Staff Reporter
Insured losses from NatCat surge to $151b, fueled by urban growth
Insured losses from NatCat surge to $151b, fueled by urban growth
The five-year average annual loss is at $106b.
China motor insurance market to rise 5.2% this year
New energy vehicles are gaining traction in China’s vehicle market.
Namanzee Harris spotlights AlHijrah Plus named Terrestrial OTT Platform - Malaysia
He shares the collaborative effort of TV AlHijrah in making the app and its content accessible and diverse for the Muslim community in Malaysia.
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.
Taiwan insurers' earnings doubled to $10b in July
Both its life and non-life segments witnessed triple-digit growth.
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.
What will drive India’s general insurance sector this year?
The industry is slated to grow by 11.2% this year.
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.
Pet insurance market slated for 8.1% CAGR by 2032
Several insurance companies now offer multi-pet insurance policies.
Why did Hong Kong retail sales fall after a strong rebound?
Retail sales initially surged following Hong Kong’s border reopening in January 2023.
Global online jewellery market to increase by $58.4b by 2028
This is driven by advancements in jewellery design and technology.
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