insurance
McKinsey finds insurers lagging peers miss out on AI-led gains
McKinsey finds insurers lagging peers miss out on AI-led gains
AI has led to 10% to 20% improvement in new-agent success.
Insurance advisory market to reach $20.4b by 2029
SMEs are a major growth driver, the report says.
WTW launches Captive Fit to optimise captive risk management
It is designed to manage reserve, premium, and investment risks.
Variable life insurance set to hit $149.7b market size by 2034
Asia-Pacific had the largest share in 2024.
Insurance industry eyes automation to control rising expenses: CB Insights
This could help slow premium increases and make coverage more accessible.
Asia-Pacific disability insurance market to grow 13.5% yearly
It will likely be driven by rising awareness of income protection products.
China’s non-motor insurers to gain from tighter commission rules
However, the move is expected to slow premium growth amongst small insurers.
Hong Kong life insurers’ revenue climbs 33.7% YoY in H1 2025
Total claims and benefits paid during the period stood at $25b.
CTF Life expands hospital network with 3 major Hong Kong partners
The hospital joined CTF Life’s PrimeChamp Doctor Network.
AXA Tianping Property & Casualty Insurance to return to profit by 2026
Gross premiums written are forecast to grow by 7% to 10% yearly through 2027.
MoneyHero boosts insurance reach with WhatsApp SaverBot
MoneyHero plans to expand its conversational AI to travel insurance.
BOCG Insurance expected to sustain strong growth and capital base
But it noted that its large holdings in associated companies add some risk.
Sompo and Collinson extend travel delay service across Asia
The service allows travellers to access over 1,800 airport lounges.
Allianz Commercial unveils new Board structure from January 2026
It also named Christian Sandric president for Asia-Pacific.
BOC Life new policy premiums rise 34% to $1.91b in H1 2025
The insurer’s renminbi insurance business recorded a market share exceeding 50%.
Swiss Re Life & Health to pause new business in Australia
The move comes amidst growing concern over rising TPD claims.
PDIC, Philippine central bank sign revised agreement to enhance bank oversight
The agency said this will give depositors “renewed assurance.”
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AI isn’t replacing insurance, it’s finally making it work