Insurance

Investment firms need stronger risk-insurance alignment in 2025: WTW

Understanding how policies respond to different scenarios is key to effective risk management.

Prudential, StanChart cement 25 years of bancassurance tie-up

They have the longest-running bancassurance partnership in Singapore and Asia.

Philippine pre-need income doubles in Q4 2024

Also, the sector’s total assets grew by 8.12%.

What challenges Asian women's financial readiness?

Healthcare costs are a significant barrier to financial security.

How financially prepared are Gen Alpha parents in Hong Kong?

Only 33% have concrete financial plans, whilst 18% have not started planning at all.

Insurtech funding in APAC plunges to $193m in 2024

Seed-stage funding also declined 16% to $7.7m.

Global insurtech funding hits seven-year low in 2024

Australia was one of the markets with the largest share decrease.

MSIG Asia, RiskPoint bet on renewable energy insurance

The Asia-Pacific region could attract $3t of investments in power generation by 2033.

How did Singapore’s life insurers fare in 2024?

The industry's growth was influenced by higher demand for annual premium products.

Commercial insurance rates dip 3% in Q4 2024

Financial and professional lines declined the fastest at 9%.

APAC insurers wary of geopolitical instability in next two years

Cyber threats, on the other hand, are a moderate to severe risk.

Etiqa launches Singapore’s first takaful insurance product in years

Demand for Islamic financial products from the Middle East and Southeast Asia is growing.

8 in 10 insurers plan to increase tech investment this year

36% of insurers prioritise AI and machine learning.

APAC's insured only 5.4% of $74b disaster losses: Aon

APAC was also the second-largest region in terms of economic losses.

Medical plan costs to rise by 11.1%: Aon

APAC is expected to experience the second-largestYoYr increase globally.

Only 9.1% of Asia's economic losses insured in 2024

The five-year average for insured losses was $11b.