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Prudential Hong Kong expands direct billing service to cancer care
NewsAugust 8, 20262 min read

Prudential Hong Kong expands direct billing service to cancer care

Eligible customers can access cashless oncology treatment at Union Oncology Centre. Prudential Hong Kong has expanded its Medical Expenses Direct Billing Service to cover eligible oncology treatment at Union Hospital’s…

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India insurer Ageas Federal Life reports near‑perfect claim settlement ratios
NewsAugust 7, 20261 min read

India insurer Ageas Federal Life reports near‑perfect claim settlement ratios

Three in four eligible claims were settled within seven days in FY2025–26. Ageas Federal Life Insurance reported a 99.82% individual claim settlement ratio for financial year 2025 to 2026, according…

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Insurers chase AI gains as workers fear job losses
NewsAugust 7, 20263 min read

Insurers chase AI gains as workers fear job losses

Ninety-two million jobs may be displaced by AI by 2030. Trust is becoming a balance-sheet issue for insurers betting on artificial intelligence, as companies race to automate underwriting, claims and…

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Allianz Trade extends credit insurance to Mastercard VCN issuers in the travel sector
NewsAugust 7, 20262 min read

Allianz Trade extends credit insurance to Mastercard VCN issuers in the travel sector

This addresses a long-standing cash flow issue in B2B travel. Allianz Trade has partnered with Mastercard to extend trade credit insurance to issuers using Mastercard Virtual Card Numbers (VCNs) in…

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Asia insurers risk irrelevance as protection gaps widen
NewsAugust 7, 20265 min read

Asia insurers risk irrelevance as protection gaps widen

An expert said Singapore saves 36% of its income despite having high protection and critical illness gaps. Asia’s insurance industry is rethinking how it defines customer value as ageing populations,…

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Asia to add $1.1t in life premiums over the next 10 years
NewsAugust 7, 20262 min read

Asia to add $1.1t in life premiums over the next 10 years

Singapore’s total insurance premiums rose 10.7% to $45.3b in 2025. Asia remained the main driver of global life insurance growth in 2025, with premiums rising 9.9%. According to Allianz Research’s…

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South Korean firms seek insurance amidst workplace injury risks
NewsAugust 7, 20262 min read

South Korean firms seek insurance amidst workplace injury risks

Aon said 64.3% of organisations have plans for work-related injuries. Over half of South Korean businesses are considering insurance and risk transfer as competition, workplace safety and financial pressures reshape…

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Tata AIA targets cancer income gap with new cover
NewsAugust 7, 20262 min read

Tata AIA targets cancer income gap with new cover

The product includes a diagnostic benefit for early stage medical screening costs. Tata AIA Life Insurance has announced the launch of two new products, ‘Sampoorna Care – Cancer’ and ‘Sampoorna…

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Metro buyers make up 75% of India home loan cover sales
NewsAugust 7, 20262 min read

Metro buyers make up 75% of India home loan cover sales

Demand from non-metro areas has accelerated over the last 2 months. Home loan insurance adoption in India has increased sevenfold over the past five months, driven by borrowers looking to…

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Four in five Singaporeans fear outliving their savings
NewsAugust 7, 20262 min read

Four in five Singaporeans fear outliving their savings

Seventy percent are worried about affording future care needs above the regional average. Many adults in Singapore are delaying their financial planning, including retirement and insurance needs, because they are…

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