The overall credit fundamentals of Japanese life insurers will remain resilient in the financial year ending March 2024 (FYE24), said Fitch Ratings in a new report.
Aegon Life has launched India's first life insurance cover tailored for surrogate mothers and egg-donors.
DirectAsia Singapore, part of the Hiscox group, has launched a tailored insurance cover for Singapore based families planning holiday trips abroad during the school holidays in June.
InsurTechs have been under increasing pressure to demonstrate a plan for profitability as investors tighten their wallets to fund startups.
China's ZhongAn Insurance, together with ZhongAn Technology, has published a white paper on generative AI technology.
Asia could face serious and urgent water challenges ahead as climate change impacts the continent's 10 mighty rivers that flow through 16 Asian countries according to a new report.
Traditional insurance brokers primarily focuses on securing insurance coverage for their clients, but the broker of the new age must be more than that, said Singapore Insurance Brokers' Association president Ng Leng Leng.
China is gearing up for another summer of scorching temperatures in 2023. Major Chinese cities have issued heat advisories warning their citizens that potentially record-breaking temperatures are set to pose a threat to electricity supply, crops, and the country's economy.
Asia Pacific insurers' underwriting fundamentals are likely to remain steady despite short-term volatility in investment markets caused by higher interest rates, Fitch Ratings says. At the same time, headwinds from the COVID-19 pandemic and related measures are easing.
Members of the Asia Guarantee and Credit Insurance Association (AGCIA), the first association for guarantee and credit insurance insurers in Asia, could cooperate with each other to develop a customised credit insurance scheme for Asia, suggested Mr Nguyen Quang Hung, deputy CEO of BaoViet Insurance.