insurance
Hong Kong’s insurance sector could see 3% to 4% salary hikes in 2025
Hong Kong’s insurance sector could see 3% to 4% salary hikes in 2025
Hong Kong is expected to maintain steady hiring activity in 2025 despite sluggish economy.
New India Assurance works to tighten underwriting, risk controls
However, its balance sheet remains exposed to potential volatility.
AM Best forecasts steady earnings for Starr International Insurance
Whilst investment returns remain modest, they contribute stable income.
Howden Asia reels in new deputy CEO
His start date is subject to fulfilling his contractual obligations with current employer.
Vietnamese insurer cuts profit forecast after Typhoon Yagi
Bao Minh’s board proposed keeping its revenue target at $268m.
Lockton launches Global Parametric Insurance Practice
The parametric insurance market is set to reach $39.3b by 2032.
Lonpac expected to hold 7% of Malaysia's market
The company has demonstrated consistent capital growth over the past five years.
Huize plans expansion in Singapore, Philippines
Its Q3 2024 gross written premiums (GWP) reached an all-time high of $290m.
Asian Gen Z confident in finance skills, lag in insurance awareness
Gen Z is projected to make up at least 25% of the APAC population by 2025.
Japan P&I Club hikes premiums 7% for 2025
The decision comes as the association grapples with a high volume of claims.
PICL to sustain a strong capital level amidst growth: AM Best
However, long-duration policies in PICL's portfolio pose reserving risks.
Insurance could cushion a $14t economic loss from a pandemic scenario
The transportation sector will be significantly hit, which accounts for 10% of the global GDP.
Resolution Life acquisition could add $330m to Nippon Life's profit
Fitch views the transaction as credit-positive for Nippon Life.
Australia warns of spike in theft claims amidst holiday season
Half of Aussies said they planned for 4-day vacations, leaving homes vulnerable.
Zheshang Insurance capital position under pressure: Fitch Ratings
Fitch also highlighted concerns over the insurer’s higher asset and liquidity risks.
AIA maintains strong capital position in 2024: Fitch
Thanks to a coverage ratio of 262% under the local capital summation method.
Insurers alert to higher cyclone, flood risks in Australia
The threat of tropical cyclones remains high in northern Australia.
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