China leads Asia telematics growth with insurer tech adoption
Global expansion is driven by the increased adoption of usage-based insurance.
Fitch expects China United Property Insurance to maintain stable underwriting in 2025
But increased allocation to risky assets may threaten capital and earnings.
Chubb Life opens Hong Kong wealth hub for high-net-worth clients
Chinese visitors alone spent $8b on life, critical illness, and medical policies in 2024.
Taiwan non-life premiums rise on tighter underwriting discipline
Motor insurance remained the largest segment.
Erajaya Digital debuts repair and cyber alert service with bolttech
The programme includes repair coverage for physical damage.
Air India crash raises pressure on global aviation reinsurers
Claims from this single event could potentially exceed the entire annual premium.
Tokio Marine sets global AI governance policy with oversight rules
Key provisions ensure AI decisions remain subject to human judgment.
Sing Re secures IFSCA nod to launch GIFT City reinsurance unit
Sing Re will offer treaty and facultative reinsurance solutions.
South Korean insurers Q1 2025 net income contracts 15.8% YoY
Both its life and general insurance sectors recorded declines.
GIAJ enhances compliance support with new rules and seminars after leaks
It also announced the formulation of whistleblowing mechanisms.
Aon appoints new head of Client Services
Soh brings over 19 years.
Ping An ranks fifth amongst Chinese firms on list
Ping An reported $158b in revenue.
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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.
