Insurance
Travel insurance market to grow by $12.07b by 2028
Travel insurance market to grow by $12.07b by 2028
Key drivers include rising consumer disposable income.
Nat Re benefits from robust local insurer ties
In 2023, Nat Re saw a notable rise in net profit, driven by improved underwriting.
Samsung Fire & Marine holds robust balance sheet, leads in auto insurance
SFM maintains the highest regulatory solvency ratio amongst non-life insurers in South Korea
Sumitomo Life's capital remains solid despite solvency ratio decline
Sumitomo Life’s core profit margin increased to 12%.
Hurricane Milton could add to insurers’ $60b NatCat losses in 2024
Global reinsurers could see their claims payouts rise.
M&G Life commits $250m to expand residential investments in Asia
This brings total real estate exposure in the region to $2.5b.
Indian health insurance sector slated for 12.8% CAGR by 2028
The industry is also forecast to grow by 15% in 2024.
Inclusivity still a challenge despite digital growth in PHL insurance sector: Experts
Industry experts shared how inclusivity is not just about access but also about financial sophistication.
Malaysia’s Public Bank to buy all shares of general insurer LPI Capital
It will first buy a 44.15% equity interest in the insurer for RM1.72b.
MSIG Asia taps new VPs to lead transformation and underwriting efforts
One will focus on operational efficiency whilst the other on non-marine business.
Cyber risks loom as telcos lack comprehensive insurance coverage: WTW
About half of the industry identified cybersecurity as a top threat.
MSIG teams with Thriwe to boost travel insurance perks for customers
It will offer single-trip and annual travel insurance plans departing from Singapore.
Bridge Specialty Int’l completes acquisition of Acorn Int’l
It said the acquisition expands its footprint in Singapore.
Vietnam-China talks aim for long-term elderly care solutions
Health insurance coverage in China has stabilised at above 97% of the population.
Global specialty insurance market to grow by $57b in 2028
Lack of robust IT security infrastructure heightens risks.
India launches pension system for all ages, infancy to 70
NPS Vatsalya allows accounts to be opened for children.
Unemployment insurance payouts double since 2012 in China
In 2023, 7.3 million unemployed persons received a total of $1.5b.
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Industry experts push for the rapid progress of unified customer data as a starting point.
