Insurance

P&C insurtech investment mainly pushed the quarter’s growth.

The region’s 2023 prediction is smaller than the global average of 10.7%

The agreement aims to adhere strictly to regulatory requirements.

About three of 10 persons have been affected by last year’s top business risks.

The region’s insurance premium growth is slightly higher than the world estimate of 2.2%.

In 2022, the largest claims still originate from accounting and financial issues.

Its unified portal is built using advanced hyper-automation technologies.  

Its growth will be underpinned by robust economic development in key markets and enhanced product offerings.

Experts shared the reality of cost-efficiency whilst minimising the protection gap.

Disciplined underwriting and well-diversified portfolios will support profitability, an analyst said.

Millennials are prioritising emergency savings more.

Experts reveal why insurers that adapted AI earlier are now realising bigger extra earnings or cost reductions.

It grew 51.2% in the past five years but remains the second smallest market globally.

Rate hikes and macroeconomic uncertainty remain a concern for APAC insurers.

Despite the challenges identified, credit trends are observed to be stable.

There were indications of a shift toward an El Niño-like pattern in Asia.