insurance
QBE, YAS debut pay-as-you-sell insurance for Hong Kong merchants
QBE, YAS debut pay-as-you-sell insurance for Hong Kong merchants
It is designed for HK-based merchants expanding in the US market.
Aon's APAC CEO to become Global Chief Commercial Officer
Corona has been with Aon for nearly 25 years.
MSIG, Silversky and Stere Asia partner for pet insurance offering
Silversky Protect is underwritten by MSIG.
HDI Global reveals new head of engineering
He also brings over two decades of corporate insurance experience.
IAG acquires 90% of RACQ Insurance in $855m deal
The deal is expected to add $1.3b to IAG’s gross written premiums.
Li-Ion battery reliance impact insurers heavily, geopolitical tensions possible
A Li-Ion factory in South Korea exploded and killed 22 people last year.
Samsung Fire's Q3 net profit rises 13.7% YoY
Meanwhile, insurance profit dipped 7.7% YoY.
China's insurance sector to hit $1.41t by 2032
The sector was valued at $688.8b last year.
Delegated underwriting authority enterprises benefit from excess and surplus
Investments in technology and talent have further fueled the segment’s expansion.
China's personal insurance sector to grow 5% to 10% annually
Pension and health products are expected to account for 50% of the market by 2035.
Philippines ends provisional insurance licenses
The commission wants to ensure that agents with regular licenses are allowed to sell.
Vietnam nears 2025 social insurance goals, projected 20 million participants
By 2024, health insurance participants is seen to reach 95 million.
Protection and indemnity combined ratio drops to 96% in 2023/24
The year was dominated by the Dali incident, which occurred in March.
Rising healthcare costs drive growth in Indian insurance: McKinsey
From FY 2020 to FY 2023, the industry saw a CAGR of 11%.
Zurich eyes to surpass 23% ROE in next three years
It also aims to achieve core EPS with a CAGR of over 9%.
Half of risk leaders confident in current strategy: WTW
23% of respondents said supply chain issues as a critical challenge.
Allianz Asia Pacific's business volume jumps 16%
The annualised premium (ANP) for Life/Health grew 14%.
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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