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Asia's protection gap leaves $59b uncovered – Aon
Asia's protection gap leaves $59b uncovered – Aon
Losses from natural disasters left the region 48% lower than the 21st century average.
Generative AI to boost the insurance sector by $50b
Investing in generative AI could boost revenues by 20% and minimise costs by 15%.
Japan, Singapore, South Korea lead passport freedom
ASEAN’s visa free access to member-countries stands at 40% on average.
Foreign banks’ Korean earnings up 6% on higher securities income
The net interest margin declined from 0.75% to 0.63%, according to official data.
South Korean banks’ bad loans climb 0.47% in December
This reflects a significant increase compared to the previous year.
Japan banks clinch $1.98b boost in interest income after policy shift
But a rise in deposit rates presents risks, analysts warned.
Hong Kong’s wealthy plan to spend HK$870,000 in 2024 travels
Tokyo is their top destination of choice.
APAC outpaces U.S. and Europe in global real estate investment
Low interest rates, diverse assets fuel regional dominance.
Larger vehicles preferred as APAC vehicle rental market hit $48B
Enhanced services and changing preferences drive significant growth.
Tech talent demand in Southeast Asia up amidst digital transformation
Startups and enterprises drive sustained need for innovative tech solutions.
Biggest millionaire migration recorded in 2024
Asian countries shine in the Investment Migration Program Index.
Nearly 7 in 10 SEA consumers prioritise essential purchases due to inflation
To cope with inflation, 69% are sticking to essential purchases, while 55% are cutting back on non-essentials.
Pet insurance market to surge 31% in CAGR by 2027
The dog segment is anticipated to witness significant growth.
Art tops luxury investment index in 2023: Knight Frank
It is the only sector that posted double-digit growth with an 11% price increase.
Why Singapore leads in regional business stability
FM Global attributed the high rank to its commitment to infrastructure development and resilience-building measures.
Alternative payments lead China's e-commerce with 67.3% share
Bank transfers and payment cards hold a 14.9% share of e-commerce transactions.
Asia’s asset management sector set to grow by 4.5% in 2024
The private credit market in APAC is expected to grow 8.0% by 2027.
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