insurance
MS First Capital Insurance’s underwriting drives consistent profitability
MS First Capital Insurance’s underwriting drives consistent profitability
Shareholders’ equity, which reached $900m (S$1.2b) in 2023.
Construction Guarantee’s focus on public projects mitigates economic risks
CG's regulatory capital ratio improved to 225% in 2023.
Liability insurers adjust to spike in US nuclear verdicts
In 2023 alone, nuclear verdicts increased by over 27%.
Philippine’s premiums jump 14% in Q3 2024
It bagged $5.58b during the quarter.
NorthStandard raises premiums by 5% for 2025-2026
By mid-2024, NorthStandard recorded 14 large claims exceeding $1m.
Tokio Marine Holdings raises full-year net income forecast by $258m
Its first-half net income surged 77% YoY.
APAC’s insurance third-party administrator market to reach $515b by 2030
Globally, it is seen to reach $515b by 2030.
Only 20% of insurers assess tech risks fully
50% of CROs are already using early-warning KPIs to monitor risks.
Zurich Malaysia offers motorcycle insurance on Shopee
It includes add-ons like passenger liability, natural disaster protection, and strike coverage.
Insurance sector sees surge in patent filings for data analytics to 1,978
There are over 13,750 patents filed to date.
Fujitsu, SAP Fioneer launch cloud platform for insurers
It aims to help insurers modernise operations.
APAC insurers face tighter capital buffers
Some markets are not required to hold explicit capital against the illiquidity risk of private debt investments.
Asia leads in embedded insurance, set to reach $170b by 2030
70% of global losses between 2016 and 2023 from natural disasters are uninsured.
Mitsui, Argyle boost SME insurance in Australia
Argyle will provide a business insurance package with a combined limit of up to $7m.
IAIS sets global roadmap with 2025-2029 plan on resilience
Climate change, digital, and cyber are core themes for the coming years.
Tokio Marine partners with R-Cities on resilience finance
The initiative aims to address a growing protection gap.
Taiwan insurance sector profits rise to $9.8b, up 3.5% YoY in September
Both life and non-life sectors recorded double-digit growth.
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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