Growth in high-net-worth (HNW) wealth in Asia Pacific (APAC), notably in the region's emerging economies and China, continues to outperform globally. This will present a significant opportunity for insurers, according to a report by the Swiss Re Institute (SRI).
Manulife is integrating GenAI with agent operations in Singapore and enhancing capabilities in contact centres and underwriting processes.
Aviva Investors, the asset manager of Aviva Group, has appointed Ms Sandra Cheng to the roles of CEO, APAC and head of APAC, distribution. In her new role, she will lead all business development and client relationships in the region.
New research by Hong Kong-based Sun Life Asia has revealed huge differences between two distinct groups in the retirement market - Gold Star Planners who make retirement plans and look to their later years with optimism, and Retirement Rebels who have no plans and who struggle.
The SEADRIF Insurance Company has made a payout of $750,000 following the passage of typhoon Yagi which devastated eight provinces in Lao PDR, including Vientiane, Phongsaly, Luangnamtha, Oudomxay, Bokeo, Luangprabang, Xiengkhuang and Xayabouri.
A new survey has revealed that fraud remains a top concern for insurers globally and the number of fraud cases is either holding steady or increasing compared to previous years.
Younger generations are increasingly coming into insurance distribution networks in India according to a new survey by Turtlemint. The survey found that GenZ (born after 1997) and millennials (born after 1981) are driving around 85% of total insurance sales.
Even as South Korea grapples with an ageing population, there has been a significant increase in the number of Koreans suffering from mental health issues. Mental health problems are rapidly growing in the country and according to an estimate one in four people experiences one or another mental health issues.
HDI Global (HDI) has appointed Mr Jamie Haider as risk engineering manager, Australasia, subject to regulatory approval.
Climate change has emerged as the top concern for APAC CEOs, according to the findings of a global survey of CEOs by Egon Zehnder, an international leadership advisory firm.