News

Philippines’ non-life sector resurfaces to ‘stable’ outlook: AM Best

Higher domestic interest rates are expected to accelerate investment yields.

Philippines’ non-life sector resurfaces to ‘stable’ outlook: AM Best

Higher domestic interest rates are expected to accelerate investment yields.

GIAJ completes $540m claim payments for Noto quake

More than half of this was under the Ishikawa Prefecture.

FuSure Reinsurance’s risk-adjusted capital to stay solid until 2027

From 2024 to 2027, it targets double-digit growth in gross written premiums.

NTU and GAIP launch AI-focused insurance competition

The competition offers a total prize pool of S$20,000.

K-Pet eyes insurance, launches disease prevention tech

S. Korea’s pet premium income climbed from KRW1.1b in 2018 to KRW44.3b in 2023.

MAS crackdown exposes dishonesty amongst ex-agents

These agents were representatives of Prudential and Manulife.

HKIA appoints new directors for 2024-2027 term

Lee and Lui have been a member of the HKIA for six to seven years.

Philippines insurance sector witnesses surge in premiums

Both its life and non-life sectors climbed 12.0% and 6.98%, respectively.

Singlife launches new digital wealth booster

The plan offers a guaranteed annual yield of 3.25%.

Marsh cites three major shortcomings in current insurance strategies

The firm calls for proactive steps toward partnership.

What risks do select APAC markets fear most this year?

Global Insurance Law Connect unveiled four common risks the world is facing.

Asia-Pacific M&A decline less severe amidst global drop

Comparative resilience seen despite significant global downturns.

Chinese insurers to benefit from bancassurance rule-lift

The removal of the rule is seen to increase premium growth.

Philippine HMOs see 17.3% surge in healthcare payouts

This was equivalent to $255.9m in healthcare benefits.

Swiss Re Institute report predicts AI impact on health industry

Insurers are advised to take advantage of this to expand cyber risk offerings.