Life insurance
Hanwha Life strengthens leverage post-debt redemption
The insurer’s solvency capital ratio under K-ICS was 183.8% in 2023
Hanwha Life strengthens leverage post-debt redemption
The insurer’s solvency capital ratio under K-ICS was 183.8% in 2023
Singlife unveils life insurance plan without lifelong premium commitment
It offers a coverage plan until the age of 99.
Nan Shan Life's investment strategy solid across currencies
S&P also expects the insurer to maintain its current investment risk exposure.
Tong Yang Life's profit prospects strong under new ownership
Woori FG is supported by Woori Bank, one of Korea’s domestic systemically important banks.
HSBC Life hits HK$24.7b in new business premiums
Annualised new premiums accounted for 19.7% of the market total.
Taiwan insurers' earnings doubled to $10b in July
Both its life and non-life segments witnessed triple-digit growth.
Life/annuity reinsurers see improved conditions amidst higher rates
L/A reinsurers remain well-capitalised until 2025.
Japanese life insurers poised for earnings growth
Though other insurers have weaker profiles due to smaller operations, business diversification
Foundation Life (NZ) focuses on restructuring life insurance portfolio
If the proposed scheme is completed, the company is seen to cease insurance activities.
Profits of Sri Lankan insurers jump 35% YoY in Q1 2024
Its assets climbed 10.9% YoY.
FWD Life Vietnam’s H1 2024 profit soars 70% YoY
Year-to-date, it reported a loss of $232.5m.
Generali Vietnam’s net profit plunges in H1 2024
Total assets amounted to $281.5m.
Philippine general insurers’ net income expands to $90b in H1 2024
Total assets also increased by 6.86% YoY.
Life Insurance Corporation of India’s Q1 profit up 9.6% YoY
Total premium income for Q1 2024 stood at $1.4b.
Australia’s insurance Industry expands in January to March
Both the life and general insurance segment witnessed surges in profit.
Thailand's life insurance industry slated for CAGR of 4.4% by 2028
In 2023 the sector grew by 3.7%.
Life insurance reduces mortality risks in China
Still, the protection gap stood at $73.6b in 2023.
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1. Manulife enters into $5.4b reinsurance agreement with Reinsurance Group of America 2. Singapore’s life insurance slated for $43b premiums in 2029 3. APAC emerges as leader in renewables insurance 4. Rising healthcare costs drive growth in Indian insurance: McKinsey 5. MAS updates rules on life insurance product launchesResource Center
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Humans need to be in insurance’s genAI loop
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Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
