Life insurance
Japanese life insurers' premium income doubles to $128b in September
Japanese life insurers' premium income doubles to $128b in September
Assets of Japanese insurers also doubled to $2.8t.
Australian insurers see revenue growth in the September quarter
Total assets totalled $174b during the period.
Chubb Life’s strong regulatory capital supports stability
Fitch expects it to continue prioritising regular-paid and protection-focused policies.
International Association of Insurance Supervisors sees stable 2025
Supervisors are implementing stress testing and contingency planning to mitigate risks.
Fitch expects continued capital adequacy for Japanese insurers
Weaker investor pressure has allowed insurers to build excess capital.
Muang Thai Life bags $4b in total new business premiums for 9M 2024
Despite increased acquisition spending, MTL’s topline declined year-on-year during.
Generali leaves Philippine market, InLife swoops 100% shares
The transaction is anticipated to close in H1 2025.
Taiwan insurers' profits jump 70.2% in October
Life insurance enterprises accounted for $9.50b of the total.
India’s GST cut may lower health, life insurance costs
Currently, an 18% GST is applied to premiums for health and life insurance.
MetLife appoints new head for insurance assets
O’Brien will oversee investment strategies for MetLife’s $414.1b general account.
Top 50 list shows worsening dip in Singapore’s insurance premiums
The thriving nonlife business offset life insurance’s poor showing in 2023.
Aussies three times more likely to insure cars than themselves: survey
Whilst almost 80% have car insurance, only one-third hold life insurance.
Shanta Life Insurance begins operations in Bangladesh
The country's insurance penetration remains low at 0.4%.
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.
AIA’s medical plan introduces first-in-market rewards system
The plan integrates Signature Healthcare Circle, concierge services, and personalised health programmes.
InLife’s retirement plan guarantees monthly payout
The plan also includes a life insurance component.
Cambodia’s life insurance policies doubled in October
The industry saw $25m in gross premiums for the month.
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