Life insurance
India life insurers post steady May growth despite policy volume drop
India life insurers post steady May growth despite policy volume drop
Annual Premium Equivalent by 14.4%.
Dai-ichi Life, Capgemini set up tech centre to support global IT
Dai-ichi Life aims to eventually bring operations in-house.
Generali Hong Kong bets on short-pay model in competitive life market
The plan is designed to support both wealth accumulation and legacy planning.
Kyobo Life outlook stays stable with solid capital and profitability
Moody’s expects profitability to remain stable over the next 12 to 18 months.
APRA, ASIC flag early gains in life insurance disclosure reforms
Efforts to reduce premium volatility through product design remain in early stages.
Japanese life insurers increase US exposure for stable returns
Fitch expects the share of overseas business from North America to grow steadily.
Pinnacle Life gains stable outlook on strong capital position
Operating performance is forecast to remain adequate.
Asia’s insurance markets grow in 2024 on life, health gains
China led Asia’s life insurance recovery.
Insular Life posts 1.1% rise in FY 2024 net income
New Business Premiums surged by 20.0% YoY.
Taiwan life insurers stable for now as Fitch sees capital strength
The appreciation of the NT$ is also driving up currency hedging costs.
BOC Life maintains solid capital as profitability stays steady
The insurer remains majority-owned by BOC Hong Kong.
Australians average two hospital insurance claims a year
21% rated hospital cover as their most essential form of insurance.
Taiwan’s life insurers post $2.22b in foreign policy sales
Investment-linked insurance products generated $311m.
Cambodian insurers grow Q1 gross premiums 6% to $102.3m
The industry’s financial income expanded 7% YoY to $11.9m.
South Korean insurers post $159m overseas profit in 2024
Asian operations posted a YoY decline in net income of $16.3m.
Singapore premiums rise sharply as health costs bite harder
Despite the rise in insurance costs, overall price pressures remain contained.
Japan’s top four insurers grow profit 60% in fiscal 2024
However, these insurers expect earnings for fiscal 2025 to ease slightly.
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