News

Asia’s finance leaders put transformations on hold due to cost challenges

Cost allocation remains a key focus for finance leaders in 2024.

Nearly 7 in 10 shoppers prefer physical stores this festive season

Still, many will switch between channels to meet their needs.

114 million Indonesians insured in H1 2024, up 28.4%

Bancassurance generated the highest premium income at $2.33b.

How gen AI can be the packaging and paper industry’s next frontier

Mckinsey & Company has identified building capabilities in six areas.

Only 20% of insurers assess tech risks fully

50% of CROs are already using early-warning KPIs to monitor risks.

Taiwan's general insurance to grow 6.8% annually to 2028

The industry is forecast to grow by 9% in 2024.

Asia leads in embedded insurance, set to reach $170b by 2030

70% of global losses between 2016 and 2023 from natural disasters are uninsured.

Japan’s life insurance slated for 4.7% CAGR through 2029

The industry is forecasted to expand by 6.8% in 2024.

India's life insurance growth slows to 10.6% in October

The industry is expected to grow by 1% to 13% over the next three to five years.

Taiwan insurance sector profits rise to $9.8b, up 3.5% YoY in September

Both life and non-life sectors recorded double-digit growth.

APAC’s affluent move $700b to digital wealth management

These firms are adopting hybrid models that combine digital tools with limited human assistance.

Half of CEOs globally prioritise new business ventures

60% are eager to pursue generative artificial intelligence-enabled ventures.

APAC automotive aftermarket wear and tear market to grow 3.7% through 2028

Factors like accident rates and driving patterns will drive growth.

Banks gain 50% more tech capacity with productivity focus

Generative AI tools to streamline tasks can yield productivity gains of up to 30%.