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