insurance

Climate change remains high on the risk agenda in certain regions, such as Asia.

Lower-income respondents (60%) better at covering short-term financial obligations than high-income counterparts (52%).

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

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.

They failed to properly monitor individuals onboarded as advisors, directors.