Insurance
ICA appoints Suncorp CEO as new chair
ICA appoints Suncorp CEO as new chair
He succeeds Nick Hawkins, who has held the role for two years.
What will drive Hong Kong’s insurance market to reach $127b in 2032?
Chronic diseases and ageing population are driving the demand for life insurance.
Asia grapples with pension system strain as population ages
Emerging markets face a pension savings shortfall of $74t.
Vietnam's health law revision to ensure compatibility with medical laws
The law may also introduce a deadline for the annual audit settlement.
Asia Pacific to lead blockchain in insurance by 2031
Globally, the market could reach $32.9b.
Indonesian insurers’ old-school thinking holds back sector
The industry must digitise to tap the nation’s vast Gen Z and millennial consumers.
How eased C-ROSS Phase II pressures helped China's smaller insurers
Despite a decline to 207% in 2022, core solvency ratio remained stable in 2023.
ABCI maintains solid capital with reinsurance support in 2023
The regulatory solvency ratio stood at 339%, above the 100% minimum.
How is APAC leading with AI to fight insurance fraud?
74% of respondents reported that fraud cases are either stable or increasing.
Vietnam inspects insurers for motor vehicle regulation compliance
Voters reported challenges in claiming compensation.
China’s new guidelines push for broader coverage, better services by 2029
It also aims to curb illegal activities in the sector.
Cultural barriers and poverty limit insurance growth in the Philippines
Digital transformation presents growth opportunities.
Can renewable energy growth continue amidst rising insurance risks?
Alternative energy assets often lack the quality needed for long-term sustainability.
Vietnam ensures insurance access in Typhoon Yagi-hit areas
Facilities providing health insurance-covered treatment can make advance payments.
Reinsurance capital hits $766b, up 5.4%
Return on equity remained strong at 19.6%.
Insurance value creation rises amidst regional disparities
Asia Pacific contributed just over $100b to the five-year total.
Japanese worry most about loss of property, life
88.9% of respondents cited earthquakes as their primary concern.
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Industry experts push for the rapid progress of unified customer data as a starting point.
