Philippine pre-need income plunges 88% in Q1 2026
The industry still sold 244,233 plans in the first quarter of 2026. The Philippine pre-need industry net income dropped by 88.05% to $2.2m (P0.14b) in the first quarter of the…
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MAS proposes PCC model for separate insurance risks in one entity
The move supports captive insurance and alternative risk transfer. The Monetary Authority of Singapore (MAS) has issued a consultation paper proposing a legislative framework for a new Protected Cell Company…
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Asia-Pacific usage-based insurance to grow 18.6%
The global market was estimated at $32.6b in 2025. Asia-Pacific (APAC) is set to become the primary driver of global growth in the usage-based insurance (UBI) market, expanding at a…
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Cambodia insurance policies plunge 42% in April 2026
Gross premiums reached $27.0m in April 2026 after both life and general insurance declined 1%. Cambodia’s insurance market in April 2026 marginally decreased by 1% year-on-year (YoY) to $27.0m in…
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China pushes insurers to tailor products for women
Local authorities were encouraged to reduce counter-guarantee requirements. China introduced new measures covering artificial intelligence, energy and financial support for women, including guidance for insurers to develop products tailored to…
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Vietnam insurance rules let 62 disease groups skip referrals
Those with serious and rare conditions can go directly to specialised medical facilities from 1 July. Vietnam will introduce new Social Insurance and Health Insurance regulations nationwide from 1 July…
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Australia’s wealth gap punishes younger adults
Those aged 25 to 34 added just $67,620 in household wealth over the past 2 years. The wealth and well-being gap between older and younger Australians is widening and could…
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China unemployment insurance shields firms from layoffs
Companies that avoid or minimise job cuts can keep receiving refunds on prior year premiums. China has extended several unemployment insurance measures until the end of 2026, including policies that…
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National Australia Bank insurance app cuts bushfire risk to 1.5%
Customers can use the free rating tool to identify property upgrades before the fire season. National Australia Bank (NAB) has launched a new initiative to help homeowners lower their insurance…
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APAC obesity gap leaves employers with higher claims
Many health plans do not cover obesity medicines, treatments or surgery unless tied to another condition. Asia-Pacific (APAC) is facing growing health and insurance costs as obesity rates rise, with…
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