News

Insurance, bank deposits boost Malaysia's economy

The net financial assets per capita of Malaysians stood at EUR9,430, said Allianz.

West's Hong Kong office welcomes new CEO

His role is effective in December.

Sun Life Hong Kong sees over two-fold APE in H1 2024

It outperformed the industry’s overall growth of 29%.

Credit insurance gains focus amidst liquidity crunch

Japan reduced its days receivable to 42 days, best in the region.

Global equities attract more pension investments

It is expected to continue as larger pension plans diversify their equity strategies.

Prudential ups stake in Nigerian venture

This increases Prudential's ownership from the 51% stake it acquired in 2017.

Global risks could squeeze Asia Insurance's profits

Underwriting profits are expected to narrow over the next two years.

PSC shareholders vote for Ardonagh merger

The transaction is expected to close around 11 October.

Reinsurance market slated for 6.5% annual growth until 2032

Thanks to reinsurers expanding into new markets.

Interest grows in Asian life insurers' market dynamics

Yet, FX risks loom over Taiwanese life insurers.

Cambodian insurers see gross premiums inch up 1.92% in August

Number of policies in the general insurance market dwindled 31.9%.

Tokio Marine, Marsh launch port disruption insurance

Standalone coverage provides up to $50m in capacity for losses.

Why are few companies opting for AI-specific insurance?

Ransomware and phishing now worry 35% of executives.

China's insurers adjust risk control amidst lower returns

P&C insurers’ underwriting margins may shrink further.

Primary insurers bear more risk in new reinsurance climate

NatCat losses in the first half of 2024 were driven by medium-sized events.