Life insurance
Vietnam's life insurance goals may miss 2025 targets
Vietnam's life insurance goals may miss 2025 targets
The government had set goals for 15% of the population to hold life insurance.
SBI Life Insurance 9M 2024 profit catapults 48% YoY
Annualised premium equivalent also jumped by 11% YoY.
HSBC Life records 19.5% share in industry premiums for 9M 2024
The CEO attributed the growth to its HNW business.
Singapore's life insurers eye growth in 2025
The push for innovative healthcare solutions amidst medical inflation is a challenge.
Hong Kong insurance premiums surge 12.2% in 9M 2024
The period already shows signs of a rebound from the 1.1% fall in 2023.
India's life insurance annual premium equivalent drops 2.3% in December
This was in contrast to the 13.6% YoY increase in December the previous year.
Australia’s life insurers top global data readiness
Worldwide, data readiness was the primary obstacle to maximising AI.
Capital adequacy ratio of S. Korean insurers increased end-September ‘24
When transitional measures were excluded, the ratio stood at 202.7%.
Cambodia’s November gross premiums jump 11% YoY
However, number of policies for the general insurance market fell.
India’s life insurance sector bound for 6.9% annual growth: Swiss Re
Total premium volumes predicted to increase by an average of 7.3%.
Manulife’s new single-premium policy offers annual yield of 4%
The policy is available for a minimum premium of $3,650.
India’s insurance penetration slumps to 3.7% in FY 23-24
Insurance density in India rose slightly, from $92 in FY 22-23 to $95 in FY 23-24.
Dai-ichi Life financial leverage to remain below 23%
The planned bonds are expected to have a call option after 10 years.
Kotak Life launches AI-powered HR assistant
Its chief human resources said it aims to modernise HR services.
Japan’s major life insurers snatch 46% YoY profit surge
Similarly, core business profits also increased by 16.2% YoY.
South Korean insurers bag $80b in premiums for H1 2024
Net income of all insurers for H1 2024 amounted to $6.49b.
HSBC Life Singapore names new chief agency development officer
He previously served as CEO of Infinitum Financial Advisory.
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
