Insurance
Only a fifth of Asia, Africa’s natural disaster losses insured in H1 2024
Total losses from natural disasters amounted to $40b.
Why health insurance is crucial for HR leaders
About nine in 10 employers prioritise health benefits in employee value proposition.
Taiwan insurers' earnings quadruple to NT$229.7b in June
Both life and non-life industries saw triple-digit growth.
How secure are systems now in the insurance industry?
Big tech players tackle tech challenges in legacy systems amidst digital vulnerabilities.
Increased liquidity drives growth in APAC secondary market
BMS Asia experts explain why M&A insurance is critical in facilitating secondary deals.
Embedded value of Asia's life insurers grows 7.2% in 2023
Japan and Taiwan post strong gains in insurer-embedded value.
Insured losses to reach $1.08b in CrowdStrike fallout
This is equivalent to about a fifth of the total financial loss of $5.4b.
Asian insurance rates suffer in Q2 amidst rising competition
All lines of business witnessed declines during the period.
Moody’s advises on cyber policy clarity post-CrowdStrike event
The extent and terms of coverage within individual policies will vary.
CEO on mounting regulatory challenges for APAC insurers
Guy Carpenter’s Tony Gallagher said adopting a multi-faceted approach is key to navigating the ever-evolving IFRS 17 requirements.
Advanced markets to drive half of new insurance premiums by 2034
Advanced APAC is expected to see strong growth in the life sector.
Income Insurance targets to fill billion-dollar financing gap in climate transition
The region skimmed its carbon intensity by 2.8%, far below the 17.2% needed.
FundPark, HKECIC bare pioneering effort for insured growth for Hong Kong SMEs
Their partnership integrated data analytics and credit insurance to aid and protect small-scale business operations.
India considers major reforms to 1938 Insurance Act
The bill amendments could potentially let insurers enter the banking industry.
India’s life insurance industry sees 20.2% YoY APE growth in June
CareEdge foresees medium-term outlook to remain positive.
China absorbs $13b loss in natural disasters in H1 2024
The government has allocated $570m for disaster management this year.
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