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.
Following its downgrade of China's sovereign credit outlook on December 5, Moody's has extended its revision to a broad swathe of Chinese corporates. On December 6, the ratings agency adjusted the outlooks for approximately 115 Chinese entities, including central and local state-owned enterprises, major infrastructure and investment firms, eight mainland banks, and ten insurance-related entities-among them nine domestic insurers and one offshore subsidiary. In tandem, Moody's also revised the credit outlooks for Hong Kong and Macau.
China's internet-savvy younger generation is reshaping the insurance landscape, with new data showing that consumers born after 1995 now lead in online insurance purchases.
Shouhui Group, the parent company of online insurance broker Xiaoyusan, closed 18.19% lower on its first day of trading on the Hong Kong Stock Exchange (HKEX) on May 30, marking a tepid debut amid a wave of listings and fundraising activity in China's insurtech sector.
These are the highlights for all events and updates across the industry this week.
The African Reinsurance Corporation (Africa Re) has posted a 32.5% jump in net profit to $22.5m for the first three months of 2025, compared to $16.9m achieved in 1Q2024, according to a statement released by Africa's biggest reinsurer.