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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.

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.

Only 28% of APAC insurers prepared for AI shift

Half of insurers attribute poor customer experience to limited technology adoption. 

India launches pension system for all ages, infancy to 70 

NPS Vatsalya allows accounts to be opened for children.

Will low premiums persist in offshore energy insurance?

Neither frequency nor severity of claims significantly impacted market capacity.

Insurance scrutiny intensifies on coal, wildfire risks

However, power Industry business interruption sectors see improved pricing.

Malaysia warns of downside risks for insurers from market volatility

Overall profitability of ITO funds increased in the first half of 2024.

Chinese insurers shift to floating-return products amidst risks

Its P&C sector is under strain due to market volatility.

Why are APAC retirees struggling with unexpected costs?

Over a fifth of respondents had not anticipated their retirement expenses.

Cambodian insurers see gross premiums inch up 1.92% in August

Number of policies in the general insurance market dwindled 31.9%.

How is APAC leading with AI to fight insurance fraud?

74% of respondents reported that fraud cases are either stable or increasing.

Parametric insurance market set to double by 2033

The manufacturing sector held the largest share of the market in 2023. 

India's life insurance APE growth slows to 10.5% in August

LIC's performance in 5M FY 2025 outpaced its private sector peers