The ageing global population is fundamentally reshaping the financial services industry while placing significant strain on public pension and insurance models. As populations transition toward retirement, financial institutions are pivoting from simple wealth accumulation to complex decumulation, longevity risk management, and intergenerational wealth transfer services. Meanwhile, governments are paring back or will eventually have to reduce the financial support for the elderly population as the fiscal burden becomes too much to bear.
APAC may be the fastest-growing insurance region globally, yet growth is uneven.
Sukoon Insurance, a leading insurer in the UAE, and the trade body, Dubai Chambers, have signed a Memorandum of Understanding (MoU) to give members of the Dubai Chamber of Commerce access to customised insurance, investment, and employee benefit solutions.
AIA Life Korea has announced that Mr Nathan Chuang, CEO, has decided to leave the insurer to pursue other opportunities.
Poni Insurtech, the international brand of Huize Holding, has announced that Poni Financial Advisory has expanded its authorised financial advisory activities in Singapore to include advising on collective investment schemes, following approval from the Monetary Authority of Singapore (MAS) at the end of July 2026.
International wealth insurance sales in the Middle East rose to GBP3.0bn ($4.09bn) from GBP2.4bn - a CAGR of 10.4% between 2023 and 2025, according to a report by Utmost, a global provider of insurance-based wealth solutions.
Key indicators of workplace wellness index have shown minimal movement across Australia and New Zealand in recent years, according to a recent survey.
Zurich Financial Services Australia (Zurich) has appointed Ms Alexis George as Independent Non-Executive Director to its Board.
Friends Provident International has appointed Mr Asad Pervaiz as General Manager and CEO of its UAE branch.
The insurance market for high-net-worth individuals (HNWIs) remains structurally underpenetrated, creating a window of opportunity for insurers, according to a report by global management consultancy McKinsey & Company.