Staff Reporter
Australian insurance sector combats inflation with premium hikes
Australian insurance sector combats inflation with premium hikes
Its life insurance premiums are seen to grow ~3% in 2024 and 2025 modestly.
APAC to lead global EV insurance market in the next five years
The global EV insurance market is seen to skyrocket by 40.3% in CAGR.
Japan’s interest rate rise offers lessons for China’s insurers
To manage low interest, Japanese insurers shifted to foreign securities and protection-type policies.
India’s non-life sector bags double-digit growth
It saw its premiums surge 14.9% in May.
8 in 10 Filipinos seek more insurance amidst rising costs
Out-of-pocket health expenses reached $9b in 2022.
Japanese non-life overseas operations seen to temper domestic underwriting
The country’s big three non-life players saw their profits surge in FYE24.
SMBC closes $200m syndicated loan for India’s HUDCO
HUDCO will use the funds to expand its social housing platform.
Japan insurers benefit from lower COVID-19 costs
Both the life and non-life industries saw a surge in their end-March net income.
State firms dominate Southeast Asia’s pumped hydro development
Indonesia’s Perusahaan Listrik Negara is the region’s top developer.
Southeast Asia’s pumped hydro capacity to reach 18 GW by 2033
The sector’s investment will reach between $12b to $70b.
Australian insurers remain resilient despite lower premium hikes: S&P
79% of rated Australian insurers have stable rating outlooks.
Non-alcoholic drinks market to reach $2.9t by 2035
It will be driven by health and wellness trends.
Hydration products gain traction in APAC
It was driven by increased awareness of health concerns like global warming and modern lifestyles.
Intense heat wave slows down India's manufacturing growth in May
Lower work hours affected production volumes.
GenAI’s impact on retail unfolding faster than expected
Retailers now leverage GenAI for a competitive edge in communications, marketing, and operations.
Thailand's e-commerce market to grow 13.7% in 2024
It is expected to reach $66.7b in 2024.
China's insurance premiums increase by 5.1% YoY
Year-to-date, the industry’s assets climbed 10.4%.
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