Asia-Pacific insurance may reach $10t by 2034
The sector is forecast to grow at a 15.6% annual rate through 2034. Asia-Pacific’s insurance market is likely to bag $3.04t this year, driven by a rising middle-class population and…
Read article →
China insurers beat growth fears in Q1 2026: UOBKayHian
AIA reported 26% new business growth in China during the quarter. Major insurance companies in China, including AIA and Prudential, have reported a strong start to 2026, with new business…
Read article →
Cyber insurance shock could emerge every 10 to 18 years
Howden Re compared potential cyber losses to moderate catastrophe years such as 2008. Cyber insurance may be approaching another turning point after four straight years of falling rates, as the…
Read article →
Insurers fail digital test as only 7% reach top tier
Nearly one-third of firms have fully digitised their value chains. Only 7% of the world’s largest insurers qualify as top-tier “Digital Competitors” despite wider investment in digital transformation across the…
Read article →
Australians use healthcare BNPL as premiums rise 4.41%
April’s premium increase was the steepest average rise in a decade. Only a fifth of Australians with private health insurance — equivalent to 3.37 million people — have used Buy…
Read article →
Japan insurers’ foreign deals may force hybrid debt issuance
Fitch said most insurers built capital buffers through earnings and hybrid debt. Major players such as Nippon Life, Dai-ichi Life, and Tokio Marine are expected to continue acquiring foreign insurers…
Read article →
Sun Life reported income falls 49.9% to $340m in Q1 2026
Underlying earnings per share stood at C$1.9 in the quarter. Sun Life’s underlying net income in the first quarter (Q1 2026) marginally increased by 0.48% on a year-on-year (YoY) basis…
Read article →
How can Philippine insurers close the country’s disaster protection gap?
Insurance penetration remains below regulator targets despite market growth. The Philippines’ general insurance market is projected to grow 9.2% annually to $3.9b by 2030 as natural disasters drive demand, even…
Read article →
Zurich Malaysia hit with penalties over compliance gaps
Zurich General Insurance and Zurich General Takaful Malaysia were separately fined in January. Zurich Malaysia said it acknowledges sanctions issued by the central bank related to its 2022 screening process.…
Read article →
FWD Insurance new business first year premiums surge 59% in 2025
The insurer ranked third amongst new business single premiums. FWD Insurance reported that new business first year premium (FYP) increased by 59% year-on-year (YoY) whilst new business annual premium equivalent…
Read article →