Life insurance

Taikang Life to maintain strong market position, profitability

As of end-March, its comprehensive and core solvency ratios improved to 276% and 165%.

Australian insurance sector combats inflation with premium hikes

Its life insurance premiums are seen to grow ~3% in 2024 and 2025 modestly.

Cathay Life's capitalisation robust ahead of 2026 standards

The insurer holds a 21.3% market share of premiums in 2023,

CALI pushes for financial advice accessibility amidst rising costs

Only 8% of Australians consider taking financial advice for insurance.

Fubon Life maintains stable outlook: Fitch Ratings

The insurer could use overseas instruments as risk mitigation leverage.

Australian insurers remain resilient despite lower premium hikes: S&P

79% of rated Australian insurers have stable rating outlooks.

Indian life insurance market expands 12% YoY in May

The overall medium-term outlook remains positive.

Japan's life insurers see profit rise amidst lower claims

The industry is projected to deliver better core profits in FY2024.

Mitsui Sumitomo Insurance boasts strong capital base: AM Best

Thanks to its resilient capital base and strategic equity disposal plans.

Life insurance reaches new high in Hong Kong

This marked a 57% year-on-year in annualised new premiums.

Singlife cuts costs by $4m yearly with AWS integration

At least 70% of its staff earned at least one AWS certification.

How private equity will mould the region’s life insurance market

Asia saw $25b in private equity-backed reinsurance transactions in 2023.

Cathay Life gets to keep crown as leading insurer in Hong Kong: Moody’s

Cathay Life is forecasted to stay profitable in the next 12-18 months.

Fukoku Life posts record core profit in FY23

Despite a slight dip in premiums, its core profit accumulated $640m.