News

McKinsey highlights critical insurance strategies for 2024

Chief risk officers at a roundtable stressed the importance of capital management.

McKinsey highlights critical insurance strategies for 2024

Chief risk officers at a roundtable stressed the importance of capital management.

Cyber insurance costs drop amidst improved cyber hygiene

Global cyber insurance to hit $43b by 2030, Howden projects.

Taiwan's insurance sector posts $5.5b pre-tax profit in May

Its general insurance market surged nearly five times more than last year.

Asia Pacific pet care market set to reach $29b in 2024

China remains the largest contributor to the pet care market in the region.

How luxury brands are embracing AI to enhance customer experiences

The luxury sector has invested over $360m in AI in the past three years.

WTW urges APAC banks to consider non-payment insurance

Uncertainties like the Chinese real estate crisis call for effective credit risk management.

How wellness trends boosted demand for women’s sportswear and femtech innovations

Consumers are actively seeking brands and products that enhance both their physical and mental wellbeing.

Here are top trends shaping Asia's beauty and personal care market

Consumers are increasingly prioritising value in their beauty and personal care purchases.

Startups advised to avoid negative blitzscaling

Solid foundations are essential for sustainable growth in tech startups.

F&B industry underinsured against business interruption

29% said they are covered for property damage from extreme weather only.

Vietnam eyes 6% increase in regional minimum wage

Base pay for any position must not exceed the minimum wage, while allowances and benefits are at the employer's discretion.

Around 1 in 2 Thai consumers likely to switch beauty brands

Gen Zs want brands with positive messages, whilst Gen Xers look for cosmetic products offering skincare benefits.

Japan’s life insurers face moderate credit risk

Thanks to their notable allocation to fixed-income investments.

Why insurers have a $10t role in mobilising the climate transition

Howden and BCG said insurance premiums are projected to rise by 50% by 2030.

Why global cyber insurance market will remain stable in the next 12 months

Geopolitics and AI are ongoing risks that could potentially impact profitability.