In Focus

Less than half of global losses due to calamities insured

There were indications of a shift toward an El Niño-like pattern in Asia.

Less than half of global losses due to calamities insured

There were indications of a shift toward an El Niño-like pattern in Asia.

FWD Insurance Indonesia provides customer-friendly flagship product

Through innovative approaches, this insurance company achieved a net premium of  IDR1.88t (US$124.7m) in 2022.

Non-life insurance premiums in India up 14.8% in June

The sector is expected to grow by 13% to 15%.

Zurich Malaysia aims for positive sustainable impact with refreshed ESG framework

Insurer’s 2023-2025 framework hopes to foster  sustainability.

Philippines’ general insurance sector to grow 11.6% in premiums: GlobalData

This is equivalent to P211.5b ($3.7b) gross written premiums.

Profitability of Japanese non-life insurance to recover in 2024

It is anticipated that Japanese non-life insurance groups will uphold robust capital adequacy. 

Hong Kong life insurance market to improve in two years: S&P

The life segment is predicted to jump by 20% o 25% in 2023.

The future of Asian insurance: sustainable, digital, generation “Z”

Insurance leaders and experts shared the common denominators that insurers are struggling with along with the future of the industry and who it is for.

Government weakness heightens Sri Lankan insurers' risks: Fitch

Earnings are expected to be under pressure, and costs are higher due to currency devaluation.

Profitability of Japanese life insurers to rebound: Fitch

Insurers will see resurgence of overall profitability by 2024.

APAC insurers can weather equity markets' decline: S&P

This assessment took into account the forecasted one-year earnings and lower capital charges.

India’s life insurance premiums down in April

The industry’s performance was dragged by the state-owned Life Insurance Corporation of India.

China Non-Life Insurance stable in Q1: Fitch Ratings

Aggregate comprehensive solvency ratio of the Chinese non-life insurance sector remained high at 238%.

First quarter new funding for InsurTech surge 37.6%: Gallagher Re

This signals the industry may return to pre-COVID-19 levels in 2023.

2023 a mixed bag for Asian insurers: S&P

S&P also warns Asia insurers to be cautious of the effects of geopolitical risks

Asia’s economic loss due to natural catastrophes reached $5.39b: Gallagher Re

This was 7% of the estimated total economic loss of US$77b, globally.