insurance
APAC insurance M&A drops 25% as firms focus on organic growth
APAC insurance M&A drops 25% as firms focus on organic growth
Globally, M&A activity hit a 16-year low in 2024.
BMS CEO’s key to success is communication
Asking for support shows self-awareness and commitment to growth.
Singapore moms juggle family tasks and money matters
Their finances have improved relative to when their mothers were their age.
Prudential, StanChart cement 25 years of bancassurance tie-up
They have the longest-running bancassurance partnership in Singapore and Asia.
Philippine pre-need income doubles in Q4 2024
Also, the sector’s total assets grew by 8.12%.
What challenges Asian women's financial readiness?
Healthcare costs are a significant barrier to financial security.
How financially prepared are Gen Alpha parents in Hong Kong?
Only 33% have concrete financial plans, whilst 18% have not started planning at all.
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.
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