Olivia Tirona

The market is projected to reach $88.1b by 2032 globally.

Research showed that 48% of its customers experienced ketchup-related mishaps.

Market dynamics are seen to impact the stakeholders' behaviours and pricing decisions in the sector.

The sector has the potential to grow 18% to 20% in the next two decades.

Insurance and banking leaders join forces to tackle climate change, emphasising the need for sustainable investments and inclusive transition strategies.

The Swiss Re Institute emphasised insurance’s role in risk mitigation.

Challenges persist from 2023, even on Hong Kong’s new capital regime.

China Life is the only insurer Nomura covers that has adopted the transition plan for the new accounting standards (IFRS) for insurance contracts.

Leaders at the 3DEXPERIENCE WORLD 2024 in Dallas discuss the integration of AI and simulation into design processes.

76% of tech hiring managers in Singapore and Hong Kong found recruitment highly competitive in 2023. 

The industry should increase 4.6% in 2023.

CEO Jim Qin of Zurich Insurance cites a trend for extended vacations among Hongkongers in 2023, boosting travel insurance sales.

40% of Southeast Asian companies are carefully optimistic about hiring.

Demand for life and cyber coverage, China's reopening, and the adoption of insurtech could drive the industry forward. 

Last year was profitable for reinsurers with returns almost reaching 20%.

Non-life market to beat life sector in premium volume.