News
37% of S’porean businesses plan to explore coverage amidst high-risk environment
Cyber risk remains the primary concern of executives.
January renewals ‘smooth’, demand for property coverage increases: Aon
Despite challenges in regions with significant losses in 2023, pricing pressure on upper layers varied by region.
Malaysia revises ceding-out rule of takaful risk to insurers amidst hardship cases
A licensed takaful operator is not permitted to distribute risks through a ceding-out arrangement to an insurer.
Allianz S’pore will improve premiums in the next two years – S&P Global Ratings
Problems may still rise if the insurer deviates from strategise or faces funding challenges.
HK residents hesitant in long-term financial planning – Prudential
Despite setting savings targets, individuals face challenges in achieving financial freedom, as 52% of their income goes towards daily expenses.
MS Amlin opens financial lines in Middle East
Tom Horswill will lead this new venture.
AIA Hong Kong debuts high-return multi-currency plan
Key features include an expected Total IRR exceeding 7%.
Reinsurance likely to face ‘cyclical and structural change’ in 2024: Howden
In other aspects, supply has met the demand for insurance products – a shift from recent market volatility.
Sumitomo Life buys Singlife shares from TPG, plans full ownership
The deal values Singlife at S$4.6b.
HKIA stamps six-year ban on ex-agent for embezzlement and mishandling of premiums
The former insurance agent admitted wrongdoing during the IA's investigation.
FWD HK sees Q3’23 new business climb 25% YoY
It attributed its performance to their focus on the local market, coupled with proactive efforts to meet the demands of the Greater Bay Area.
Australia ready to take hit from Queensland cyclone and flood damage: S&P
The state could face higher spending in the next few years.
Japan plans of space tourism insurance by 2030: Report
The plan is to provide coverage for injuries and other issues that could arise during space travel, akin to conventional travel insurance policies.
United India Insurance eyes retail cybersecurity insurance: Report
The policies will offer insurance coverage to refurbish or replace the affected gadgets and expenses towards retrieving data.
Thailand to offer health insurance for non-locals: Report
It aims to expand healthcare for stateless and non-Thai individuals.
India's non-life industry slows down in November
The slow expansion was attributed to sluggish performance in health and motor third-party insurance, along with a decline in crop insurance.
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Indonesia enters era of digital insurance distribution
![Indonesia enters era of digital insurance distribution]()
Industry executives at Insurance Asia Forum 2024 push the digital mindset in developing an efficient ecosystem.
Industry executives at Insurance Asia Forum 2024 push the digital mindset in developing an efficient ecosystem.
