Life insurance
China life premiums rise 1% as non-life sector grows 5% in 2025
China life premiums rise 1% as non-life sector grows 5% in 2025
Life insurers are moving towards participating products with lower guaranteed returns.
Shin Kong Life to boost earnings with Taishin Life merger by 2025
The insurer’s risk-based capital ratio rose to 221% in 2024.
Hanwha Life to maintain strong capital and stable earnings
Earnings outlook is stable, backed by $6.6b in accumulated CSM.
LIC fast-tracks claim payouts for Air India Flight 171 victims
The insurer has introduced concessions to ease the claims process.
IRDAI directs insurers to expedite Air India Flight 171 claims
Settlement is to be made directly to nominees listed in policies.
Chubb Life opens Hong Kong wealth hub for high-net-worth clients
Chinese visitors alone spent $8b on life, critical illness, and medical policies in 2024.
South Korean insurers Q1 2025 net income contracts 15.8% YoY
Both its life and general insurance sectors recorded declines.
Japanese life insurers pursue overseas deals as domestic growth slows
Insurers are expected to keep issuing hybrid capital to preserve credit quality.
Singlife offers funeral coverage of up to $9,000 via app
Funeral expenses in the Philippines often exceed $3,600.
India life insurers post steady May growth despite policy volume drop
Annual Premium Equivalent by 14.4%.
Dai-ichi Life, Capgemini set up tech centre to support global IT
Dai-ichi Life aims to eventually bring operations in-house.
Generali Hong Kong bets on short-pay model in competitive life market
The plan is designed to support both wealth accumulation and legacy planning.
Kyobo Life outlook stays stable with solid capital and profitability
Moody’s expects profitability to remain stable over the next 12 to 18 months.
APRA, ASIC flag early gains in life insurance disclosure reforms
Efforts to reduce premium volatility through product design remain in early stages.
Japanese life insurers increase US exposure for stable returns
Fitch expects the share of overseas business from North America to grow steadily.
Pinnacle Life gains stable outlook on strong capital position
Operating performance is forecast to remain adequate.
Asia’s insurance markets grow in 2024 on life, health gains
China led Asia’s life insurance recovery.
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