The insurance market in Korea is expected to decline by 0.7% in 2023 compared to an increase of 11.6% in 2022, with total premiums projected to reach KRW250.9tn ($186bn), according to a blog on the website of Korean Re.
Muang Thai Life Assurance (MTL) is partnering with Line BK, a provider of social banking services, to introduce an insurance brokerage service that primarily caters to those with lower incomes and freelancers.
Vietnam, Indonesia, Thailand, and the Philippines face unique emerging risks, resulting in distinct nuances within their insurance sectors, says the Singapore-headquartered regional InsurTech company, Igloo.
The Financial Services Council (FSC) has announced that responsibility for the Life Insurance Code of Practice (Life Code) will be transferred to the Council of Australian Life Insurers (CALI) on 29 September 2023.
The insurance industry in the Philippines raked in a net income of PHP22.4bn ($393.5m) in the second quarter of 2023, 4.23% higher than in the corresponding period in 2022, according to data released by the Insurance Commission (IC).
Technological addiction not only exacerbates young people's mental health problems, it also worsens their loneliness and body image issues according to a new report by AXA Hong Kong and Macau.
Less than half (49.4%) of the Southeast Asians participating in a survey perceive climate change with high urgency levels, even as the region experiences extreme weather disasters fuelled by global warming.
A new report has revealed that 82% of workers in Asia have a high (35%) to moderate (47%) mental health risk, which highlights a growing concern of workplace wellbeing in Asia.
Singapore's recently introduced framework for domestic systematically important insurers (D-SIIs) is a positive move for the country's insurance industry, says S&P Global Ratings (S&P).
The IRDAI expects to launch all-in-one affordable insurance product, Bima Vistaar - the first of its kind - soon. The policy offers life, health and property coverage.