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The PA&H market is also forecasted to reach a CAGR of 6.6% during the period.
14/01/2025

The PA&H market is also forecasted to reach a CAGR of 6.6% during the period.

Singapore’s personal accident and health insurance market is projected to grow at a CAGR of 6.6% by 2029, GlobalData said.

Disability coverage is an underappreciated need amongst the youth, but few insurers promote these products, an expert sa...
07/01/2025

Disability coverage is an underappreciated need amongst the youth, but few insurers promote these products, an expert said.

Insurers in the Asia-Pacific region should start tapping the insurance market for Gen Z.

Medical costs in China are set to rise by 10.8% in 2025, according to WTW survey of insurers.
20/12/2024

Medical costs in China are set to rise by 10.8% in 2025, according to WTW survey of insurers.

Medical costs in China are set to rise by 10.8% in 2025, continuing a trend of double-digit increases for the second consecutive year, according to WTW.

P&C insurers should harness technology to cut costs, improve underwriting capabilities, and enhance customer experiences...
20/12/2024

P&C insurers should harness technology to cut costs, improve underwriting capabilities, and enhance customer experiences, experts said.

Property and casualty insurers should harness technology to cut costs, improve underwriting capabilities, and enhance customer experience, experts said.

Hong Kong’s top insurers rebounded in 2023 as improved market sentiment drove a 2.1% YoY increase in gross premiums.
19/12/2024

Hong Kong’s top insurers rebounded in 2023 as improved market sentiment drove a 2.1% YoY increase in gross premiums.

Hong Kong’s top insurers rebounded in 2023, as improved market sentiment drove a 2.1% increase in gross premiums from a year earlier, analysts said.

India's life insurance sector saw a robust 19.9% year-on-year (YoY) growth in Annual Premium Equivalent (APE) in Novembe...
17/12/2024

India's life insurance sector saw a robust 19.9% year-on-year (YoY) growth in Annual Premium Equivalent (APE) in November.

The life insurance sector in India posted a robust 19.9% year-on-year (YoY) growth in Annual Premium Equivalent (APE) in November.

Stable outlook for Japan's life insurers, thanks to premium income, core profits, diversification, and transition to a s...
13/12/2024

Stable outlook for Japan's life insurers, thanks to premium income, core profits, diversification, and transition to a solvency regime.

Japan’s life insurance segment will keep a stable outlook, AM Best said.

Marine insurance talent is vital for Hong Kong to rival leading global markets.
10/12/2024

Marine insurance talent is vital for Hong Kong to rival leading global markets.

Hong Kong should develop and expand its pool of underwriters if it wants to become an international hub for marine insurance and related businesses.

Business leaders across most G20 countries remain concerned about economic threats, despite improving conditions.
09/12/2024

Business leaders across most G20 countries remain concerned about economic threats, despite improving conditions.

Business leaders across most G20 countries remain concerned about economic threats, such as recession, labour shortages, and rising inflation

Singapore's top insurers' premiums contracted 9% YoY in 2023, due to slowing demand in the life insurance segment.
04/12/2024

Singapore's top insurers' premiums contracted 9% YoY in 2023, due to slowing demand in the life insurance segment.

Top insurers saw their premiums contract 9% YoY in 2023, Singapore Insurance 2024 rankings revealed.

South Korea's insurance industry is set to rebound by 1.2% in 2024 thanks to economic recovery and its ageing population...
02/12/2024

South Korea's insurance industry is set to rebound by 1.2% in 2024 thanks to economic recovery and its ageing population.

South Korea's insurance industry is projected to jump to $191.2b from $167.1b in 2025 in 2029 with a compound annual growth rate of 3.4%, GlobalData reported.

China’s personal insurance sector is projected to bag between $910b to $1.74t by 2035, according to Boston Consulting Gr...
28/11/2024

China’s personal insurance sector is projected to bag between $910b to $1.74t by 2035, according to Boston Consulting Group.

China’s personal insurance sector is projected to grow by 5% to 10% annually

2023's P&C decade-high investment yields and pricing gains drive reinsurers earnings for 2024-2026.
25/11/2024

2023's P&C decade-high investment yields and pricing gains drive reinsurers earnings for 2024-2026.

Reinsurers are poised for robust earnings from 2024 to 2026, driven by decade-high investment yields and significant pricing gains in P&C from 2023, S&P said.

S. Korea’s non-life insurance sector is experiencing moderate expansion as non-life insurers focus on securing future pr...
18/11/2024

S. Korea’s non-life insurance sector is experiencing moderate expansion as non-life insurers focus on securing future profits under IFRS 17.

S. Korea’s non-life insurance sector is experiencing moderate expansion as non-life insurers focus on securing future profits under IFRS 17.

Rising interest rates in Japan are expected to discourage general insurance uptake and lead to a wider protection gap, a...
14/11/2024

Rising interest rates in Japan are expected to discourage general insurance uptake and lead to a wider protection gap, analysts said.

Industry players are relying on data analytics to improve risk management.

The industry must tap digital distribution channels to unlock growth, according to AXA's CEO.
11/11/2024

The industry must tap digital distribution channels to unlock growth, according to AXA's CEO.

