Insurance
What will drive India’s general insurance sector this year?
What will drive India’s general insurance sector this year?
The industry is slated to grow by 11.2% this year.
Home insurance affordability worsens across Australia
Affordability stress has surged by 30% over the past year.
Pet insurance market slated for 8.1% CAGR by 2032
Several insurance companies now offer multi-pet insurance policies.
Philippine’s life sector net income jumps 22% in H1 2024
Total assets also increased by 6.86% YoY.
Thailand's life insurance industry slated for CAGR of 4.4% by 2028
In 2023 the sector grew by 3.7%.
Southeast Asia’s insurtech sector hits $2.4b in 2023
It was mainly driven by Singlife’s merger with Aviva Singapore.
Life insurance reduces mortality risks in China
Still, the protection gap stood at $73.6b in 2023.
India’s general insurance sector slated to expand 11.2% in 2024
Motor insurance is anticipated to account for 31.1% of GWP.
Insurers warn of risks amidst EV and autonomous vehicle growth
Hong Kong’s push for EVs has insurers dissecting the risks and rewards in the evolving motor industry.
CrowdStrike meltdown may shore up cyber insurance premiums
Insurers are refining their policies after the global tech outage to better manage risks.
Nearly half of Hong Kong workers report mental strain, desire to leave
41% are planning to work from home to avoid workplace interactions.
SG's life insurance total weighted new business premiums surge 27% YoY in H1'24
Employment in the market was stable, a slight decrease of 0.5% versus last year.
Japanese insurers tighten underwriting amidst Q2 market challenges
This called for a careful evaluation of risk retention and risk transfer strategies, Aon said.
Asia’s Q2 insurance pricing stays flat
Overall capacity was sufficient but challenges persist in property and flood risks
Japan’s big-four insurers to raise fire insurance premiums 15%
The decision comes in the wake of failing profitability in the fire insurance market.
Top APAC insurers see market cap growth of Q2 2024
China Life Insurance led with a 9% growth during the period.
Aviation insurance to soar at a 20-year high in 2024
Collision and crash incidents account for 63% of claims in aviation insurance sector.
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