When it comes to saving habits, Singaporean Gen Zs (aged 18 - 23) are more savvy than their Millennial counterparts (aged 24 - 39), according to a new survey by personal finance website SingSaver. The survey, conducted across August and September, analysed 1,000 responses from these two demographics across Singapore to better understand their saving habits, investing habits and financial knowledge.
The insurance industry in the tiny landlocked kingdom of Bhutan is facing multiple challenges from the COVID-19 pandemic as economic activities have come to a standstill and livelihoods impacted.
360F, top three InsurTech of the Year at the 5th Asia Trusted Life Agents & Advisers Awards, has entered the Middle East with a pipeline of projects and an anchor client, Zurich Insurance.
Kazakhstan's Social Health Insurance Fund is set to provide a further KZT159bn ($373m) to support the country's battle against COVID-19, said the fund's chairman Bolat Tokezhanov during a press conference.
PartnerRe announced today that Mr John Mok will join the company in February 2021 as CEO, life & health Asia Pacific.
Tokio Marine Life Insurance Singapore (TMLS) has added three C-level executives to the senior management team: newly appointed CFO Mr Edwin Peh, COO Mr Esmond Chan and chief investment officer Mr Goh Kay Yiong.
Preferred Global Health (PGH) has announced two new senior appointments to the PGH Asia management team, supporting the ongoing growth and development of its Asian business and partnerships with leading insurance and financial services companies.
Even with the expectation of a longer lifespan, millennials are confident that they will have enough savings to last a lifetime, and to have some fun too, according to #Bringon100 - a social campaign based on the findings from the research paper "Saving for 100: Funding for longevity in a time of uncertainty".
Sun Life Hong Kong Limited has announced its latest "Consumer Finance During Pandemic" survey in Hong Kong. The survey found that over 40% of Hong Kongers who regularly search for consumer discounts do so at least once per day, and 31% indicated that they are sharing offers with friends and family more frequently during the pandemic.
Strict regulation and a more risk-averse nature have hampered Japanese InsurTechs' efforts to grow in the past. However, the accelerated shift to digital the industry has seen during this pandemic could prove to be the catalyst needed for the sector to grow, while COVID-19 itself seems to have had minimal impact on InsurTechs.