The industry must tap digital distribution channels to unlock growth, according to AXA.

Singapore’s travel insurance industry was valued at $143.2m last year and is expected to grow 22.6% annually through 203...
07/11/2024

Singapore’s travel insurance industry was valued at $143.2m last year and is expected to grow 22.6% annually through 2030.

The Singaporean insurer is targeting spontaneous travellers who love concerts.

Paul Ricard from Oliver Wyman discusses how effective governance and employee engagement are essential for insurers aimi...
06/11/2024

Paul Ricard from Oliver Wyman discusses how effective governance and employee engagement are essential for insurers aiming to deepen their culture of innovation using gen AI.

Employees still need to interpret AI-generated data and make decisions to minimise risks.

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Singapore FinTech Festival
Singapore FinTech Festival

It’s official – the #SFF2024 agenda is live! 🧭 Navigate the future with a roadmap for AI & Quantum, digital assets, next-gen transactions, sustainability, and more. Get the insights to frame 2025: https://bit.ly/3BYxFpy As a Supporting Media Partner, Insurance Asia invites you to the SG FinTech Festival at Singapore EXPO. Enjoy a 20% delegate pass discount by joining the SFF community here: https://bit.ly/3NGEXRe #InsuranceAsia #SFF2024 #SGFinTechFest #SFF

IA x MSIG: Young talent needed for insurances's evolving demands
IA x MSIG: Young talent needed for insurances's evolving demands

With half the workforce retiring, the insurance industry faces a talent shortage. https://bit.ly/48i0AB1

Hong Kong FinTech Week 2024
Hong Kong FinTech Week 2024

🚀Insurance Asia is pleased to announce that we're the official Media Partner of Hong Kong FinTech Week 2024 (#HKFTW24)! Organised by the 財經事務及庫務局 Financial Services and the Treasury Bureau and InvestHongKong, and the appointed event organiser Finoverse , #HKFTW24 is poised to bring together 35,000+ world's brightest minds in the industry, 800+ world-class speakers, 700+ Sponsors & Exhibitors and 500+ FinTech companies. 🗣️ Join us from October 28 - November 1 for an incredible week to gain exclusive insights from the tech visionaries and delve into 8 specialised forums covering the most pressing FinTech topics.AI, Blockchain, Green FinTech, WealthTech & InsurTech, and more. Reserve your spot now: https://fnvr.se/hkftw-media-partner #FintechHK #fintech #HK #hongkong #FSTB #HKFTW #HKFTW24 #HKFinTechWeek #innovation #technology #AI #blockchain #digitalassets #GreenTech #payment #WealthTech #InsurTech #InvestTech

IA x Sun Life Philippines: Client-centricity prioritised amidst market demands
IA x Sun Life Philippines: Client-centricity prioritised amidst market demands

Sun Life Philippines puts clients first with bold initiatives for a better experience. https://bit.ly/4dsXpay

IA x Insular Life: Philippines' insurance industry set to grow with rising middle class
IA x Insular Life: Philippines' insurance industry set to grow with rising middle class

Philippines' insurance industry poised for growth from rising middle class and incomes.https://bit.ly/3XHZxFM

IA x Kadence Philippines: Filipinos need insurance as safety net
IA x Kadence Philippines: Filipinos need insurance as safety net

The Philippines has low insurance penetration; cultural and economic factors drive this issue. https://bit.ly/3BiVtE2

Zurich Insurance cuts carbon footprint by 60% with innovative sustainability initiatives. https://bit.ly/4d0eNmN

IA x Etiqa: Insurers shift towards digitalisation for self-service platforms
IA x Etiqa: Insurers shift towards digitalisation for self-service platforms

Insurers embrace digital shifts, aiming for 90% online transactions by 2025. https://bit.ly/47nO9D7

IA x Cognizant: Insurers face rising costs from digital transformation
IA x Cognizant: Insurers face rising costs from digital transformation

Insurers struggle with tech spend visibility, according to Jorrit Pranger and Srinivasan Somansundaram of Cognizant. https://bit.ly/3zgYIeI

IA x Oliver Wyman: How Gen AI enhances insurance risk assessment efficiency
IA x Oliver Wyman: How Gen AI enhances insurance risk assessment efficiency

Generative AI is set to transform risk assessment and customer personalization in insurance, though its full impact is still unfolding, says Paul Ricard Asia Pacific Head of Insurance and Asset Management, Oliver Wyman. https://bit.ly/471ANMV

IA x Roland Berger: AI boosts productivity claims management
IA x Roland Berger: AI boosts productivity claims management

Half of insurers' algorithms will use artificially generated data to keep things fair and compliant by 2027. Laurent Doucet, Partner, Roland Berger sheds light on this trend. https://bit.ly/3yIpyfG

IA: Legal cases signal potential rise in malpractice payouts
IA: Legal cases signal potential rise in malpractice payouts

Two recent legal cases in Singapore suggest that future malpractice claims might start leading to bigger payouts, which could drive up insurance premiums for doctors. To shed light on this issue we have Melvin See Dentons Rodyk and Michael Griffiths Howden Group. https://bit.ly/3MgtcQQ

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