insurance
Malaysia warns of downside risks for insurers from market volatility
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.
Regulator pushes for mergers in Indonesia amidst premium stagnation
Insurance penetration in Indonesia has declined to 2.64% in 2023.
Insured losses from NatCat surge to $151b, fueled by urban growth
The five-year average annual loss is at $106b.
South Korea’s insurers bag $7b in earnings for H1 2024
This was equivalent to a 2.8% YoY rise.
Asian insurers shift to private credit amidst new RBC rule
APAC insurers allocate an average of 6.4% of their portfolios to illiquid credit.
Taiwan insurers' earnings doubled to $10b in July
Both its life and non-life segments witnessed triple-digit growth.
China expands medical insurance to over 72% of village clinics
It aims to cover 100% of rural villages by the end of 2024.
Asians spend 30 times less on insurance than Americans
Despite major markets like China and Japan, per capita spending remains modest.
Home insurance affordability worsens across Australia
Affordability stress has surged by 30% over the past year.
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