According to a survey by Manulife, the vast majority of respondents (92%) said they are willing to spend more to prolong their health span. Investing in exercise and healthier diet are the main ways people seek to improve their health. Furthermore, with mental health issues on the rise, mindfulness activities, such as yoga and brain training, are also popular ways of self-help.
Hongkongers live longer than most people, but they think that their early-to-mid 60s will be dogged by poor health according to Manulife Asia Care Survey 2023.
Over 90% of women in India participating in an insurance survey feel that women-specific health insurance plans are highly relevant. Around 65% of women opt for women specific health insurance plans according to the survey conducted by the general insurer ICICI Lombard GIC
Almost 40% of bank or financial app users in Japan would like their apps to help them measure their carbon footprint, according to a survey conducted by FinTech firm Cogo.
Vessels are exposed to higher fire risks caused by many issues including increased shipments of highly combustible lithium batteries. However, vessels may lack adequate firefighting resources and this could lead to severe damage and losses.
Growth opportunities abound for insurers looking to enter or expand in the emerging markets of South and Southeast Asia. Seizing them demands long-term commitment, prudent risk management, and agile execution, says S&P Global Ratings.
Trade credit insurers require time, information and resources to make assessments on credit risks. However, it may be tough for insurers to make decisions if clients begin purchasing coverage with limited time.
Gallagher has appointed Mr Mark Chan as head of construction and energy to lead its ambitious growth plans in North Asia. He brings 25 years of insurance industry experience and has held roles at both underwriters and brokers.
A new survey conducted across 113 villages in India has found that only 22% of India's rural population owns life insurance products compared to 73% across urban India.
Some of Southeast Asia's largest cities could be hit disproportionately hard by rising sea levels and be underwater by the end of the century according to a new study.