Prescribed interest rates for life insurance policies are expected to be lowered in the third quarter of this year, as bank interest rates continued to fall. The prescribed interest rate for standard life insurance plans may be reduced from the current 2.5% to 2.0%, while interest rate adjustments for participating insurance may vary.
Online insurer Tk.cn Insurance is expected to produce stable yields from investments to consistently underpin the company's overall profitability, offsetting the volatility from underwriting activity, says Fitch Ratings.
The Motor Trades Association of Australia (MTAA) has expressed deep disappointment at the decision by the Australian Competition and Consumer Commission (ACCC) to approve Insurance Australia Group's (IAG) acquisition of RACQ's insurance operations.
Intensifying geopolitical rivalries, policy uncertainty and competition for critical minerals are reshaping the risk landscape as well as driving demand for protection and these in turn are giving a boost to credit and political risk insurance according to a new report.
South Korea's 22 life and 31 non-life insurance companies generated KRW4.097tn ($2.98bn) in preliminary net income for the first quarter of 2025, down by KRW769.9bn or 15.8% from the corresponding quarter a year earlier, the Financial Supervisory Service says in a statement.
Japanese life insurer Dai-ichi Life Insurance Company's plan to acquire a 15% stake in UK-based M&G plc is likely to enhance the life insurer's global diversification and international investment capability according to Fitch Ratings.
South Korean long-term and general insurance segments will record a moderate growth rate in the year 2025 according to a market segment report by AM Best. The credit rating agency said continued refinement of the country's domestic solvency standards have also helped strengthen Korean insurers' capital management.
Life insurers in Asia Pacific are pursuing quality growth through cautious investment strategies, while non-life insurers are focused on efficiency and expense control according to a non-rating action commentary by Fitch Ratings.
One of the newer life insurers in India Go Digit Life Insurance has recorded total gross written premium income of INR13.16bn ($153.48m) during the financial year 2024-25. This includes reinsurance inward.
After several years of slowing momentum, China's health insurance sector is showing signs of revival. Once considered a growth engine, health insurance saw premium growth dip to single digits, with total premiums reaching CNY977.4bn ($134.8bn) in 2024-still short of the long-anticipated CNY1tn mark.