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FWD launches MultiCover CI as cancer survival reaches 61%
NewsAugust 3, 20262 min read

FWD launches MultiCover CI as cancer survival reaches 61%

Mortality declined to 72 deaths per 100,000 people during 2019 to 2023. FWD Singapore has launched FWD MultiCover CI, a new critical illness policy designed to provide ongoing payouts rather…

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This week in insurance: S’poreans lag on care planning, AI reshapes workforce, Japan quake losses limited
NewsAugust 3, 20263 min read

This week in insurance: S’poreans lag on care planning, AI reshapes workforce, Japan quake losses limited

Rise of China insurance and wealth management firms are shrinking office vacancy rates in Hong Kong. The insurance industry from 27 to 31 July saw growing focus on retirement and…

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AIA expands cross-border care as 34% fear medical costs
NewsAugust 3, 20262 min read

AIA expands cross-border care as 34% fear medical costs

Dental card users can receive treatment without upfront payment. AIA Singapore will introduce enhancements to its corporate employee benefits insurance from 1 August 2026, expanding access to healthcare services in…

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Hyundai Insurance targets profit as past growth strains capital reserves
NewsAugust 3, 20262 min read

Hyundai Insurance targets profit as past growth strains capital reserves

AM Best expects moderate revenue gains and further portfolio improvement. Hyundai Insurance (China) Co., Ltd. (HIC) will likely have a better outlook in the medium term, with expectations that the…

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Sompo agrees to buy US workers’ compensation specialist
NewsAugust 3, 20261 min read

Sompo agrees to buy US workers’ compensation specialist

The target focuses solely on workplace injury cover for SMEs. Sompo International Holdings has agreed to acquire Service Insurance Companies, a US-based workers’ compensation insurer, as it looks to strengthen…

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Jefferies warns policy growth lags Hong Kong premium surge
NewsAugust 3, 20262 min read

Jefferies warns policy growth lags Hong Kong premium surge

Brokers became the largest channel for Manulife and FWD. Hong Kong’s life insurance market continued to record broad-based growth in the first quarter of 2026, with agents remaining the main…

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Bangladesh reforms start as $570m in claims remain unpaid
NewsAugust 3, 20262 min read

Bangladesh reforms start as $570m in claims remain unpaid

Auditor supervised accounts will hold proceeds from property bonds and other holdings. Bangladesh’s Insurance Development and Regulatory Authority (IDRA) has made the settlement of long-pending insurance claims its top priority…

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PartnerRe names Gupta as India CEO
NewsAugust 3, 20261 min read

PartnerRe names Gupta as India CEO

Previously, Gupta was the head of Client Management over at Munich Re India. PartnerRe has appointed Ankur Gupta as CEO for its India office. Gupta has more than two decades…

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Insurers cannot bank on the current cycle: Bain & Co.
NewsAugust 3, 20263 min read

Insurers cannot bank on the current cycle: Bain & Co.

Loss-prevention technologies could reduce claims by 10% to 20%. Investors remain uncertain about insurers’ ability to deliver sustainable earnings growth beyond the current cycle, particularly in the future earnings growth…

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China cuts medical device prices under national crackdown
NewsAugust 3, 20262 min read

China cuts medical device prices under national crackdown

More than 50,000 certified workers have been trained to deliver nursing and personal assistance. China’s basic medical insurance programme added more than fourm enrollees in 2026 compared with the same…

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