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McKinsey survey finds awareness-action gap in retirement planning in APAC
NewsSeptember 22, 20262 min read

McKinsey survey finds awareness-action gap in retirement planning in APAC

Only 24% of respondents have documented their retirement plans. Consumers across Asia–Pacific (APAC) are worried about retirement but are not taking enough action to prepare for it, with a 75…

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Macau Insurance underwriting recovery set after loss-making lines cut
NewsSeptember 22, 20261 min read

Macau Insurance underwriting recovery set after loss-making lines cut

The insurer’s operating results have been consistently positive over the past 20 years. Macau Insurance Company Limited (MIC) is expected to improve its underwriting result in 2026, AM Best said.…

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APAC retirement products fail consumers seeking combined cover
NewsSeptember 22, 20263 min read

APAC retirement products fail consumers seeking combined cover

Only 14% hold long-term care protection whilst 26% want more. Most Asia-Pacific (APAC) consumers hold a form of life insurance policy or retirement plan, but McKinsey said retirement products were…

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Philippine life premiums rise 18% to $4b in H1 2026
NewsSeptember 22, 20261 min read

Philippine life premiums rise 18% to $4b in H1 2026

Benefit payments jumped 19.57% to $1.1b in the first half. Premium collections of life insurance companies in the Philippines rose 17.91% in the first half of 2026, driven mainly by…

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Prudential Life Insurance’s new contracts plunge 91% after sales halt
NewsSeptember 22, 20262 min read

Prudential Life Insurance’s new contracts plunge 91% after sales halt

106 current and former employees were linked to misconduct cases. Prudential Life Insurance Co. Ltd., the Japan unit of Prudential Financial Inc., reported an 84.3% drop in annualised insurance premiums…

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Hong Kong arrests 15 in insurance qualification fraud case
NewsSeptember 22, 20261 min read

Hong Kong arrests 15 in insurance qualification fraud case

The operation covered nine sites and involved both the regulator and police. The Insurance Authority (IA) and the Hong Kong Police Force (HKPF) have carried out a joint enforcement operation…

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How can insurers make long-term protection a bigger priority for Filipinos?
NewsSeptember 22, 20262 min read

How can insurers make long-term protection a bigger priority for Filipinos?

Four in 10 middle-income Filipinos are not prioritising long-term financial security. Philippine insurance premiums continued to rise in the second quarter, but many middle-income Filipinos remain focused on day-to-day expenses…

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South Korea underfunds health insurance as deficit nears
NewsSeptember 22, 20261 min read

South Korea underfunds health insurance as deficit nears

State support stands at 14.2% of projected premium revenue. South Korea’s national health insurance system is projected to enter a deficit this year as government financial support remains below levels…

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Prudential cuts ICICI AMC stake by 2% for $0.3b
NewsSeptember 22, 20261 min read

Prudential cuts ICICI AMC stake by 2% for $0.3b

Shares changed hands at INR3,065 each on 27 August. Prudential plc has sold a 2% stake in ICICI Prudential Asset Management Company through an open market sale, raising proceeds equivalent…

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Guy Carpenter names Justin Ward Pacific CEO
NewsSeptember 22, 20261 min read

Guy Carpenter names Justin Ward Pacific CEO

Ward takes responsibility for regional broking operations and business strategy. Marsh has appointed Justin Ward as CEO of Guy Carpenter Pacific, effective immediately. Ward will report to Tony Gallagher, CEO…

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