...South Korea's financial regulator, the Financial Services Commission (FSC), has said that financially troubled MG Non-Life Insurance Co's policy contracts will be transferred to five non-life insurers via a bridge insurance company....
Source : AIRPlus | 15 May 2025...An overwhelming 85% of Indians intending to travel abroad are likely to purchase travel insurance for their next trip, but this is more skewed towards high-income earners, according to a new survey by Allianz Partners Travel Index 2025....
Source : AIRPlus | 15 May 2025...A new integrated air, space and ground monitoring system to better detect and prevent major geological disasters has been rolled out by China....
Source : AIRPlus | 15 May 2025...Nearly one in five (17%) of Australians have remained loyal to the same car insurance provider for more than 10 years,according to the results of a recent survey conducted by Compare the Market, a price comparison company....
Source : AIRPlus | 15 May 2025...Financial institutions should proactively incorporate nature in their approach to financing, says a white paper titled "Financing Our Natural Capital"....
Source : AIRPlus | 15 May 2025...Online health insurer Bowtie Life has developed Hong Kong's first fully online medical underwriting system, designed to instantly evaluate applicants' health conditions, according to co-founder and co-CEO Fred Ngan....
Source : AIRPlus | 14 May 2025...AIG chairman and CEO Peter Zaffino has pointed to the significant potential of India's rapidly expanding insurance market as a reason for optimism....
Source : AIRPlus | 11 May 2025...Insurers should deploy automation and Gen AI to compensate for expertise shortages and to drive efficiencies as populations age and mobility patterns shift in Asia and globally, according to the "2025 World Property and Casualty Insurance Report" by Capgemini Research Institute....
Source : AIRPlus | 09 May 2025...Australian drivers may be spending more on motor insurance than they necessarily need to, due to what has been called a 'convenience catch', according to new research by the personal finance comparison platform, Compare the Market....
Source : AIRPlus | 07 May 2025...To help financial firms prevent fraud attempts on their companies and customers, US-headquartered FS-ISAC, which advances cyber security and resilience in the global financial system, has published "Leveling Up: A Cyber Fraud Prevention Framework for Financial Services"....
Source : AIRPlus | 07 May 2025...Nearly two fifths (39%) of respondents to a survey in Singapore said that they viewed insurance as an investment tool to achieve financial independence, a report by CIMB Singapore has revealed....
Source : AIRPlus | 07 May 2025...The insurance industry is caught up in the middle of three megatrends -- climate change, the digital revolution and globalisation, said JBBoda Viva Indonesia Reinsurance Brokers president director Ricky Natapradja....
Source : AIRPlus | 02 May 2025...Regulators in different parts of the world have very different thoughts and approaches to AI, McKinsey & Company senior partner Violet Chung indicated....
Source : AIRPlus | 02 May 2025...Cordinated action is urgently needed against the rising threats posed by extreme weather and natural catastrophes, says Zurich Insurance Group (Zurich)....
Source : AIRPlus | 01 May 2025...A new large AI model with inputs of data relating to certain specific symptoms of patients, can generate alerts about potential rare genetic disorders such as Rett syndrome or Angelman syndrome, or complex neurodevelopmental conditions within seconds....
Source : AIRPlus | 01 May 2025...Many factors influence the dynamics in Indonesia's broker-driven (re) insurance sector, according to UIB Asia Reinsurance Brokers CEO Francis Savari....
Source : AIRPlus | 30 Apr 2025...Ten (10) fossil fuel companies caused more than $14tn of climate damage from 1991 to 2020, according to a study by a team at Dartmouth College, a private Ivy League research university....
Source : AIRPlus | 30 Apr 2025...The International Association of Insurance Supervisors (IAIS) has published its application paper on the supervision of climate-related risks in the insurance sector....
Source : AIRPlus | 30 Apr 2025...Catastrophe insurance data provider PERILS has disclosed that its initial industry loss estimate for tropical cyclone Alfred is A$2.59bn ($1.67bn)....
Source : AIRPlus | 24 Apr 2025...Insurers must be aware of financial market trends, particularly, recently, when the need to understand and act on these trends has grown more urgent and expanded to more facets of the insurance business, said Swiss Re head of life and health reinsurance APAC excluding China, Ms Daisy Ning....
Source : AIRPlus | 24 Apr 2025...The Nepalese government has set a target to increase the renewal of health insurance policies to 90% in the next five years to 2030....
Source : AIRPlus | 24 Apr 2025...The first quarter of 2025 brought a series of devastating natural disasters across the globe and Asia was not spared from their destructive impact....
Source : AIRPlus | 24 Apr 2025...A promising area in insurance is digital health underwriting, where insurers use electronic health records - increasingly adopted across APAC - to conduct underwriting assessments more efficiently, according to Swiss Re head of life and health reinsurance APAC excluding China, Ms Daisy Ning....
Source : AIRPlus | 24 Apr 2025...In Asia, the construction industry is set to experience continued growth this year because of both government stimulus and private investments....
Source : AIRPlus | 16 Apr 2025...Asia's real estate and insurance sectors are grappling with substantial financial risks, while also encountering new opportunities, as climate change drives more frequent and intense extreme weather events....
Source : AIRPlus | 16 Apr 2025...While 82.9% of Australian air passengers do buy travel insurance, 43.9% did not lodge claims for lost bags, according to the findings of a survey released by Compare the Market, a price comparison website. The survey also found that 8.3% were reimbursed whereas 30.7% were not....
Source : AIRPlus | 16 Apr 2025...China and India are shifting towards meeting their growing electricity needs with clean energy. These are the two countries at the forefront of the drive to clean power and will help tip the balance towards a decline in fossil generation at a global level, according to the sixth annual "Global Electricity Review" published earlier this month by Ember, a UK-based global energy think tank....
