Life insurance
India's life insurance annual premium equivalent drops 2.3% in December
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.
Taiwan insurance sector profits hit $11b in November
Thanks to the life industry’s $10.12b profit contribution.
OCBC Hong Kong sells 33% stake in Hong Kong Life
Yue Xiu Enterprises (Holdings) bought the stake from the bank.
Top 50 list shows recovery in Hong Kong’s insurance premiums
Only four segments in the top 10, all life insurers, posted growth in 2023.
Taiwan life insurance set for 5% to 10% growth in 2025
The TII also estimates a renewal premium growth rate of approximately 5%.
Taiwan life insurers record $35b in H1 premiums
First-year premium (FYP) income rose 7.24% YoY to $11.62b.
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