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Aug 2021



China: Insurance market gains in global market share

China continues to take a growing share in terms of total premiums, reaching 10.5% of the global insurance market last year, according to Swiss Re’s latest sigma report titled ‘World insurance: the recovery gains pace’.

India: LIC's mega IPO a step closer after cabinet approval

The Economic Affairs Committee of the Indian cabinet has approved the initial public offering of state-run insurer Life Insurance Corporation (LIC), India’s largest life insurance company, reported Bloomberg quoting disinvestment secretary Tuhin Kanta Pandey.

Indonesia: Health insurance business grows

The Financial Services Authority (OJK) has said that public awareness of health insurance is increasing during the COVID-19 pandemic.

Taiwan: Toppled from throne after 13 years

Hong Kong overtook Taiwan last year as the insurance market with the highest penetration rate in the world, a crown which Taiwan had worn for 13 consecutive years to 2019.


Net-zero transition blocked by insurance innovation 'barriers'

Greater collaboration across the market is required and governments need to accelerate the transition to a net-zero economy through more innovative risk transfer products according to a new report by global insurance industry group ClimateWise.

Sea level rise poses economic threat to Asian coastal cities

An estimated $724bn of GDP of seven major Asian cities will be exposed to the risk of extreme sea-level rise and coastal flooding by 2030 according to a new report from Greenpeace East Asia.