Life insurance
Asia leads in embedded insurance, set to reach $170b by 2030
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.
Cambodian insurers’ premiums climb 5.3% growth in September
The number of policies in the general insurance market dwindled by 19.1%.
Taiwan life insurers shift focus to protection products
The accident and health insurance market grew 16% YoY in 9M 2024.
Singlife’s new whole life plan offers additional cover of up to 400%
The plan also includes a Retrenchment Benefit.
SG life sector’s weighted new business premiums surge 24% YoY in 9M 2024
Q3 2024’s weighted new business premiums grew by 18.2% YoY.
Malaysia’s life insurance market to hit $17.2b by 2028
Endowment insurance is projected to represent 77.3% of total DWP.
Canara HSBC Life launches India manufacturing fund for ULIPs
The portfolio focuses on Automobiles, Capital Goods, Defence, Healthcare, and Metals.
HSBC Life to keep using tech to stay on top in Hong Kong
The life insurer wants to offer solutions beyond traditional products, its CEO says.
India’s life insurance sector bags 12% CAGR in past five years
The life insurance penetration rate is at 3.8%.
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