Olivia Tirona
SG life sector’s weighted new business premiums surge 24% YoY in 9M 2024
Q3 2024’s weighted new business premiums grew by 18.2% YoY.
4,800 phishing incidents monthly in India's banks
Banks use GenAI apps at a lower rate than other sectors, likely due to stricter controls.
Asia’s commercial insurance rates dip 4% in Q3 2024
Global commercial insurance rates fell by 1% in Q3 2024.
Global Reinsurers’ ROE surpasses cost of equity in 2023
ROE of reinsurers reached 22% last year.
Malaysia’s life insurance market to hit $17.2b by 2028
Endowment insurance is projected to represent 77.3% of total DWP.
RBC rules may shift Hong Kong insurers to bonds: Aviva Investors
Singapore’s asset growth in 2019 and 2022 could spark promise for Hong Kong.
Aussie insurers to slash costs by 30% with tech revama
Insurers’ operating costs have surged—20% for incumbents.
K-pop craze may spur demand for Income Insurance’s hourly travel cover
The Singaporean insurer is targeting spontaneous travellers who love concerts.
Generative AI slashes P&C claim times by 50% – Bain & Co.
It could also decrease loss-adjusting costs by 20% to 25%.
Philippine life insurance sector slated for 5.4% CAGR by 2028
The industry will likely increase by 3% this year.
Property insurance industry to exceed $152b by 2028
China is forecast to lead with 36% in terms of written premiums.
HSBC Life to keep using tech to stay on top in Hong Kong
The life insurer wants to offer solutions beyond traditional products, its CEO says.
2024 insured losses exceed decade average at $108b
Total economic losses for the first three quarters reached ~$280b.
Taiwan insurers to raise fresh equity amidst new capital requirement
The new standard also raised compliance risks for insurers.
APAC reinsurance market sees stable pricing in 2024
Although, extreme weather and NatCats could disrupt current pricing stability.
Asia’s business insolvencies to rise by 3% in 2024
If excluding China, it could rise by 8%.
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Event News
Inside Mah Sing Berhad’s win at the Malaysia Technology Excellence Awards 2026
David Khaw Teik Keong of Mah Sing Berhad highlights the MY Mah Sing App as a unified digital tool enhancing customer convenience.
Commentary
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