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Ransomware drives up insurance costs for nearly half of Singapore firms
NewsOctober 20, 20262 min read

Ransomware drives up insurance costs for nearly half of Singapore firms

Semperis finds attacker use of AI was reported by 60% of affected local organisations. In Singapore, 52% of organisations experienced business disruption or revenue loss, 47% faced cancelled cyber insurance…

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Can Singapore life insurers sustain growth as premiums slow?
NewsOctober 20, 20262 min read

Can Singapore life insurers sustain growth as premiums slow?

Health insurance premiums surged 66.5% in the first half of 2026. Singapore’s life insurance premium growth is expected to slow to as much as 9% in 2027 from 17% this…

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Indonesia insurers face profit squeeze despite stable outlook
NewsOctober 20, 20263 min read

Indonesia insurers face profit squeeze despite stable outlook

AM Best expects robust premium growth, but medical inflation continues to weigh on earnings. Indonesia’s non-life insurance sector will likely maintain a stable outlook, but rising claims costs and competition…

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Taiping Reinsurance sustains strong capital position: AM Best
NewsOctober 20, 20262 min read

Taiping Reinsurance sustains strong capital position: AM Best

First-half net profit reached $107m as underwriting and investment performance supported financial stability. Taiping Reinsurance Company (TPRe) is expected to maintain its strongest level of risk-adjusted capitalisation, supported by improved…

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Taiwan approves full health insurance subsidies for seniors
NewsOctober 20, 20262 min read

Taiwan approves full health insurance subsidies for seniors

Eligible residents aged 65 and older will have their monthly premiums covered by the central government. Taiwan has passed the an amendment to Article 22 of the Senior Citizens Welfare…

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HDFC Life lifts new business value 15% to $122m
NewsOctober 20, 20262 min read

HDFC Life lifts new business value 15% to $122m

Protection and savings products helped the insurer improve its profitability margin to 24.5%. HDFC Life Insurance’s value of new business (VNB) margin remained within its guided range of 24% to…

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Canara HSBC Life launches dollar-based wealth plan
NewsOctober 20, 20261 min read

Canara HSBC Life launches dollar-based wealth plan

Overseas Indian investors can access international equities and precious metals alongside life insurance coverage. Canara HSBC Life Insurance Company Limited has launched the Global Wealth Plan, an individual, unit-linked, non-participating…

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This week in insurance: Mox launches home cover, Igloo enters Türkiye, FWD invests in bolttech
NewsOctober 18, 20262 min read

This week in insurance: Mox launches home cover, Igloo enters Türkiye, FWD invests in bolttech

The week also recorded acquisition activity and growing interest in legacy planning. The insurance sector from 12 to 16 October saw new digital insurance products, cross-border expansion, and rising concerns…

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Generali, World Bank target Asia’s climate insurance gaps
NewsOctober 18, 20261 min read

Generali, World Bank target Asia’s climate insurance gaps

The agreement also covers agricultural protection and financial solutions for ageing populations. Generali and the World Bank Group (WBG) have today signed a Memorandum of Understanding during the Annual Meetings…

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FWD Limited acquires 25% of bolttech insurance for $20.72m
NewsOctober 17, 20261 min read

FWD Limited acquires 25% of bolttech insurance for $20.72m

The deal covers general insurance and group medical insurance. FWD Limited is acquiring 25% of the share capital of bolttech insurance for $20.72m (HK$162.61m), subject to a closing adjustment. FWD…

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