insurance

Taiwan's insurance sector profits reach $1.8b

Life insurance accounts for 94.4% of the total.

Hanoi Re faces elevated expense ratio challenges – AM Best

As one of the two domestic reinsurers in Vietnam, Hanoi Re has a moderate underwriting risk.

Malaysia's insurance industry grows 7.8% in 2023

On the other hand, underwriting profit contracted by 26%.

Transactional insurance hits $49b in ‘challenging year’ – Marsh

Marsh said that it experienced its third-busiest year on record.

Asia's protection gap leaves $59b uncovered – Aon

Losses from natural disasters left the region 48% lower than the 21st century average.

Generative AI to boost the insurance sector by $50b

Investing in generative AI could boost revenues by 20% and minimise costs by 15%.

Lloyd’s sees 11.6% gross written premiums surge in 2023

Its overall profit before tax stood at $13.5b.

MSIG beefs up overseas students' coverage

It plans to extend the protection to the insured student’s spouse and up to five children under the policy.

S&P predicts modest capital upkeep for PICC Group amidst market changes

The insurance group benefits from risk diversification, supporting its capital adequacy.

Prudential's Asian life business beats expectations with $3.1b NBP

Jefferies expects Prudential to exceed medium-term growth targets.

Qoala secures $47m in Series C funding

Total capital raised to date surpasses $130m.

Record-breaking Nat Cat causes $108b insured losses in 2023, says Swiss Re

Over the past 30 years, insured losses from Nat Cat have outpaced global economic growth

HDI Global SE’s insurance revenue soars 10% YoY in FY'23

Its Singapore business expanded its product offering through political and credit risk market entry.

Hong Kong’s women in insurance rising in a male-dominated business sector

Hong Kong’s female insurance executives show how they take on leadership roles.

Strong women in insurance speak on gender bias

Leading women in Singapore’s insurance industry highlight the role of support networks and mentorship in advancing women’s careers in male-dominated sectors.

Moody's projects stability for Guoyuan Agricultural Insurance

Despite exposure to high catastrophe risks, the insurer’s stable outlook is backed by its robust market presence and risk-based capitalisation.