News
Philippine banks sees lending go up by 7.1% in October
Loans for production activities rose during the month.
Philippine banks sees lending go up by 7.1% in October
Loans for production activities rose during the month.
South Korean banks’ net income down 23.9% in Q3
Non-interest income and return of assets both fell during the quarter.
Taiwan reports over 37 million active credit cards in October
The average rate of delinquency was 0.2% by the end of the month.
India’s commercial banks reports 17% higher net interest incomes
Banks also witnessed a 13.5% deposit growth for the quarter.
How banks can ensure customer safety in Gen AI adoption
Gen AI is expected to add up to US$340b in new value to banks. But obtaining a slice of this will not be an easy process.
Select life insurers show strong profitability – Fitch Ratings
Operating profitability of insurers from Hong Kong, Singapore, and Thailand pose with sound mortality gains and favourable investment returns.
MAS: freeze remittances to China for the next three months
It is effective from 1 January 2024 to 31 March.
Korean non-life and life industry stands steady in 2024 – Fitch Ratings
Insurers are seen to exhibit enhanced financial performance in the short term, mainly because of improvement in investment yield and focus on higher-value-added businesses.
Life insurers urged to examine contracts for transparency – APRA & ASIC
The joint APRA and ASIC review prompts regulatory expectations for Australian life companies.
Bright 2024 ahead for Australian insurance industry – Jefferies report
Investment income is anticipated to remain at elevated levels or potentially improve.
More Malaysian customers satisfied with the general insurance industry – Survey
Faster digitalisation and operational efficiency amidst the pandemic influenced this sentiment.
Cosmetic skincare market to grow US$79.4b from 2022 to 2027
The annual growth rate for the global market will hit 8.72%, due to growing demand.
Growing threats in maritime industry drive more cybersecurity investments
The maritime industry pays an average ransom payment of US$3.2 million to cybercriminals.
Saxo CEO stresses digital wealth’s key role in investment access
The wealthtech industry is expected to skyrocket its ‘onshore’ PFA of around $81t (SG$108.27t/HK$632.82t) by 2027, driven by Singapore and Hong Kong markets.
Inflation hits non-life insurance hard, property and motor sectors face uphill battle: Malaysian Re
The main impact of inflation on insurers' balance sheets is likely to be an increase in claims costs.
5G service expansion to drive APAC mobile services market
Growing 5G availability in the region will increase the market’s revenue to $479b
Globe sheds strategic shift from telco giant to tech innovator
The Philippines’ widening healthcare gap and poor sustainability initiatives open Globe CEO Ernest L. Cu’s eyes to an opportunity.
Most Read
1. Hong Kong general insurance GWP to reach $10.9b by 2028 2. SG’s life insurers see 32.2% leap in new business premiums in Q1’24 3. 52% of India’s health insurance policyholders indicate a premium increase 4. Is ‘Londonisation’ good for Asia’s M&A insurance market? 5. 7 in 10 educators favour personal mobile data over public networksResource Center
Read Here
Advertise
Sign Up
Awards
Sep
26
Oct
30
Event News
Event News
RSM's Jason Yau on enhancing digital capabilities: Foster continuous learning, strategic partnerships, user-centric design, and scalable infrastructure
![RSM's Jason Yau on enhancing digital capabilities: Foster continuous learning, strategic partnerships, user-centric design, and scalable infrastructure]()
Co-Written / Partner
Organisational inertia and data privacy concerns were cited amongst the challenges faced by companies.
Organisational inertia and data privacy concerns were cited amongst the challenges faced by companies.
Videos
Partner Sites
Most Read
1. Hong Kong general insurance GWP to reach $10.9b by 2028 2. SG’s life insurers see 32.2% leap in new business premiums in Q1’24 3. 52% of India’s health insurance policyholders indicate a premium increase 4. Is ‘Londonisation’ good for Asia’s M&A insurance market? 5. 7 in 10 educators favour personal mobile data over public networksAwards
Sep
26
Oct
30