Health insurance market to exceed $5t by 2032
The senior citizens segment is expected to expand by more than 3.5% annually. The global health insurance market, valued at more than $3t in 2022, is expected to grow at…
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India leads major insurance markets at 7.1%: Swiss Re
Life premiums are projected to rise about 7% following tax and regulatory changes. Asia’s insurance markets are expected to grow faster than the global average in 2026, led by life…
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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
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
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
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
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
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
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
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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