insurance News - The Latest News, Insight, Commentary & Analysis at Asian Business Review

insurance

Japan overhauls life insurer capital rules after 30 years

The new framework measures financial strength using the Economic Solvency Ratio.
2 days ago

Asia-Pacific usage-based insurance to grow 18.6%

The global market was estimated at $32.6b in 2025.
6 days ago

Philippine pre-need income plunges 88% in Q1 2026

The industry still sold 244,233 plans in the first quarter of 2026.

China life insurers slash guaranteed payout risk

Participating policies share company profits with customers instead of relying only on fixed promises.

Vietnam hits 95.2% health insurance coverage

The rate beat the five year target by 0.16 percentage points.

Indonesia life claims fall 7.9% as surrenders decline

The industry paid $6.2b to 6.92 million beneficiaries during the first nine months of 2025.

Taiwan insurance to top $145b by 2036

The market ranks second only to Hong Kong in Asia for insurance penetration at 10.1% of GDP.

Fraud costs expose Hong Kong insurers’ payments lag

Cheques and manual work persist as fraud costs reach up to 5% of revenue.

Catastrophe insurers risk losses as protection gap persists

Fitch said unmet demand remains a major challenge for insurers and reinsurers.

Insurers lag climate action as disaster losses hit $280b

Less than half of disaster losses from 2015 to 2024 were covered by insurance.

Metro buyers make up 75% of India home loan cover sales

Demand from non-metro areas has accelerated over the last 2 months.

South Korean firms seek insurance amidst workplace injury risks

Aon said 64.3% of organisations have plans for work-related injuries.

Asia to add $1.1t in life premiums over the next 10 years

Singapore’s total insurance premiums rose 10.7% to $45.3b in 2025.

Asia watch claims jump 21% as theft rises

The global average increase was lower at 17% over the past three years.

Allianz says $125b in cargo remains stranded in Gulf

Hull and cargo premiums increased during the conflict.

Philippine life insurers lift premiums 15% as density hits record

Per capita insurance spending reached $70.15 in 2025 from $62.30 a year earlier.