Asian Business Review

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India’s insurance penetration slumps to 3.7% in FY 23-24
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. 
Global chronic disease management market to reach $1.1t by 2029
Global chronic disease management market to reach $1.1t by 2029
The economic burden of the condition is projected to cost the global economy $47t by 2030.
Emerging Asia leads as top investment destination of Western FIs
Emerging Asia leads as top investment destination of Western FIs
Four of the priority markets are in ASEAN: Malaysia, Singapore, the Philippines, and Indonesia.
10 capabilities driving delivery predictability according to McKinsey
10 capabilities driving delivery predictability according to McKinsey
Agile funding, product management, and iterative controls are top capabilities driving effectiveness.
SME insurance is seen to reach $417b through 2032
SME insurance is seen to reach $417b through 2032
Smaller organisations lack the resources and experience to form a separate risk department.
New playbook guides startups against costly cybersecurity breaches
 "https://vimeo.com/1040668183"
New playbook guides startups against costly cybersecurity breaches
PwC Indonesia and AC Ventures have launched a ‘Cybersecurity Playbook for Startups.’
Halal startups growth hindered by regulatory and education gaps
 "https://vimeo.com/1040321350"
Halal startups growth hindered by regulatory and education gaps
Varying regulations and awareness are stalling market expansion.  

Exclusives

Residential Property Banyan Group eyes further expansion in Phuket
The Singaporean property developer has 9,000 units in the pipeline for Phuket and other areas.
Insurance Asia-Pacific insurers told to start targeting Gen Z
They are less aware about insurance products than Millenials.
Urban Revivo opens biggest branch in Bangkok
The Chinese fast fashion retailer’s 3,000-square meter store targets consumers aged 18 to 35.
Hyper-personalised shopping rules in Southeast Asia
Data and analytics allow brands to optimise customer experience both online and in-store.
Citibank expects increased funding for Indonesia’s infra, energy sectors
President Prabowo’s infrastructure projects present opportunities for investors and banks.
Trump 2.0 could thump India's solar ambition
Its solar companies may need to set up manufacturing plants in the US to bypass tariffs. 
Insurance 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.

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