Insurance
8 in 10 Filipinos seek more insurance amidst rising costs
Out-of-pocket health expenses reached $9b in 2022.
Japanese non-life overseas operations seen to temper domestic underwriting
The country’s big three non-life players saw their profits surge in FYE24.
Insurers face customer churn as prices rise in select products
Experts pin 3 ways to adapt to a more ‘demanding’ customer base.
Japan insurers benefit from lower COVID-19 costs
Both the life and non-life industries saw a surge in their end-March net income.
Australian insurers remain resilient despite lower premium hikes: S&P
79% of rated Australian insurers have stable rating outlooks.
China's insurance premiums increase by 5.1% YoY
Year-to-date, the industry’s assets climbed 10.4%.
Korean insurers dominate overseas investment in real estate
Investments mounted to KRW $42.1b.
China’s pension system reels 60 million new individuals
Presently, 762 products are offered in the new pension system.
Global reinsurance market set for robust profit margins
AM Best expects reinsurers to maintain underwriting discipline in the near term.
Japanese life insurers to maintain strong credit in FY2025
Fitch Ratings expects insurers' capital adequacy to stay adequate.
Life insurance reaches new high in Hong Kong
This marked a 57% year-on-year in annualised new premiums.
Australia, NZ retail banks face tougher headwinds
Both loans and deposits will see increased competition.
CEO unfolds how Indonesian firms can focus on growth amidst new regulations
Whilst the market drives towards growth, new rules shrink insurer presence.
Higher EV sales to surface new insurance risk factors: SRI
EV insurance can take the global market size to more than $200b in 2030.
Commitment issues rise amidst climate risks dampen insurance reliability
Typhoon Koinu alone in 2023 led to over $500m in insurance claims.
Japanese insurers eye profit from hikes in fire and auto insurance
FY24 profit targets exceeded Jefferies’ forecasts.
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