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FWD Singapore and Ascend Asia partner on financial advisory services
NewsJuly 26, 20262 min read

FWD Singapore and Ascend Asia partner on financial advisory services

Firms will collaborate on analytics, technology, and advisory tools. FWD Singapore and Ascend Asia Financial Services Group have signed a long-term strategic partnership to expand access to insurance and investment…

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Travel credit insurance market exceeds $14.1b
NewsJuly 26, 20262 min read

Travel credit insurance market exceeds $14.1b

Rising tourism and exposure to natural disasters are increasing protection demand across APAC. The global travel credit insurance market was valued at $14.1b in 2023 and is projected to expand…

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Chubb and Atome launch shopping fraud cover
NewsJuly 26, 20261 min read

Chubb and Atome launch shopping fraud cover

Cardholders can seek reimbursement when goods arrive damaged or fail to arrive. Chubb Philippines and buy-now-pay-later platform, Atome Philippines, partnered to launch a shopping insurance plan with personal accident benefits…

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Sompo acquires Fator to expand Brazil insurance business
NewsJuly 25, 20261 min read

Sompo acquires Fator to expand Brazil insurance business

The target specialises in property surety and financial lines for corporate clients. Sompo International Holdings Ltd. has agreed to acquire Fator Seguradora in Brazil through a wholly owned subsidiary, the…

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Cambodia signs university deal amidst insurance literacy gap
NewsJuly 25, 20262 min read

Cambodia signs university deal amidst insurance literacy gap

Only 1.11% of national economic output is covered by the industry. The Insurance Regulator of Cambodia (IRC) has signed a Memorandum of Understanding (MoU) with ACLEDA University of Business (AUB)…

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AIA and MediCard combine life and health benefits
NewsJuly 25, 20261 min read

AIA and MediCard combine life and health benefits

Employers can provide medical access and financial protection through a single package. AIA Philippines and MediCard have launched Group Life + HMO, an employee benefits plan that combines life insurance…

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Japan forces uninsured verification for medical cover
NewsJuly 25, 20262 min read

Japan forces uninsured verification for medical cover

Expired conventional cards will no longer be accepted under the temporary measure from August. Beginning in August, insured medical treatment in Japan will only be available to patients with a…

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Allianz buys HSBC Life Singapore for $2.1b
NewsJuly 25, 20262 min read

Allianz buys HSBC Life Singapore for $2.1b

The agreement includes a 15 year exclusive bancassurance partnership through HSBC. Allianz has agreed to buy HSBC Life Singapore for S$2.7b (US$2.1b), with the transaction expected to complete in the…

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Korea lowers insurance costs as factories go smart
NewsJuly 25, 20262 min read

Korea lowers insurance costs as factories go smart

Group purchasing already places rates 20% to 28% below standard market pricing. South Korea’s Korea Federation of Small and Medium Enterprises will offer a 5% premium discount on product liability…

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This week in insurance: Japan’s solvency overhaul begins, China claims rise, APAC insurers announce leadership moves
NewsJuly 25, 20262 min read

This week in insurance: Japan’s solvency overhaul begins, China claims rise, APAC insurers announce leadership moves

Vietnam grows its social insurance coverage in the first half of 2026. The insurance industry from 13 to 17 July major regulatory reforms, market growth, leadership changes, and continued digital…

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