News

India considers major reforms to 1938 Insurance Act

India considers major reforms to 1938 Insurance Act

The bill amendments could potentially let insurers enter the banking industry.

Foreign institutions face stagnant growth in China

Macro-economic shifts and regulatory changes challenge asset management expansion.

India’s life insurance industry sees 20.2% YoY APE growth in June

CareEdge foresees medium-term outlook to remain positive.

China absorbs $13b loss in natural disasters in H1 2024

The government has allocated $570m for disaster management this year.

Expert debunks misconceptions impacting cyber insurance investment

A Forrester report found that only a quarter of firms possess standalone policies.

APAC consumers embrace probiotic-enhanced foods

It will be driven by R&D advancements and increasing consumer interest in health and wellbeing.

Japan’s SMFG issues new shares worth $23.89m

The move is part of its stock compensation plans.

Japanese life insurers' premium income hits $18b

Overall operating expenses pencilled in was $4b.

Japan insurance giants to maintain improved financial performance in FY 2024

Thanks to higher domestic interest rates, diversified investments, and ongoing reforms. 

Scarcity and high Inflation drop data centre transactions

There are four factors in total that contributed to the decline.

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.