Insurance
Singaporeans struggle with critical illness coverage despite reduction in protection gap
Singaporeans struggle with critical illness coverage despite reduction in protection gap
AIA SG’s chief marketing and proposition officer expects insurers to keep up with consumer demands better in 2024.
Philippine social insurer GSIS logs record-high premiums for non-life insurance arm
This makes GSIS the largest non-life insurer in the Philippines.
India’s life sector relaxes in January, YTD
Private insurers maintained growth but at a slower pace compared to last year.
Property insurance in China could reach $41b in 2024
The industry saw a higher demand for property insurance driven by NatCat events in 2023.
Insurtech funding landslides in 2023 to $4.5b
P&C and L&H both saw double-digit contractions.
PT Asuransi Tugu Pratama sustains strong operating performance: AM Best
The Indonesian insurer is expected to have volatile underwriting in the short to medium term.
STARR Insurance Japan CEO to Lead WTW's Japan Operations
Ryohei (Roy) Nakazawa will report to Luke Ware, head of CRB Asia.
Sun Life posts growth in Q4’23, Asia’s individual sales driven by Hong Kong market
Regional office expenses and other factors resulted in a net loss of $12m.
bolttech unveils travel insurance through FWD
Cancellations for any reason is covered by the plan.
Vietnam targets insurance evasion, partners with prosecution authorities
Social security offices have assessed damages caused by violations and calculated unpaid insurance premiums.
APRA issues supervision and policy priorities for 1H’24
There will be a focus on balancing financial sustainability with affordability and availability in the insurance sector
To lead and to lag: APAC insurance’s conflicted AI journey in 2024
Whilst AI investments reached 23.93% of the total market, 41% of firms in Asia Pacific cling to outdated tech, hindering efficiency and scalability.
Resolution Re enters first flow reinsurance collaboration with Japanese insurer
It aims to increase capacity and better product competitiveness.
WTW reels in Royston Tan for head of health and benefits, APAC
Tan has 25 years worth of experience with employee benefits and life insurance operations.
Hexian Insurance Brokers joins Approved Supplier List
The insurer will be able to offer medical, accidental injury, and critical illness coverage for corporate employees.
Howden’s FY’23 revenue jumps, total acquisitions at 56
EBITDA margin stood at 31.9%.
Tyser boosts Asia, MEA presence with senior hires
Jayees Ibrahim and Elias Nohra has been added to its Dubai team to enhance operations in Asia, MEA nd Africa.
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