The Protection Gap Study 2022, published by the Life Insurance Association Singapore (LIA) in 2023 enhanced understanding of challenges faced by different segments of society, providing insights on where there are opportunities to support the community in bridging their underinsurance gaps, according to Life Insurance Association, Singapore executive director Chan Kit Wai.
Digital transformation is no longer an option, but a "necessity to survive and thrive", according to EY Partner Bernadeth Saoria Gultom at the 28th Indonesia Rendezvous, which ran from 9 to 12 October in Bali, Indonesia.
Globally, economic losses due to Nat CAT in the first three quarters of 2024 were estimated to be $258bn, approximately 7% lower than the mean at $277bn, according to Aon's Q3 Global Catastrophe Recap, published in October this year.
Charles Taylor has appointed Mr Allwyn D'Souza as senior surveyor in Sydney, Australia; Mr Duan Mingxin as surveyor in Shanghai, China; Captain Harshvardhan Kumar as director - marine technical services in Australia; Mr Ong Eng Hong as marine surveyor in Singapore and Mr Steve Hawthorne as senior marine surveyor in Hong Kong.
The reinsurance and insurance markets today are characterised by a lot of instability and a lot of change, said Swiss Re chief underwriting officer specialty p&c insurance Anne Lohbeck. She said this during an interview with Asia Insurance Review conducted on the margins of SIRC 2024.
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.
Great Eastern Holdings (the Group) has reported that profits attributable to shareholders climbed by 39% to S$860.5m ($645.4m) for the nine months ended 30 September 2024 (9M-24).
FWD Group Holdings has announced strong new business growth highlights for the nine months ended 30 September 2024.
The winners of the 28th Asia Insurance Industry Awards were unveiled last night, with 20 of the region's top insurers, reinsurers, brokers, risk managers and service providers bringing home a trophy.
Amid the growth in demand for reinsurance, driven by four major transitions - climate, energy, digital, and demographic - Singapore will reinforce its status as Asia's leading reinsurance hub through several approaches, according to Singapore deputy prime minister, minister for trade and industry and chairman of the Monetary Authority of Singapore (MAS) Gan Kim Yong.