Olivia Tirona
Excess of loss pricing in APAC reverts to pre-2023 levels amid market stabilisation
Excess of loss pricing in APAC reverts to pre-2023 levels amid market stabilisation
The renewal season reflects significant changes in market conditions compared to the previous year.
Mobile usage at an all-time-high in 2023
Total hours people spent in mobile-first markets reached 5.1 trillion hours total.
Disinformation and misinformation are top risks in 2024 – WEF
Two-thirds of experts anticipate a multipolar or fragmented order in the next 10 years.
Reinsurance likely to face ‘cyclical and structural change’ in 2024: Howden
In other aspects, supply has met the demand for insurance products – a shift from recent market volatility.
VC funding of startups in China plummet 26.9% 11M’23
Unconducive market conditions further drove its decline.
Select life insurers show strong profitability – Fitch Ratings
Operating profitability of insurers from Hong Kong, Singapore, and Thailand pose with sound mortality gains and favourable investment returns.
Korean non-life and life industry stands steady in 2024 – Fitch Ratings
Insurers are seen to exhibit enhanced financial performance in the short term, mainly because of improvement in investment yield and focus on higher-value-added businesses.
MAS: freeze remittances to China for the next three months
It is effective from 1 January 2024 to 31 March.
Life insurers urged to examine contracts for transparency – APRA & ASIC
The joint APRA and ASIC review prompts regulatory expectations for Australian life companies.
Bright 2024 ahead for Australian insurance industry – Jefferies report
Investment income is anticipated to remain at elevated levels or potentially improve.
More Malaysian customers satisfied with the general insurance industry – Survey
Faster digitalisation and operational efficiency amidst the pandemic influenced this sentiment.
Saxo CEO stresses digital wealth’s key role in investment access
The wealthtech industry is expected to skyrocket its ‘onshore’ PFA of around $81t (SG$108.27t/HK$632.82t) by 2027, driven by Singapore and Hong Kong markets.
Arthur D. Little sees embedded finance growth to $350b in 2024
Generative AI and the expansion of fintech brands into the insurance sector are predicted to propel the industry’s advancement to new heights.
Inflation hits non-life insurance hard, property and motor sectors face uphill battle: Malaysian Re
The main impact of inflation on insurers' balance sheets is likely to be an increase in claims costs.
Globe sheds strategic shift from telco giant to tech innovator
The Philippines’ widening healthcare gap and poor sustainability initiatives open Globe CEO Ernest L. Cu’s eyes to an opportunity.
Italy brings its strong suits to Singapore’s fintech expo
Italian trade executive says 9 firms at the Singapore Fintech Festival 2023 exemplify the diverse range of products and expertise Italy can bring to the table.
Global reinsurers must have a watchful eye: AM Best
Reinsurers must navigate a high inflationary environment.
Commentary
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