insurance
BFSI sector leads cyber insurance adoption at 35% to 40% share
BFSI sector leads cyber insurance adoption at 35% to 40% share
This was followed by the technology and IT sector at 30%.
Howden sees January premiums rise 4.5% on higher volumes
Premium growth was driven by increased demand for reinsurance.
Malaysia’s healthcare system faces funding, cost challenges
The report also highlighted the key factors contributing to the escalating healthcare costs.
CTF Life earns SBTi approval for its carbon reduction targets
It targets to reduce absolute Scope 1 and 2 GHG emissions by 37.8% by 2029.
Vietnam’s life insurance sector slated for dip this 2025
This follows consecutive contractions of 12% in 2023 and an estimated 5.7% in 2024
This week in insurance: Singapore's insurance sector sees market growth
The general insurance sector’s gross written premiums climb 6.3% YoY to $8.1b.
Pru Life UK’s NBAPE bags $167m
Total premium income rose to $819.4m.
Kita boosts underwriting capacity with $24m for carbon risks
It expanded its product offerings to include four insurance policies in the past four years.
LIA Singapore appoints Wong as president with new 2025 goals
She succeeds Dennis Tan.
Maybank Ageas core insurance entities expected to remain stable
Fitch notes MAHB’s exposure to Malaysian sovereign investments, but manageable.
Energas Insurance faces performance pressure amidst rising claims frequency
Its underwriting performance improved in the first nine months of 2024.
HDI Global revenue hits $11b milestone as EBIT rises 10% YoY
Earnings before interest and taxes (EBIT) climbed to $758m.
Cigna Healthcare appoints new APAC CEO
He previously served as Chief Financial Officer for the Asia Pacific region.
Specialist Risk Group launches Asia operations with Singapore office
The company plans to apply its UK and Ireland business model to the region.
Prudential Singapore launches Wealth Suite for high net worth clients
From 2023 to 2024, the insurer saw a 16% rise in its HNW customer base.
Allianz Trade appoints new Korea country manager
He joined Allianz Trade in 2015.
Asian construction insurers impose tighter catastrophe limits
And underwriting decisions rely heavily on detailed risk assessments, mitigation strategies.
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1. Remote job demand in Singapore insurance rises 15.3% 2. India insurance market sees moderating premium growth: Report 3. Tokio Marine Life, RHB launch guaranteed-acceptance plan for seniors 4. Manulife to sell MVI Life to Japan’s Asahi Life 5. Hong Kong reinsurers to absorb significant claims from Wang Fuk Court fireResource Center
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AI isn’t replacing insurance, it’s finally making it work