insurance
AXA, Marsh, Link introduce sustainability-linked insurance model
AXA, Marsh, Link introduce sustainability-linked insurance model
This is due to real estate and insurance industries facing rising risks from NatCat.
JMT, Igloo form joint venture for digital insurance
This marks Thailand’s first fully digital insurer.
Edge computing growth to enhance insurance sector: Allianz Commercial
It boosts the sector by automating workflows and enhances real-time data analysis.
Reinsurers enjoy favourable pricing at April 1 renewals across APAC
The relatively low NatCat losses in the region led reinsurers to deploy more capacity.
Sunshine Insurance net profit soars 45.8% in FY 2024
The group’s customer base reached 30.19 million last year.
Sri Lanka appoints experts from finance, law, and insurance to Commission
The appointments were made by President Anura Kumara Dissanayake.
Insurers may cover only 25% to 33% of disaster damages by 2030
Insurers also expect to gain up to 15% revenue rise from AI and tech boost.
Mitsui Sumitomo to invest $4b for 15% stake in W. R. Berkley
MSI expects to finalise the investment within the 2025.
MS Amlin opens Sydney office to expand APAC reinsurance business
Matt Botfield was appointed as head of Australia and New Zealand.
Prudential partners with Thomson Medical to expand IP specialist network
IP customers will have access to approximately 100 additional specialist doctors.
HKIA considers smoothing mechanism for insurance commissions structure
It also reported a 99.9% compliance rate with Continuing Professional Development (CPD) requirements.
1 in 5 HK execs rate financial crime compliance programmes effective
Key challenges include a lack of technology and investment.
Sun Hung Kai Properties Insurance keeps strong underwriting profitability
It also outperformed industry peers, AM Best notes.
Fitch expects Marein to sustain prudent investment practices
It held a 14% market share of Indonesia’s total reinsurance premiums end-2024.
HKIA sets 6% illustration rate cap on HKD policies
Caps apply only to internal rate of return used in benefit illustrations at the point of sale.
Myanmar quake shows urgent insurance need in Asia: Howden
Myanmar is considered to have a low insurance penetration rate.
Few Singapore SMEs have cyber insurance
They seek to ward off cyber threats but not through insurance.
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AI isn’t replacing insurance, it’s finally making it work