Insurance

APAC to lead global EV insurance market in the next five years

The global EV insurance market is seen to skyrocket by 40.3% in CAGR.

APAC to lead global EV insurance market in the next five years

The global EV insurance market is seen to skyrocket by 40.3% in CAGR.

Japan’s interest rate rise offers lessons for China’s insurers

To manage low interest, Japanese insurers shifted to foreign securities and protection-type policies.

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%.

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.