insurance
K-pop craze may spur demand for Income Insurance’s hourly travel cover
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.
Asia’s business insolvencies to rise by 3% in 2024
If excluding China, it could rise by 8%.
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
How did APAC insurers fare in 2023?
The average premium earned by these companies grew by just 1.3%.
Construction insurance sector set for growth with energy, utility projects
Energy and infrastructure projects are expected to climb 7.8% and 5.1%, accordingly.
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