Conventional policies accounted for approximately 80% of total new foreign currency business. Taiwan’s life insurance industry recorded a 39% year-on-year increase in new foreign-currency-denominated policy premiums to $10.4b (NT$330.9b) as…
Read article →Airpaz customers can obtain digital policies directly when booking flights through its website or mobile application. Tune Protect Group Berhad has expanded its travel insurance partnership with online booking platform…
Read article →Capital strength varied sharply across providers despite broadly stable industry-wide financial buffers. Financial capital levels across South Korea’s life insurance sector remained broadly stable quarter-on-quarter at the end of June…
Read article →Nearly two-thirds plan to increase usage over the next two years. Insurers are increasingly using facultative reinsurance to support growth and manage risk as abundant capital continues to push insurance…
Read article →Claims can remain unresolved for 4 to 8 years and sometimes 20 years or longer. Asia’s casualty insurance market has room to expand as insurance penetration remains low, but insurers…
Read article →The overall market expanded in H1 whilst the insurer’s performance weakened against competitors. AIA Group could see its market share in China’s bancassurance market rise as new sales and commission…
Read article →The agreement carries a negative 5% cede and is largely neutral to overall capital. Manulife Financial Corporation has closed a deal to reinsure $3.2b in long-term care policy reserves with…
Read article →Children receive lifetime cover whilst parents gain protection for specified age-related conditions. Prudential Singapore launched a whole-of-life protection plan which enables caregivers to provide protection for both their child and…
Read article →AI-focused companies received every transaction worth more than $5m during the quarter. Artificial intelligence (AI)-focused companies attracted 99.1% of global insurance technology (insurtech) funding in the second quarter of 2026,…
Read article →India’s insurance market grows twice as fast, but China remains six times larger. India is set to outpace China in insurance premium growth through 2030, but a $700b gap in…
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