Insurance
Cyber insurance premiums to hit $23b by 2026
S&P anticipates APAC to have one of the fastest growth rates.
1 day ago
Cyber insurance premiums to hit $23b by 2026
S&P anticipates APAC to have one of the fastest growth rates.
1 day ago
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.
5 days ago
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.
Asia leads in embedded insurance, set to reach $170b by 2030
70% of global losses between 2016 and 2023 from natural disasters are uninsured.
Japan’s general insurance sector slated for$94b by 2028
The industry is seen to grow 1.7% in 2024.
Japan’s life insurance slated for 4.7% CAGR through 2029
The industry is forecasted to expand by 6.8% in 2024.
India's life insurance growth slows to 10.6% in October
The industry is expected to grow by 1% to 13% over the next three to five years.
South Korean insurers brace for profit squeeze amidst rate cuts
Direct premiums from long-term products contributed to a 3.7% increase in 2023.
Taiwan insurance sector profits rise to $9.8b, up 3.5% YoY in September
Both life and non-life sectors recorded double-digit growth.
Japanese insurers double down on tech to weather disaster risks
Industry players are relying on data analytics to improve risk management.
Insurance firms lag in climate committees
Yet, 70% of firms view climate risk as central.
SG life sector’s weighted new business premiums surge 24% YoY in 9M 2024
Q3 2024’s weighted new business premiums grew by 18.2% YoY.
Asia’s commercial insurance rates dip 4% in Q3 2024
Global commercial insurance rates fell by 1% in Q3 2024.
Over half of insurers penalised for errors
58% of respondents said it takes over five months to implement a rule change.
Malaysia’s life insurance market to hit $17.2b by 2028
Endowment insurance is projected to represent 77.3% of total DWP.
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Feb
20
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Event News
Takaful Ikhlas General Berhad earns accolade at Malaysia Management Excellence Awards 2024
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The takaful operator won for fostering innovation and exemplary customer experience in the takaful services sector.
The takaful operator won for fostering innovation and exemplary customer experience in the takaful services sector.
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Feb
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Commentary
ASEAN businesses should not underestimate opportunities 'Down Under'