Source : AIRPlus | 16 Apr 2025...AXA XL, the P&C and specialty risk division of AXA, has launched a new report to help the risk management community identify, assess and mitigate their nature-related risks....
Source : AIRPlus | 16 Apr 2025...Japan is the top-ranked country in Asia, based on Swiss Re's metrics for availability, accessibility and affordability of health insurance in Asia, according to the reinsurer's head of life and health reinsurance APAC excluding China, Ms Daisy Ning....
Source : AIRPlus | 16 Apr 2025...It would be in the interests of governments to collaborate with companies to develop capabilities, including computer platforms, to enable maritime administrations in coastal states to enhance their maritime awareness and track tankers in the dark fleet, according to a guide released by the Centre for International Law at the National University of Singapore....
Source : AIRPlus | 09 Apr 2025...There is an 80% probability of a magnitude 8 to 9 earthquake along a tremulous seabed zone known as the Nankai Trough, according to a report issued by the Japanese government....
Source : AIRPlus | 09 Apr 2025...Asia and Oceania are expected to increase their share of global cyber premiums to 8% by 2027 from 6.8% in 2024, according to a new report by global reinsurer Munich Re....
Source : AIRPlus | 09 Apr 2025...Tokio Marine Holdings will change the name of Tokio Marine Healthcare Business Establishment Preparatory Company, which was established as a wholly owned subsidiary in April 2023, to Tokio Marine Healthcare Co....
Source : AIRPlus | 09 Apr 2025...The UNDP with the General Insurance Association of Indonesia (AAUI) has launched the Agricultural Insurance Roadmap 2025-2030 to improve risk financing and inclusiveness for smallholder farmers....
Source : AIRPlus | 08 Apr 2025...Less than a third (27%) of respondents in Singapore report high readiness from a data perspective to adapt, deploy, and fully leverage AI technologies, according to the Cisco report, titled "2024 AI Readiness Index - Hype Meets Reality"....
Source : AIRPlus | 03 Apr 2025...The 1 April reinsurance renewal season saw mixed outcomes due to continued uncertainty around war-related losses and macro volatility....
Source : AIRPlus | 02 Apr 2025...A moderation in Japanese property-catastrophe reinsurance market pricing was observed at 1 April, according to Howden Re. The global insurance intermediary group said there were 10-15% risk-adjusted reductions on catastrophe excess-of-loss programmes, whilst global specialty and direct and facultative reinsurance placements varied by class....
Source : AIRPlus | 02 Apr 2025...Amid a changing geopolitical landscape, the majority of insurers (52%) in a poll are very concerned about the impact of inflation on their portfolios according to Goldman Sachs Asset Management....
Source : AIRPlus | 02 Apr 2025...While conditions vary greatly by geography, healthy levels of capacity are making facultative reinsurance a more effective and attractive tool for Asia Pacific's growing insurers, says Aon, a leading global professional services firm providing a broad range of risk, retirement and health solutions....
Source : AIRPlus | 01 Apr 2025...More than eight in 10 Indians think that a life cover of less than 10 times their annual income is adequate for financial security. The actual coverage held by Indians is just 3.1 times their income, significantly below the industry-recommended 10x benchmark, according to a comprehensive study titled "Underinsurance Survey 2025"....
Source : AIRPlus | 01 Apr 2025...Indian employees are silently battling a mental health crisis, with limited access to affordable treatment due to gaps in insurance coverage, according to a new report by global insurance broker Marsh McLennan....
Source : AIRPlus | 31 Mar 2025...The recent reduction in the United States Agency for International Development's (USAID) budget has led to several projects being cancelled worldwide, as well as funding freezes and even the closure of some programmes or organisations....
Source : AIRPlus | 31 Mar 2025...Government initiatives and assistance have been central to the improved state of the Australian health insurance sector over the past 25 years, according to S&P Global Ratings director, financial services ratings, APAC Michael Vine....
Source : AIRPlus | 28 Mar 2025...In 4Q2024, insurance markets began to show signs of softening with "more moderate premium increases being applied to many risks", according to Gallagher's "Insurance Market Update -- March 2025"....
Source : AIRPlus | 27 Mar 2025...Following a second consecutive year of robust financial performance in 2024, Europe's four largest reinsurers are well positioned to navigate potentially less supportive market conditions in 2025, says a new report by Fitch Ratings....
Source : AIRPlus | 25 Mar 2025...A staggering 85% of Malaysians are at risk of a legacy crisis due to the lack of a financial legacy plan, says Sun Life Malaysia's report titled "Insure or Unsure: Sun Life Insurance Literacy Survey 2025"....
Source : AIRPlus | 25 Mar 2025...As the battle for top talent intensifies, SMEs in Hong Kong and Singapore are placing more emphasis on recruitment, training and retention. In both markets, the proportion of SMES concerned about talent and manpower retention increased in 2025 compared to 2024....
Source : AIRPlus | 25 Mar 2025...Survey results published QBE show that attention to workplace safety and health (WSH) is on the rise among SMEs in Hong Kong but dipping in Singapore....
Source : AIRPlus | 25 Mar 2025...Survey results published QBE show that executives and decision makers in SMEs in Hong Kong and Singapore harbour concerns about a wide range of business risks, yet very few have insurance policies to protect their companies against the risks....
Source : AIRPlus | 25 Mar 2025...Motor theft claims are increasing significantly in some parts of Australia according to a new survey report released by the Insurance Council of Australia (ICA)....
Source : AIRPlus | 24 Mar 2025