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Asia tag returned 3874 results

  • Nepal: Health insurance task force suggests increasing insurance facility to NPR500,000

    Nepal's Health Insurance Reform Suggestion Task Force has recommended that the government employees and the employees working in the private organised sector pay 1% of their annual salary to the health insurance fund and an equal amount is paid by the employer.

    Asia | 16 Jan 2025
  • Asia Pacific: Economic downturn, extreme weather and labour challenges top risks

    The annual Global Risk Report Executive Opinion Survey conducted by Zurich Insurance has revealed that economic downturns, such as recessions and stagnation, alongside concerns around the increasing frequency of weather events, natural disasters and labour and talent shortages, remain the most pressing concerns for businesses across the Asia-Pacific (APAC) region over the next two years

    Asia | 16 Jan 2025
  • China: Crackdown on insurance fraud crimes

    In a major exercise lasting over seven months, to detect, curb and resolve insurance fraud cases, the Chinese police and regulatory authorities have been able to resolve over 1400 insurance fraud crime cases amounting to more than CNY1.5bn ($205m).

    Asia | 16 Jan 2025
  • Japan: Insurers' bold move to attract and retain talent

    As the Japanese demography moves to the super-aged stage, the country's general insurance industry foresees challenges ahead. The immediate demographic challenge for the Japanese non-life insurance industry is lack of growth in the domestic market for its traditional products.

    Asia | 15 Jan 2025
  • India: Will lead G20 insurance growth with 7.3% annual premium surge

    India's insurance market is expected to lead the G20 nations in premium growth at an average rate of 7.3% annually between 2025 and 2029. A new India market outlook report published by global reinsurer Swiss Re released in January 2025 says India is emerging as a global economic powerhouse, supported by robust domestic consumption, private investment and progressive reforms.

    Asia | 15 Jan 2025
  • Indonesia: Floods remain biggest threat in 2025

    The Indonesian archipelago will continue to have wet rainy season during 2025 as the impact of La NiƱa continues. The country can expect high intensity rainfall to occur until April and thereby increasing the risk of catastrophic events causing much disaster in the country.

    Asia | 15 Jan 2025
  • Taiwan: Free preventive treatment will now cover those 30 years and above

    Taiwanese health officials are encouraging those aged 30 and over to take advantage of a free health check covered under the country's national health insurance. Till 2024 this facility was only available to those aged 40 and above.

    Asia | 15 Jan 2025
  • Singapore: Personal accident and health insurance to surge by 38% by 2029

    According to research by GlobalData published by the Singapore Business Review, the city-state's accident and health (PA&H) insurance market is set for significant expansion.

    Asia | 14 Jan 2025
  • China: Insurer and university join hands for insurance research

    Allianz China and Fudan University of China have forged strategic partnership to advance finance and insurance research in the country.

    Asia | 14 Jan 2025
  • Singapore: A new cyber insurance facility launched

    Global broking and advisory firm Willis Towers Watson (WTW) has launched a new cyber insurance facility, CyCore Asia, targeting businesses in Singapore and Hong Kong. To be underwritten by QBE Insurance Group and AXA XL, it aims to address the cyber security concerns with a primary insurance capacity of up to $15m.

    Asia | 14 Jan 2025


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