Insurance
Mega Insurance seen to shift reinsurance strategy amidst domestic concerns
Its investment portfolio has been 90% cash equivalents and fixed-income securities.
Mega Insurance seen to shift reinsurance strategy amidst domestic concerns
Its investment portfolio has been 90% cash equivalents and fixed-income securities.
Generali Vietnam’s net profit plunges in H1 2024
Total assets amounted to $281.5m.
India’s insurance and pension market bolstered by B2B spending
Life Insurance Corp of India leads the sector.
Reinsurers meet cost of capital for first time in four years
The industry's weighted average cost of capital rose to 8.12% in 2023.
China Pacific Insurance poised for stable outlook in the next two years
CPPIC is expected to remain a core subsidiary of CPIC Group.
Philippine general insurers’ net income expands to $90b in H1 2024
Total assets also increased by 6.86% YoY.
Premium income of Chinese insurers in H1 2024 climbs 4.9% YoY
Claim and benefit payments amounted to $172.20b.
Increased insurance premiums impact retirement budgets: ASFA
Couples around the age of 65 require $49,290 annually for retirement.
Central Reinsurance Q2 2024 net income surges to $183m
EPS stood at $0.03.
Pet insurance market slated for 8.1% CAGR by 2032
Several insurance companies now offer multi-pet insurance policies.
AI drives insurance productivity, faces scaling challenges
Scaling efforts are hindered by regulatory, data, and governance challenges.
Life Insurance Corporation of India’s Q1 profit up 9.6% YoY
Total premium income for Q1 2024 stood at $1.4b.
Swiss Re targets over $3.6b FY24 net income, bags $2.1b in H1
EPS for the period was $6.97.
Ping An bags $12b net profit in H1 2024
An interim dividend of $0.13 per share in cash was declared.
Nippon Life’s Q1 2024 net income skyrockets to $770m
Total new policies saw $4.1m during the period.
GIC Re's profit climbs to $12m in Q1 2024
Its assets grew to $2.22b.
Australian CEOs identify longevity insurance barriers
The meeting brought together 21 life insurers in the country.
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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.
