Life insurance
7 in 10 Gen Zs doubt health in old age
7 in 10 Gen Zs doubt health in old age
Prudential emphasised the role of financial planning to manage future healthcare costs.
Global insurance market to hit $28.5t by 2032
Technology advancements may be lucrative for market players.
Allianz General Malaysia Q3 revenue rises, motor segment expands
Total assets grew 7.8% YTD to $6.15b.
Singapore’s life insurance slated for $43b premiums in 2029
Due to the ageing population, health awareness, and consumer spending.
Only 14% of rich people prioritise life insurance despite awareness
41% of SEA saw potential family disputes from lack of a plan as top concern.
Global life risk protection grows at 2.7% annually
Demand for protection products shows less sensitivity to interest rate changes.
114 million Indonesians insured in H1 2024, up 28.4%
Bancassurance generated the highest premium income at $2.33b.
Life insurance premiums forecast to grow by 3% yearly until 2026
Global life insurance premiums are expected to rise to $4.8t by 2035.
Asia leads in embedded insurance, set to reach $170b by 2030
70% of global losses between 2016 and 2023 from natural disasters are uninsured.
Taiwan reports growth in foreign-currency insurance end-August
Traditional insurance products accounted for 84% of the total.
Taiwan life insurers see mixed Q3 2024 results
The FSC approved 240 spillover-effect insurance products from 15 life insurers.
Japan’s life insurance slated for 4.7% CAGR through 2029
The industry is forecasted to expand by 6.8% in 2024.
India's life insurance growth slows to 10.6% in October
The industry is expected to grow by 1% to 13% over the next three to five years.
Japanese life insurers' premium income doubles to ¥16t YoY
Assets of Japanese insurers also doubled to $2.56t.
Taiwan insurance sector profits rise to $9.8b, up 3.5% YoY in September
Both life and non-life sectors recorded double-digit growth.
ICCSC launches plan to boost insurance trust in Singapore
Trust indicator scores for general insurers were between 73 and 76.
Max Life to improve risk assessment with Swiss Re tech
It allows Max Life to leverage extensive health data from multiple sources.
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