News
SG life sector’s weighted new business premiums surge 24% YoY in 9M 2024
SG life sector’s weighted new business premiums surge 24% YoY in 9M 2024
Q3 2024’s weighted new business premiums grew by 18.2% YoY.
4,800 phishing incidents monthly in India's banks
Banks use GenAI apps at a lower rate than other sectors, likely due to stricter controls.
Asia’s commercial insurance rates dip 4% in Q3 2024
Global commercial insurance rates fell by 1% in Q3 2024.
Over half of insurers penalised for errors
58% of respondents said it takes over five months to implement a rule change.
Global Reinsurers’ ROE surpasses cost of equity in 2023
ROE of reinsurers reached 22% last year.
4 key trends that will shape food and drink industry by 2025
It will be defined by nutrition, mental health, supply chain adaptation, and tech integration.
Malaysia’s life insurance market to hit $17.2b by 2028
Endowment insurance is projected to represent 77.3% of total DWP.
Hackers breach wayback machine, exploiting open-source vulnerabilities
Cybersecurity experts underscore the need for vigilant asset protection and rapid response.
RBC rules may shift Hong Kong insurers to bonds: Aviva Investors
Singapore’s asset growth in 2019 and 2022 could spark promise for Hong Kong.
Aussie insurers to slash costs by 30% with tech revama
Insurers’ operating costs have surged—20% for incumbents.
Climate change renders Australian home insurance unaffordable
Surge in claims led to an average home insurance premium increase of at least 14%.
Banyan Group navigates cross-cultural challenges amidst expansion
Balancing consistency and local practices drives the brand's success.
SEA's digital economy to reach $263b in gross merchandise value
Key drivers include increased digital engagement and monetisation strategies.
Asia Pacific’s retail sales to grow 24% by 2028
The Shopper Reinvented megatrend will increase at a CAGR of 11%.
Generative AI slashes P&C claim times by 50% – Bain & Co.
It could also decrease loss-adjusting costs by 20% to 25%.
8 in 10 SEA SMEs expect sales growth during festive season
57% of consumers prefer online shopping.
Safety training boosts harm reporting in high-risk sectors
Recent occupational safety training significantly increases the reporting of workplace harm.
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Fees friction is testing Asia’s academic ambitions