insurance
GenAI Set to heighten cyber risks, Lloyd’s warns
GenAI Set to heighten cyber risks, Lloyd’s warns
The impact on the cyber threat landscape has been limited so far due to safety mechanisms.
HDI Global makes board changes
David Hullin, a member of the board, overseas ASEAN affairs.
Life insurance sector for India remains subdued, February sparks 48.4% premiums
Year-to-date, new business premiums of Indian life insurers narrowed their decline to 0.2%.
Aon adopts AI-drive platform to amplify risk and business strategies
It plans to offer personalised data-driven insights at the portfolio, fleet, and driver levels.
South Korea joins multilateral agreement for strengthened financial regulation
The committee consists of capital market supervisors and regulators from 22 countries in the region.
Region takes lead in usage-based insurance, market to expand 26.2% CAGR
Globally, the market should see $267.4b by 2032.
FWD Group becomes majority stakeholder in Malaysian arm
JAB Capital Berhad is no longer a shareholder after the transaction.
APAC foreseen as top growth region in self-driving car insurance market
The market is projected to reach $88.1b by 2032 globally.
AXA HK opens women-centred health facility
In partnership with Chiron Medical Group, the centre offers a wide range of services for women’s health.
Bancassurance market to surge 8.4% in CAGR by 2028
Market dynamics are seen to impact the stakeholders' behaviours and pricing decisions in the sector.
Sun Life names new chief client experience and marketing officer for Asia
Mahima Tankha Marwah has over two decades of experience in the finance industry.
Hong Kong’s insurance premiums dip in 2023
Its long-term business witnessed a contraction, whilst its general segment registered growth.
Prudential expected to maintain strong market position, low financial leverage
Prudential's capital and earnings are deemed very strong, S&P Global Ratings said.
India's health insurance market to surpass US
The sector has the potential to grow 18% to 20% in the next two decades.
Claims soar to 19,932 after Victoria thunderstorm – ICA
About 85% of the claims are related to home and contents damage.
Regulatory change boosts capital options for Taiwanese insurers
The move can potentially reduce the cost of capital and broaden their investor base.
New equity requirements to foster competition in Indonesia's takaful sector
Fitch Ratings forecasts a growth rate of 5% to 10% for 2024.
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Industry experts push for the rapid progress of unified customer data as a starting point.
