News
India’s non-life premiums see double-digit growth in FY’24
The industry is projected to grow 13% to 15% in the medium term.
India’s non-life premiums see double-digit growth in FY’24
The industry is projected to grow 13% to 15% in the medium term.
AllianzGI expands footprint in China
The company received approval for its FMC business back in August 2023.
How insurance companies can embrace sustainability
A Sustainable Insurance Roadmap was made to guide companies on how they can incorporate sustainability into their strategies.
Korean Re notes potential growth of pet insurance amid low uptake
Whilst there is a growing demand for pet insurance in Korea, only 11.9% of households with pets availed of insurance.
Outlooks of six Chinese insurers pressured by sovereign risks
On the contrary, one insurer should experience a stable outlook.
AXA Mandiri’s Shariah insurance fosters mutual assistance amongst participants
Risks are shared and covered collectively by all Participants (Takaful) to mutually help one another.
Ping An Life to see 15% YoY NBV growth in Q1’24 – Nomura
A catalyst could be the low base effect in the first two months of COVID restrictions.
Low investment risk seen for ClearView after asset sale
The Australian insurer sold its investment in Centerpoint Alliance in November 2023.
Howden warns against over-reliance on cyber insurance
The insurance broker listed three AI threats haunting organisations.
Gallagher Re calls for nuanced view of PE-backed reinsurers
Critics warn of short-term profit strategies risking stability and trust.
Global exposure growth reaches 11.7% YoY
IED for Wind Japan was stable against the Yen.
China boosts financial services to advance new industrialisation
Insurance funds should provide long-term stable financial support.
Asia energy firms seek lasting insurer partnerships
Widening desirability gap favours high-end clients, possibly easing rate trends in 2024.
South Korean insurers adapt to new regulations
Regulatory changes prompt tax benefits to rise and the government to support overseas expansion.
KDB Life grapples with high leverage, Fitch reports
The insurer’s CSM increased in 2023, reflecting a focus on profitable policies.
Elevated risk environment prompts challenges for reserve management
Aggressive inflation has complicated loss predictions and could underestimate severity.
Gov’t streamlines China’s medical insurance reimbursement system
One of the payment methods will offer a QR code option.
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Event News
Industry executives at Insurance Asia Forum 2024 push the digital mindset in developing an efficient ecosystem.
