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Economic slowdown challenges insurance underwriting; emerging markets show promise
Swiss Re Institute analyst underscored that real premium growth in emerging markets, including China, outpaces the more advanced economies.
Economic slowdown challenges insurance underwriting; emerging markets show promise
Swiss Re Institute analyst underscored that real premium growth in emerging markets, including China, outpaces the more advanced economies.
Australia’s general insurance sector to surge 9.1% by 2027
The industry is seen to grow by 9.5% in 2023 and 9.8% in 2024.
Rising S’pore EV registrations prompt insurers to evaluate premiums and coverage
Plugging into Lion City’s 80% emission cut goal, EVs bring progress and new risks for motorists.
Swiss Re upbeat about growth of insurance sector
As a cautionary note, an economist said fixed annuities face potential decline as higher Interest rates shift consumer preferences.
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Hong Kong’s top 50 insurers experience 7.7% YoY premium contraction in 2022
Analysts said the market’s complex financial environment and shrinking population curtailed industry growth. Cross-border expansion could alleviate contraction pains.
Singapore’s top 50 insurers see 3.7% YoY asset decline in 2022
Experts’ industry outlook for 2023-2024 centres on digital evolution with AI, protection gaps, strategic partnerships, and resilience amidst challenges.
Arthur D. Little sees embedded finance growth to $350b in 2024
Generative AI and the expansion of fintech brands into the insurance sector are predicted to propel the industry’s advancement to new heights.
Swiss Re: Asia’s insurance players target health industry in 2024
In Singapore, shifting focus to health underscores the need for insurance players to close the protection gap that has remained unchanged in the last 5 years.
Thailand’s general insurance market to generate $11b by 2027 – GlobalData
Motor insurance accounts for 54.8% of the GWP in 2022, and is expected to grow by 5.6% in 2023.
China’s life insurance dips further in October
Its total premium income fell 8% YoY.
Indonesia’s insurance M&A to reach $22b in 2027: GlobalData
The increase in MCR for insurers is expected to lead to merger and acquisition (M&A) activities.
Manulife Singapore targets rapidly growing high-net-worth market
New data suggests young beats old in appetite for investments.
Asia’s mortality protection gap grim by 2030, prediction shows $119t rift: report
Cyber insurance market in Asia is projected to triple in size from 2022 to 2025.
Why emerging markets in the region are most vulnerable to insurance risks
Analysts have named five risks the insurance sector in Asia will have to navigate in the coming months.
Global cyber insurance market to see 50% growth in next five years: Swiss Re
Swiss Re said no country has fully realised the economic potential of digital technology in the insurance sector.
Nearly 2 in 5 of SEA’s L&H premiums now from bancassurance: Swiss Re
But many customers don’t trust bank sales representatives as much, the study found.
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1. Financial firms lead LinkedIn’s top companies in Singapore 2. InterContinental Singapore is saving insurance for a rainy day 3. 25% of employers to enhance insurance coverage in the next two years 4. Insurers struggle to balance customer acquisition and retention: study 5. Allianz Partners collaborates with MoneyHero for travel insuranceResource Center
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1. Financial firms lead LinkedIn’s top companies in Singapore 2. InterContinental Singapore is saving insurance for a rainy day 3. 25% of employers to enhance insurance coverage in the next two years 4. Insurers struggle to balance customer acquisition and retention: study 5. Allianz Partners collaborates with MoneyHero for travel insuranceAwards
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