Fitch said unmet demand remains a major challenge for insurers and reinsurers. Natural catastrophe insurance is expected to remain profitable over the long term, but both economic and insured losses…
Read article →More than half of people have no financial plan beyond one year. Households across Asia are focusing more on immediate expenses than long-term financial goals as inflation squeezes budgets, raising…
Read article →Cheques and manual work persist as fraud costs reach up to 5% of revenue. Hong Kong insurers risk losing customers to digital-first rivals unless they modernise ageing technology that slows…
Read article →North America still holds the largest global market share at 34.2%. Asia-Pacific’s embedded insurance market will be the fastest-growing region by 2035, with an estimated compound annual growth rate (CAGR)…
Read article →Workers can submit evidence if they find insurance or pension violations. Taiwan’s Ministry of Labour has reminded employers to provide labour insurance and pension contributions for students taking part-time jobs…
Read article →The programme was first introduced on 1 July 2022 across 17 provincial level regions. China launched a nationwide expansion of its pilot occupational injury insurance programme, extending social protection to…
Read article →Meyenhofer, with 23 years of experience, will lead this practice. Swiss Re has opened its new group broker management practice and appointed Matthias Meyenhofer as group broker executive. Meyenhofer has…
Read article →The programme has already protected 1,898 livestock in Antique. The Philippine Crop Insurance Corporation (PCIC) has urged swine growers in Antique to register for free hog insurance whilst the province…
Read article →Prudentials Mohit Tandon said usage is now the million-dollar question. Insurers are finding that artificial intelligence (AI) pilots are easier to launch than to scale, as weak adoption, limited executive…
Read article →The market ranks second only to Hong Kong in Asia for insurance penetration at 10.1% of GDP. Taiwan’s insurance premiums are forecast to reach $145.0b (EUR127.2b) by 2036, bolstered by…
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