In Focus
Chinese life insurance set for 9% annual growth, to reach $893b by 2028: GlobalData
Increased awareness of health and better financial planning are a few of the growth drivers of China’s life insurance sector.
Chinese life insurance set for 9% annual growth, to reach $893b by 2028: GlobalData
Increased awareness of health and better financial planning are a few of the growth drivers of China’s life insurance sector.
Mainland Chinese tourists fuel growth in Hong Kong’s life insurance market
The industry will grow 4.1% by 2028 due to more mainland tourists and the super aging population.
Economic slowdown challenges insurance underwriting; emerging markets show promise
Swiss Re Institute analyst underscored that real premium growth in emerging markets, including China, outpaces the more advanced economies.
Australia’s general insurance sector to surge 9.1% by 2027
The industry is seen to grow by 9.5% in 2023 and 9.8% in 2024.
Rising S’pore EV registrations prompt insurers to evaluate premiums and coverage
Plugging into Lion City’s 80% emission cut goal, EVs bring progress and new risks for motorists.
Swiss Re upbeat about growth of insurance sector
As a cautionary note, an economist said fixed annuities face potential decline as higher Interest rates shift consumer preferences.
See you in 2024!
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Hong Kong’s top 50 insurers experience 7.7% YoY premium contraction in 2022
Analysts said the market’s complex financial environment and shrinking population curtailed industry growth. Cross-border expansion could alleviate contraction pains.
Singapore’s top 50 insurers see 3.7% YoY asset decline in 2022
Experts’ industry outlook for 2023-2024 centres on digital evolution with AI, protection gaps, strategic partnerships, and resilience amidst challenges.
Arthur D. Little sees embedded finance growth to $350b in 2024
Generative AI and the expansion of fintech brands into the insurance sector are predicted to propel the industry’s advancement to new heights.
Swiss Re: Asia’s insurance players target health industry in 2024
In Singapore, shifting focus to health underscores the need for insurance players to close the protection gap that has remained unchanged in the last 5 years.
Thailand’s general insurance market to generate $11b by 2027 – GlobalData
Motor insurance accounts for 54.8% of the GWP in 2022, and is expected to grow by 5.6% in 2023.
China’s life insurance dips further in October
Its total premium income fell 8% YoY.
Indonesia’s insurance M&A to reach $22b in 2027: GlobalData
The increase in MCR for insurers is expected to lead to merger and acquisition (M&A) activities.
Manulife Singapore targets rapidly growing high-net-worth market
New data suggests young beats old in appetite for investments.
Asia’s mortality protection gap grim by 2030, prediction shows $119t rift: report
Cyber insurance market in Asia is projected to triple in size from 2022 to 2025.
Why emerging markets in the region are most vulnerable to insurance risks
Analysts have named five risks the insurance sector in Asia will have to navigate in the coming months.
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Insurers need cultural overhaul in digital push
![Insurers need cultural overhaul in digital push]()
Digitalisation seeks to simplify processes, not complicate things.
Digitalisation seeks to simplify processes, not complicate things.
