Insurance

WTW urges APAC banks to consider non-payment insurance

Uncertainties like the Chinese real estate crisis call for effective credit risk management.

WTW urges APAC banks to consider non-payment insurance

Uncertainties like the Chinese real estate crisis call for effective credit risk management.

F&B industry underinsured against business interruption

29% said they are covered for property damage from extreme weather only.

Malaysia's general insurance to grow at 7.8% CAGR by 2028

The industry could see $5.0b in direct written premiums this year.

Singapore leads in cyber insurance with 96% adoption rate

About 76% of businesses reinforced cyber defences to qualify for insurance.

Japan’s life insurers face moderate credit risk

Thanks to their notable allocation to fixed-income investments.

Why insurers have a $10t role in mobilising the climate transition

Howden and BCG said insurance premiums are projected to rise by 50% by 2030.

Why global cyber insurance market will remain stable in the next 12 months

Geopolitics and AI are ongoing risks that could potentially impact profitability.

Marsh lists 4 ways to gain an advantage in growing EV market

The EV insurance market is forecasted to expand to $687.62b by 2029.

Innovative partnerships propel FWD’s health insurance growth in APAC

FWD’s new health unit, HealthyMe, aims to meet the region's growing healthcare demands amidst rising incomes.

China's insurance assets surge to $32t

The industry represents only 7% of China's total financial assets.

Vietnam and the IMF discuss social insurance expansion

Topics included enhancing pension policies amidst changes to the Law on Social Insurance.

Australian insurance sector combats inflation with premium hikes

Its life insurance premiums are seen to grow ~3% in 2024 and 2025 modestly.

APAC to lead global EV insurance market in the next five years

The global EV insurance market is seen to skyrocket by 40.3% in CAGR.

Japan’s interest rate rise offers lessons for China’s insurers

To manage low interest, Japanese insurers shifted to foreign securities and protection-type policies.

8 in 10 Filipinos seek more insurance amidst rising costs

Out-of-pocket health expenses reached $9b in 2022.