insurance
Insurance companies risk missing $160b without AI scale
Insurance companies risk missing $160b without AI scale
Those who successfully deploy AI invest about 30% more in AI capabilities than peers.
Travel insurers cut benefits for seniors and children in Hong Kong
Premiums ranged from $145 to $509 for a 7-day trip in Asia.
India’s insurance penetration rises to 41% on public schemes growth
India’s healthcare and hospital sector is moving to aggressive expansion.
Japan’s top P&C insurers post double-digit profit growth in fiscal 2024
Domestic net premiums written also grew across all three insurers.
Australian insurers report $6.1b profit on benign hazard period: KPMG
Profits before investment income and after taxes were $3.1b.
Marsh McLennan posts 1.4% dip in net income for Q1 2025
It’s APAC segment bagged $335m in revenues.
ICICI Lombard earnings surge 30% YoY in FY 2025
Gross written premiums for FY 2025 also climbed 10.4%.
Willis selects Anant Pawar to lead aviation insurance in India
He brings over 27 years of experience in the insurance and reinsurance industry.
Chubb assigns Janene Blizzard to oversee A&H portfolios in APAC
Blizzard joined Chubb in 2008.
How will New Zealand’s life insurance sector perform in 2025?
GlobalData expects the market to reach $3.8b in gross written premiums.
MSIG Insurance inaugurates assisted living cover for personal accident holders
This benefit was previously available only through life insurance.
Embedded insurance emerges as fastest-growing distribution channel
Nearly a third of professionals favour it over direct-to-consumer models.
Global protection gap narrows to 36%, lowest Q1 figure since 1990
Earthquakes in Myanmar and China were drivers of insured losses from disasters.
Regional disaster insurance pools sign $5.4m collaboration agreement
The grant will be used to build a joint learning network.
Philippines expands allowable investments for regulated insurers
It introduces investment types like debt securities by supranational organisations.
Markel announces acquisition of marine insurance specialist MECO Group
Markel plans to leverage MECO’s presence in APAC.
Insurers and pensions fill infrastructure lending gap: AllianzGI
The volume of debt being taken up by institutional investors has steadily grown.
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AI isn’t replacing insurance, it’s finally making it work