Insurance
Singapore’s non-life insurers see growth as offshore business expands
Singapore’s non-life insurers see growth as offshore business expands
However, competition from global carriers continues to squeeze margins.
2 days ago
What will drive the APAC life insurance market to bag $2t in five years?
India and China are major drivers of the sector’s growth.
3 days ago
China's non-life insurance sector should remain stable: AM Best
Insurers continue to face weak domestic demand, the agency said.
4 days ago
2 in 5 Indians with disabilities lack health insurance
Despite government intervention, many persons with disability are still left out of proper coverage.
5 days ago
Why Indian companies increase use of insurance after cyber threats rise
Indian companies reported heavy financial losses tied to key insurable risks.
5 days ago
How stable is Hong Kong’s insurance market?
Hong Kong saw $13.1b (HK$100.5b) in general insurance gross premiums for 2024.
6 days ago
Malaysia sees stable non-life growth amidst premium rise
Gross direct premiums reached $5.43b in 2024, up 7% from the previous year.
6 days ago
What type of insurance coverage do Indians prefer now?
Women are increasingly choosing Critical Illness (CI) riders.
Why Japan’s insurers brace for heavy payouts in projected quake scenarios
Nankai Trough earthquake has a 60% to 90% probability of occurring.
Why Taiwan’s non-life insurance sector maintains steady growth
AM Best says the non-life sector is supported by stable underwriting performance.
Singapore insurers face rising claims with medical costs set to climb
57% of insurers expect further increases in medical cost over the next three years.
Insurers must expand cyber protection as Singapore shipowners upgrade security
Insurers must update underwriting as cyber navigation disruptions rise.
APAC insurance M&A cools with fewer Q3 deals
Despite that, Asian insurers continued to pursue overseas expansion.
Why 4.5 million Australians skip insurance claims over premiums
The most commonly skipped claims were for home and car insurance.
3 in 5 Singaporeans worried they can’t afford vital medical care
There is also uncertainty over where to seek treatment adds to the problem.
How did Singapore's life insurance sector perform year-to-date?
Business premiums for life insurance recorded $4.76b, whilst integrated shield plans accounted $496.5m.
What will drive APAC’s insurance claims market to grow 16.6% annually?
AI and data analytics will catapult the global industry to bag $638.3b by 2032.
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