...Insurers seek transparency in ESG practices in their investment operations, with some desiring assessments of their efforts to reach their net zero targets, as well as overall views of portfolios and how well aligned they are with Sustainable Development Goals (SDGs), according to Aberdeen global head of fixed income insurance solutions Daniel McKernan....
Source : AIRPlus | 02 Jun 2025...Geopolitical tensions are playing out in new and novel ways for the shipping industry, which is already juggling the energy transition and the legacy of the COVID-19 pandemic, says Allianz Commercial senior marine risk consultant, Captain Nitin Chopra....
Source : AIRPlus | 02 Jun 2025...India has around 267m tobacco users, making it the second-largest tobacco consumer market globally, according to the World Health Organization's Global Tobacco Epidemic Report 2023....
Source : AIRPlus | 31 May 2025...Prudential Thailand's shift towards high-margin, needs-based products that are less sensitive to interest rates, has helped the company to protect profitability while growing market relevance, according to Prudential Thailand CEO Bundit Jiamanukoonkit....
Source : AIRPlus | 31 May 2025...The Philippine non-life insurance sector performed well in the first quarter of 2025, marking a recovery from the downturn experienced in 2024, said the Insurance Commission (IC) in a statement....
Source : AIRPlus | 27 May 2025...The Insurance Brokers' Association of India (IBAI) faces several challenges in helping its members remain relevant and profitable in the evolving scenario of the insurance industry in the country, according to its president, Mr Narendra Bharindwal....
Source : AIRPlus | 27 May 2025...The Philippine life insurance sector's total net income rose by 12.22% to PHP10.83bn ($195.72m) in the first three months of this year from PHP9.65bn in the first quarter of 2024, according to data released by the Insurance Commission (IC)....
Source : AIRPlus | 27 May 2025...The energy insurance segment in Asia continues to experience a soft market cycle which has created a favourable environment for clients in 1Q2025, according to a report by Willis....
Source : AIRPlus | 27 May 2025...Mutual benefit associations (MBAs) have posted a combined net surplus of PHP1.59bn ($28.67m) in 1Q2025, dropping by 25.21% from PHP2.12bn in 1Q2024, according to statistics released by the Insurance Commission (IC)....
Source : AIRPlus | 27 May 2025...Insurance brokers in India find themselves having to navigate a rapidly transforming landscape. Increased competition is coming not only from within the broking community but also from new-age digital intermediaries, InsurTech players, and embedded insurance platforms, according to Mr Narendra Bharindwal, who was appointed as the president of the Insurance Brokers' Association of India (IBAI) in April 2025....
Source : AIRPlus | 27 May 2025...Total gross premiums generated in the insurance industry in Cambodia grew by 6% to $102.3m in 1Q2025, compared to $96.6m in the corresponding quarter in 2024, according to statistics released by the Insurance Regulator of Cambodia (IRC)....
Source : AIRPlus | 27 May 2025...The total net income of the Philippine insurance industry grew to PHP15.30bn (276.6m) for the first three months of this year, 7.1% higher than the PHP14.29bn chalked up for 1Q2024, according to a statement released by the Insurance Commission....
Source : AIRPlus | 23 May 2025...Ageing societies are commanding the attention of chief risk officers (CROs) in the Asia-Pacific, according to EY Asia-Pacific Consulting insurance sector leader, Mr Chng Tze Ping,...
Source : AIRPlus | 23 May 2025...The risk landscape for APAC insurance chief risk officers (CROs) has never been so complex, with the geopolitical and regulatory environments and new technology posing new challenges to compared with what CROs may have faced before, EY Asia-Pacific Consulting insurance sector leader, Mr Chng Tze Ping, said....
Source : AIRPlus | 23 May 2025...State-owned Reasuransi Indonesia Utama (Indonesia Re), the largest reinsurer in Indonesia, has highlighted the importance of strengthening the fundamentals of the domestic insurance industry to address the balance of payments deficit in the sector....
Source : AIRPlus | 21 May 2025...Nearly two-thirds (62%) of respondents to a new survey in Japan do not plan to travel this year, with 92% citing a lack of money or high costs as the main reason....
Source : AIRPlus | 21 May 2025...To address the country's rapidly declining birthrate Japan's health ministry is all set to eliminate out-of-pocket payments associated with child delivery. This measure may come into effect from April 2026....
Source : AIRPlus | 21 May 2025...Parcel theft, otherwise known as 'porch piracy' is an increasing concern among Australians, especially during peak seasons like Black Friday and Christmas, according to a report by Compare the Market that operates a price comparison platform....
Source : AIRPlus | 21 May 2025...The APAC region, particularly in South Korea and Japan, experienced significant wildfires, floods and earthquakes in the first quarter of 2025 leading to billions of dollars in economic and insured losses, according to an Aon report....
Source : AIRPlus | 16 May 2025...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