Insurance
Climate change renders Australian home insurance unaffordable
Surge in claims led to an average home insurance premium increase of at least 14%.
Climate change renders Australian home insurance unaffordable
Surge in claims led to an average home insurance premium increase of at least 14%.
K-pop craze may spur demand for Income Insurance’s hourly travel cover
The Singaporean insurer is targeting spontaneous travellers who love concerts.
Generative AI slashes P&C claim times by 50% – Bain & Co.
It could also decrease loss-adjusting costs by 20% to 25%.
Philippine life insurance sector slated for 5.4% CAGR by 2028
The industry will likely increase by 3% this year.
Property insurance industry to exceed $152b by 2028
China is forecast to lead with 36% in terms of written premiums.
Australians can save $948 annually with pet insurance: Mozo
Rottweiler owners could save the most by as much as $1,959 per year.
HSBC Life to keep using tech to stay on top in Hong Kong
The life insurer wants to offer solutions beyond traditional products, its CEO says.
2024 insured losses exceed decade average at $108b
Total economic losses for the first three quarters reached ~$280b.
Taiwan insurers to raise fresh equity amidst new capital requirement
The new standard also raised compliance risks for insurers.
APAC reinsurance market sees stable pricing in 2024
Although, extreme weather and NatCats could disrupt current pricing stability.
Asia’s business insolvencies to rise by 3% in 2024
If excluding China, it could rise by 8%.
Only 28% of APAC insurers prepared for AI shift
Half of insurers attribute poor customer experience to limited technology adoption.
APAC insurers trim equity risks, increase capital efficiency: Moody's
APAC P&C insurers face different risks compared to their US counterparts.
Global specialty insurance market to grow by $57b in 2028
Lack of robust IT security infrastructure heightens risks.
India launches pension system for all ages, infancy to 70
NPS Vatsalya allows accounts to be opened for children.
Will low premiums persist in offshore energy insurance?
Neither frequency nor severity of claims significantly impacted market capacity.
Insurance scrutiny intensifies on coal, wildfire risks
However, power Industry business interruption sectors see improved pricing.
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1. India's life insurance growth slows to 10.6% in October 2. South Korean insurers brace for profit squeeze amidst rate cuts 3. Industry excellence celebrated at Manufacturing Asia Awards and Asian Export Awards 2024 4. Asia leads in embedded insurance, set to reach $170b by 2030 5. Japan’s life insurance slated for 4.7% CAGR through 2029Resource Center
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Feb
20
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Thailand Technology Excellence Awards 2024 Winner: GOSOFT (THAILAND) COMPANY LIMITED
![Thailand Technology Excellence Awards 2024 Winner: GOSOFT (THAILAND) COMPANY LIMITED]()
Winning the Thailand Technology Excellence Award 2024 in the AI - Retail category reflects Gosoft (Thailand) Co., Ltd's innovation and impact.
Thailand Technology Excellence Awards 2024 Winner: GOSOFT (THAILAND) COMPANY LIMITED
Winning the Thailand Technology Excellence Award 2024 in the AI - Retail category reflects Gosoft (Thailand) Co.
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Most Read
1. India's life insurance growth slows to 10.6% in October 2. South Korean insurers brace for profit squeeze amidst rate cuts 3. Industry excellence celebrated at Manufacturing Asia Awards and Asian Export Awards 2024 4. Asia leads in embedded insurance, set to reach $170b by 2030 5. Japan’s life insurance slated for 4.7% CAGR through 2029Awards
Feb
20
Commentary
ASEAN businesses should not underestimate opportunities 'Down Under'