The Financial Supervisory Service (FSS) has reported a 9.1% rise in insurance fraud, specifically in motor and long-term insurance, over the same period in 2025, reported the Chosunbiz.
The biggest threat to preserving wealth across generations may not be market volatility or family conflict, but whether beneficiaries are ready to manage what they inherit, according to new research by Sun Life Asia.
Marine insurers will need to place greater emphasis on loss prevention as risks become more complex and costly to insure, according to International Union of Marine Insurance (IUMI).
Prudential plc has announced the appointment of Mr Naveed Irshad as Regional CEO for Indonesia and the Philippines, effective 26 October 2026. He will also take enterprise-wide responsibility for the health and product businesses and will join Prudential's Group Executive Committee.
In Australia's highly regulated market, AI decisions need to be controllable, transparent and accountable and support good customer outcomes, according to Duck Creek Technologies Managing Director, APAC, Christian Erickson. Effective AI needs volumes of reliable and accessible data.
Vontobel, an investment management firm, has appointed Mr Emmanuel Archampong as Head of Insurance Solutions in APAC. His appointment comes as part of the firm's growth ambitions in the insurance sector, a strategic focus area for its institutional clients business.
To support its ambitions to take on more insurance programmes across North Asia, HDI Global has announced appointments to its underwriting and distribution leadership there.
Food security risks across South and Southeast Asia are set to rise, raising the potential for unrest and political instability in some of Asia's most exposed economies, including India, Indonesia and the Philippines, according to a new report by risk consultancy firm Verisk Maplecroft.
Asia does not simply need more insurance capacity. It needs more "risk capacity", which is the capacity to understand risk, to reduce it, to price it and the financial capacity to absorb what remains, according to Mr Lim Cheng Khai, Executive Director, Financial Markets Development Department, Monetary Authority of Singapore (MAS).
Life insurance advisers may have an opportunity to add more value after a policy is sold, as new research points to a significant gap in clients' understanding of the coverage they already own.