insurance
Insurtech funding in APAC plunges to $193m in 2024
Insurtech funding in APAC plunges to $193m in 2024
Seed-stage funding also declined 16% to $7.7m.
How did Singapore’s life insurers fare in 2024?
The industry's growth was influenced by higher demand for annual premium products.
Commercial insurance rates dip 3% in Q4 2024
Financial and professional lines declined the fastest at 9%.
APAC insurers wary of geopolitical instability in next two years
Cyber threats, on the other hand, are a moderate to severe risk.
Etiqa launches Singapore’s first takaful insurance product in years
Demand for Islamic financial products from the Middle East and Southeast Asia is growing.
8 in 10 insurers plan to increase tech investment this year
36% of insurers prioritise AI and machine learning.
APAC's insured only 5.4% of $74b disaster losses: Aon
APAC was also the second-largest region in terms of economic losses.
Only 9.1% of Asia's economic losses insured in 2024
The five-year average for insured losses was $11b.
Financial firms plan cautious 2025 pay raises
Region-wide, planned budget increases averaged 5.2%.
Asia-Pacific insurers told to start targeting Gen Z
They are less aware about insurance products than Millenials.
SME insurance is seen to reach $417b through 2032
Smaller organisations lack the resources and experience to form a separate risk department.
China's personal insurance sector to grow 5% to 10% annually
Pension and health products are expected to account for 50% of the market by 2035.
Only 20% of insurers assess tech risks fully
50% of CROs are already using early-warning KPIs to monitor risks.
Asia leads in embedded insurance, set to reach $170b by 2030
70% of global losses between 2016 and 2023 from natural disasters are uninsured.
Taiwan insurance sector profits rise to $9.8b, up 3.5% YoY in September
Both life and non-life sectors recorded double-digit growth.
Asia’s commercial insurance rates dip 4% in Q3 2024
Global commercial insurance rates fell by 1% in Q3 2024.
Over half of insurers penalised for errors
58% of respondents said it takes over five months to implement a rule change.
Most Read
1. Indonesia sets 2032 target for first nuclear power plant 2. Will 100% FDI trigger India insurance consolidation? 3. SME hiring set to pick up as local job-matching gains traction 4. Zurich, YAS use AI to link taxi insurance to driving behaviour 5. Will Gen AI caution worsen Singapore’s insurance talent crunch?Resource Center
Read Here
Advertise
Sign Up
Awards
Event News
2025 TDM Travel Trade Excellence Awards - Malaysia and Malaysia Management Excellence Awards Event Highlights
A look back at the TDM Travel Trade Excellence Awards 2025 - Malaysia and Malaysia Management Excellence Awards 2025.
Commentary
APAC’s hidden CX crisis on the frontline