News
Reinsurers hit record $695b capital in June 2024
However, Aon predicts more pricing competition in 2025 for insurers.
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.
Thailand's life insurance industry slated for CAGR of 4.4% by 2028
In 2023 the sector grew by 3.7%.
Walmart sells $3.7b stake in JD.com to focus on China ops
Walmart said it is shifting its focus to its own operations in China.
Southeast Asia’s insurtech sector hits $2.4b in 2023
It was mainly driven by Singlife’s merger with Aviva Singapore.
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1. India's life insurance growth slows to 10.6% in October 2. Industry excellence celebrated at Manufacturing Asia Awards and Asian Export Awards 2024 3. South Korean insurers brace for profit squeeze amidst rate cuts 4. Asia leads in embedded insurance, set to reach $170b by 2030 5. Japan’s life insurance slated for 4.7% CAGR through 2029Resource Center
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Feb
20
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Mastercard’s Beena Pothen named Executive of the Year - Financial Technology at Malaysia Management Excellence Awards 2024
![Mastercard’s Beena Pothen named Executive of the Year - Financial Technology at Malaysia Management Excellence Awards 2024]()
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The company is powering the digital economy in Malaysia under the direction of Beena Pothen.
The company is powering the digital economy in Malaysia under the direction of Beena Pothen.
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1. India's life insurance growth slows to 10.6% in October 2. Industry excellence celebrated at Manufacturing Asia Awards and Asian Export Awards 2024 3. South Korean insurers brace for profit squeeze amidst rate cuts 4. Asia leads in embedded insurance, set to reach $170b by 2030 5. Japan’s life insurance slated for 4.7% CAGR through 2029Awards
Feb
20
Commentary
ASEAN businesses should not underestimate opportunities 'Down Under'