Insurance

Singapore's life insurers eye growth in 2025

The push for innovative healthcare solutions amid slow medical inflation is a challenge. 
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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. 

South Korean insurers bag $80b in premiums for H1 2024

Net income of all insurers for H1 2024 amounted to $6.49b.

Asia-Pacific insurers told to start targeting Gen Z

They are less aware about insurance products than Millenials.

SME insurance is seen to reach $417b through 2032

Smaller organisations lack the resources and experience to form a separate risk department.

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.

Japan’s insurance sector sees stability amidst premium boom

Premium income has increased over the past two years.

Recession, inflation top business risks for G20 leaders in next 2 years: survey

Other concerns include poverty and inequality and extreme weather events.

Taiwan insurers' profits jump 70.2% in October

Life insurance enterprises accounted for $9.50b of the total.

Top 50 list shows worsening dip in Singapore’s insurance premiums

The thriving nonlife business offset life insurance’s poor showing in 2023.

Cyber insurance premiums to hit $23b by 2026

S&P anticipates APAC to have one of the fastest growth rates.

China's personal insurance sector to grow 5% to 10% annually

Pension and health products are expected to account for 50% of the market by 2035.

114 million Indonesians insured in H1 2024, up 28.4%

Bancassurance generated the highest premium income at $2.33b.

Only 20% of insurers assess tech risks fully

50% of CROs are already using early-warning KPIs to monitor risks.

Taiwan's general insurance to grow 6.8% annually to 2028

The industry is forecast to grow by 9% in 2024.