The private health insurance market in ASEAN is expected to continue to grow, driven by a combination of rising healthcare awareness, government initiatives and technological advances, according to the 2024 edition of the "ASEAN Insurance Pulse".
In addition to the obvious financial benefits like helping clients set important goals and stay on track financially, financial advisers can transform their lives for the better, says Mr Mike Salierno, founder and financial planner at Eterna Generational Planners.
More than 90m of people suffering from diabetes currently live in Southeast Asia where the number of adults with diabetes is projected to soar to 152m by 2045, presenting a serious public health challenge, according to a Sun Life survey.
Great Eastern has spotlighted 12 most inspiring customers from Singapore, Malaysia and Indonesia by turning their stories into mini films starring themselves. These shorts premiered on the outdoor screen at One Raffles Place recently.
Japanese general insurance giant Tokio Marine has paused the sale of its $1bn Southeast Asia life insurance business, partly due to a dispute with a Malaysian partner over an expiring bancassurance agreement, four sources with knowledge of the matter said.
Despite macroeconomic and geopolitical uncertainty, a hawkish inflationary environment and elevated interest rates, Southeast Asia's (SEA) InsurTech sector saw a surge in deal value in 2023 -- a development not seen since 2020.
Nat CATs are becoming frequent and severe because of climate change. The Philippines, having been identified as one of the most vulnerable countries to the effects of climate change, is at the forefront of facing these threats. The rising sea level and extreme weather events are just some of the challenges the country faces.
SEADRIF Insurance Company has selected Gallagher Re, a leading reinsurance broking and advisory firm, to provide reinsurance broking and risk advisory services.
Nasdaq-listed Huize Holding, which operates an online insurance products and services platform in China, says that it is very focused on landing on its next market outside mainland China in the next two quarters of this year.
Financial advisers should leverage social media to connect with millennials and Gen Z, as new research indicates they are twice as likely to get financial advice online than from a professional, says financial counselor Myles Ma.