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Singapore insurers and banks expect slower profits in 2026
NewsAugust 30, 20262 min read

Singapore insurers and banks expect slower profits in 2026

Finance confidence slipped to 54.3 in Q4 2025, whilst the wider economy rose to 52.1 Insurers and banks in Singapore feel slightly pessimistic about their profitability in 2026, with an…

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Cyber insurance trails as only 10% of SMEs buy cover
NewsAugust 30, 20262 min read

Cyber insurance trails as only 10% of SMEs buy cover

Amongst the worst attacks, average losses in the top 10% of events topped $28m in 2024. Cyber insurance remains underutilised, the Geneva Association warns, as estimates suggest only around 10%…

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Nine in 10 Malaysians delay care despite insurance support
NewsAugust 30, 20262 min read

Nine in 10 Malaysians delay care despite insurance support

Over half also report difficulty booking or managing consultations through digital channels. Prudential Malaysia says insurance support is helping reduce healthcare cost concerns, but many Malaysians still delay getting treatment…

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How 1 April renewals pushed Japan cat rates down 16%
NewsAugust 30, 20262 min read

How 1 April renewals pushed Japan cat rates down 16%

Howden Re said another year of low catastrophe losses helped drive the decline. Reinsurance renewals at 1 April continued the softening trend seen earlier in the year, with risk-adjusted property…

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Allianz Singapore offers up to $46,800 in scam protection
NewsAugust 30, 20261 min read

Allianz Singapore offers up to $46,800 in scam protection

Two tier structure allows multiple shopping related claims under higher coverage level. Allianz Insurance Singapore has launched a digital lifestyle protection plan to address the rise in online scams and…

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GIFT City insurance market jumps 11-fold in 5 years
NewsAugust 29, 20262 min read

GIFT City insurance market jumps 11-fold in 5 years

Premium volume rose from $102m in 2020 to more than $1.2b by 2025. India’s Gujarat International Finance Tec-City (GIFT City) saw its insurance and reinsurance market expand from $102m in…

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AI can cut insurer costs 20% but adoption lags across sector
NewsAugust 29, 20262 min read

AI can cut insurer costs 20% but adoption lags across sector

Firms using the technology can also lift premiums by around 3% to 5%. Insurers are under pressure from rising claims costs, inflation and more volatile risks, and are turning to…

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Singapore insurance remote share drops 7.5 points as hiring cools
NewsAugust 29, 20262 min read

Singapore insurance remote share drops 7.5 points as hiring cools

Job postings across all sectors remain 12.0%, below year-earlier levels. Singapore’s insurance sector recorded an overall hiring slowdown in February as remote work offerings turned slim, according to the Indeed…

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Insurtech investors drop to lowest since 2017 as funding tightens
NewsAugust 29, 20262 min read

Insurtech investors drop to lowest since 2017 as funding tightens

Seven firms from the 2025 raised a combined $298m after October showing selective funding. Insurance companies are being warned that 2026 will be a year when technology execution matters more…

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Cover-More secures Aon clients and staff in travel cover push
NewsAugust 29, 20261 min read

Cover-More secures Aon clients and staff in travel cover push

The agreement spans retail accounts. Australia-based Cover-More has partnered with Aon to provide travel insurance solution. Kevan Johnston, CEO of Australia for Aon, said the new travel insurance partnership with…

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