insurance
HKIA supports budget initiatives for insurance sector
HKIA supports budget initiatives for insurance sector
Yiu highlighted the extension of the Pilot Insurance-linked Securities Grant Scheme.
Rising litigation costs pressure casualty reinsurers on reserves
Social inflation remains a key driver of casualty loss trends, an analyst said.
QBE Asia names CEO for new role
He is currently CEO of QBE Singapore.
Critical illness insurance market to hit $295b by 2032
The region is likely to see significant expansion, driven by population growth.
Airline insurance market to stay soft in early 2025: WTW
Excess capacity drove rates downward throughout the year despite efforts to tame this.
Digit Insurance launches AQI-based policy for Delhi workers
Claims are triggered if the Air Quality Index surpasses 400 more than twice.
What challenges Asian women's financial readiness?
Healthcare costs are a significant barrier to financial security.
How financially prepared are Gen Alpha parents in Hong Kong?
Only 33% have concrete financial plans, whilst 18% have not started planning at all.
Pension assets hit $58.5t, up 4.9% in 2024
Australia eyes second-largest pension market spot by 2030.
Travel insurance woes rise amongst New Zealanders amidst global tensions
Prompting 73% of individuals to take out insurance.
Asei battles weak underwriting, high reserves in 2024: Fitch Ratings
Underwriting performance deteriorated, with combined ratio surging to 187% in ‘24.
Thai insurers tighten underwriting for flood-prone areas
Political uncertainty is also limiting near-term growth.
Great Eastern reduces stake in Boost Holdings
This was a result of an increase in BHSB's issued and paid-up share capital.
Cyber insurance expansion challenged by exposure limits
Industry insiders cited risk assessment as the biggest concern.
InsuranceDekho boosts agent network by 92% in 2024
It also aims to expand its footprint to six lakh villages.
Tokio Marine & Nichido Fire underwriting profits to improve amidst rate hikes
Fitch expects premium rate increases to continue driving better underwriting results.
Great Eastern’s FY 2024 earnings surge 30% YoY
EPS was at S$2.10.
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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