A survey by AIA Singapore has revealed that two-thirds (66%) of Singapore's local workforce are worried about job loss due to illness or disabilities and more than half (53%) do not have any disability income protection.
The bancassurance distribution channel is facing huge challenges from the digital space and ecosystems. These are increasingly appealing to today's technology-driven marketplace both in terms of products and reach, said speakers at the virtual "Asia Conference on Bancassurance and Alternative Distribution Channels" that opened yesterday.
Howden Insurance Brokers in Singapore, part of the international insurance broking group Howden, has acquired the business and assets of AEGIS Insurance Agencies, as it presses on with its strategy to expand Howden Asia's range of specialties.
CoverGo, a leading global enterprise no-code SAAS insurance platform, yesterday announced it has secured $15m in Series A funding led by California-based SemperVirens VC.
Private non-life insurer HDFC ERGO has launched the country's first 'pay as you drive' programme, insurance that offers distance-based insurance under the own damage section to help reduce upfront insurance costs.
2022 will be a year of transition for the insurance industry as it seeks to manage the inflation surge and consequent rises in interest rates, says Swiss Re Institute in its latest sigma report titled "Stagflation: the risk is back, but not 1970s style".
Insurance pricing in the first quarter of 2022 in Asia increased by 3%, down from 4% in the prior quarter, as price increases continued to moderate, according to Marsh, the world's leading insurance broker and risk advisor.
A survey of SME businesses in South and Southeast Asia has highlighted a gap in their current protection levels and the risks they currently face.
A new study conducted by cyber security company Surfshark has found that children in India have the strongest online risk management skills due to their ability to cope with cyber bullying and its consequences.
There are opportunities for insurers and reinsurers to help build societal and corporate resilience and manage ever-present risks, said Ms Gillian Tan, Monetary Authority of Singapore (MAS) assistant managing director (Development & International).