Magazine

Read the latest edition of AIR and MEIR as an Interactive e-book

Jul 2025

News


Asian

South Korea: Insurance market reports lower net results in 1Q2025 despite higher premium income

South Korea’s 22 life and 31 non-life insurance companies generated KRW4.097tn ($2.98bn) in preliminary net income for the first quarter of 2025, down by KRW769.9bn or 15.8% from the corresponding quarter a year earlier, the Financial Supervisory Service says in a statement.
 


Philippines: Lawmaker warns Gulf conflict may drive up shipping premiums

Albay 2nd District Representative Joey Salceda has called on the Maritime Industry Authority (Marina) and the Department of Trade and Industry (DTI) to keep a close watch on potential increases in shipping insurance premiums amid escalating tensions between Israel and Iran, reported Manila Bulletin.
 


Australia: Regulator proposes changes to capital framework for annuity products

The Australian Prudential Regulation Authority (APRA) has proposed to allow reduced capital requirements for annuity products in return for enhanced risk management by life insurers, including closer matching of assets and liabilities.
 


Indonesia: Health insurance co-payment rules to take effect from 1 January 2026

Insurance policyholders in Indonesia will be required to cover at least 10% of the total outpatient or inpatient claims incurred at medical facilities, according to new rules set by the Financial Services Authority (OJK) to implement risk-sharing between insurers and policyholders. The new stipulation will come into effect from 1 January 2026.