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Construction insurance sector set for growth with energy, utility projects
Construction insurance sector set for growth with energy, utility projects
Energy and infrastructure projects are expected to climb 7.8% and 5.1%, accordingly.
Zurich partners with Tesla in Australia as it rides EV trend
The Swiss insurer is simplifying coverage to help cut the cost of buying an electric car.
Global insurance M&A hits 15-year low in volume
The region’s deal volumes also fell by 20.7% YoY.
Reinsurers hit record $695b capital in June 2024
However, Aon predicts more pricing competition in 2025 for insurers.
Regulator pushes for mergers in Indonesia amidst premium stagnation
Insurance penetration in Indonesia has declined to 2.64% in 2023.
China motor insurance market to rise 5.2% this year
New energy vehicles are gaining traction in China’s vehicle market.
South Korea’s insurers bag $7b in earnings for H1 2024
This was equivalent to a 2.8% YoY rise.
Hong Kong’s insurance premiums climb 5.1% YoY in H1 2024
Both long-term and general business recorded YoY growths.
Asian insurers shift to private credit amidst new RBC rule
APAC insurers allocate an average of 6.4% of their portfolios to illiquid credit.
Mizuho issues $553m green bond
Its banking arm will use the funds to finance environmentally friendly projects.
China expands medical insurance to over 72% of village clinics
It aims to cover 100% of rural villages by the end of 2024.
Asians spend 30 times less on insurance than Americans
Despite major markets like China and Japan, per capita spending remains modest.
MariBank touts dual retail-SME focus and Shopee ties to scale growth
It seeks to disprove doubters of digital banking, which has struggled to live up to the hype.
Home insurance affordability worsens across Australia
Affordability stress has surged by 30% over the past year.
China leads global industrial robot market for 11th straight year
In the last three years, 430,000 industrial robots were produced in China.
Global online jewellery market to increase by $58.4b by 2028
This is driven by advancements in jewellery design and technology.
Philippine’s life sector net income jumps 22% in H1 2024
Total assets also increased by 6.86% YoY.
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Its initiatives enhanced road safety, addressed overloaded vehicles, and enabled prescriptive maintenance.
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Ingredients take centre stage for Asian consumers across food and beverage purchases