Two-thirds of insurance agents believe AI will have huge impact on sales

...life insurance agents has dropped to fewer than 3m. The agency force in China is still dominated by women who form 79% of the total number of agents....

Insurance association releases claim service standards

...life insurance, health insurance, critical illness insurance, accident insurance, pension insurance, etc....

Major listed insurers' P&C business continues steady growth, life business weakens

5 major listed insurers post 5.7% increase in combined premium income in first 10 months of 2024

...Life insurance business propelled industry growth, with a year-on-year increase in premiums of 5.5% compared to 5.6% in the non-life insurance market....

China Reinsurance Group generates profits consistently

...life direct and reinsurance portfolios, as well as favourable investment results....

China predicted to trail average Emerging Asia in non-life insurance premium growth in 2025-26

...life insurance premium growth rates in perspective - 2025-26...

ANZIIF announces winners of the 12th New Zealand Insurance Industry Awards

...Life Insurance Company of the Year Asteron Life...

Singapore: MAS approval required only for products with features entirely new to life insurance industry

...life insurers and composite insurers....

Asia Pacific: Survey sheds light on Gen Z's insurance awareness level and other traits

...life & health and property & casualty. Despite this, cybersecurity insurance stands out as an exception, with higher awareness among Gen Z compared to Millennials and Gen X. This could b...

Insurance CEOs voice confidence that business will grow over the next 3 years

...Despite economic headwinds, insurance CEOs are confident that they will be able to grow their business over the next three years - both in terms of earnings and headcount, according to a report released by the global professional services firm, KPMG....

Australia: Almost 2 in 3 Aussies likely at medium-to-high risk for skin cancer

...lifetime, significantly increasing the risk of melanoma....

Asia Pacific: Allianz maintains momentum with double-digit growth in first 3 quarters

...Life/Health and Property/Casualty segments....

South Africa: Living annuity drawdown rate average lowest in 5 years at 6.6%

...lifespan of the annuitant....

Insurer bats for sustainability and green ecosystem

...lifestyle community that inspires individuals to develop environmentally friendly habits in their daily lives and seamlessly integrate environmental stewardship into their routines."...

Singapore: Prudential launches AI Lab to tackle insurance challenges and accelerate AI adoption

...life and health insurance and asset management services. The business has dual primary listings on the Stock Exchange of Hong Kong and the London Stock Exchange. It also has a secondary listing on th...

India: Listed life insurers fail to cover cost of equity in the past 2-3 years

...life insurers had return on equity (ROE) minus cost of equity (COE) ranging between –3.9% and 1.6%....

Japan: Non-life giants report record net profits for 1HFY2024

...Japan's top three non-life insurance companies have posted record consolidated net profits in April-September thanks to gains from the sale of cross-held shares and strong overseas operations....

South Korea: Growth of general insurance market expected to be moderate in next 12 months

...-life insurance industry achieved a 3.7% year-over-year increase in direct premiums written in 2023, largely driven by 3.5% growth in long-term business and high single-digit growth in the general ins...

Reinsurance: Achim Bosch to be CEO of Deutsche Ruck wef July 2025

...-Life International division in this role. He studied statistics at the University of Dortmund, began his career at Concordia in Hanover and continued it at General Reinsurance in Cologne, where he wa...

Life insurers need to match expectations of talent with AI adoption

...life insurance industry included: The impact of climate change on health and mortality, due to factors such as increased heat stress and spread of disease du...

India: LIC to boost market share via entry into fast-growing health insurance segment

...life and general insurance policies also offer health insurance....

Taiwan: Nan Shan Life's profitability deemed vulnerable to volatile investment returns

...Life Pte. Ltd., at 'BBB'....

Philippines: Regulator updates rules on allowable infrastructure investments for insurers

...life insurance companies, the total allowable investments in infrastructure projects under the PDP shall not exceed 40% of their admitted assets, respectively, per their latest approved annual statem...

Non-life insurance: India to outperform all major emerging markets in 2025-26, per Swiss Re

...-life premium growth at 8.0% and 9.3% in 2025 and 2026 respectively, driven by strong economic growth, with rising demand for auto insurance, health coverages and government support for crop insurance...

Singapore: Researchers design AI-based weather insurance policy for farmers

...Researchers have used machine learning to design a more cost-efficient insurance contract that could better protect farmers against weather risks arising from climate change....

Kenya: Pressure on profits emerge as bancassurance premium income climbs

...life insurance sector, which saw a 72.2% increase in premiums from bancassurance, compared to a more modest 43.4% growth in the broader general insurance industry....

GCC: Solidarity Bahrain acquires 29% stake in UAE insurer

...life and general insurance. AM Best’s commentary on Alliance...

7 surprising ways a financial adviser can transform clients' lives for the better

...life goals A good financial adviser should also help clients clarify their life’s ambitions, asking questions like “What goals do you have f...

Hong Kong: Insurance broker seeks indirect listing in the US via ultimate parent

...life and medical insurance, such as individual life insurance; and general insurance, such as car insurance, commercial property insurance, liability insurance and homeowner insurance. ...

Pakistan: Lawmakers' committee approves 20% divestment of SLIC

...The National Assembly Standing Committee on Commerce last week approved a proposal to divest 20% of the State Life Insurance Corporation of Pakistan (SLIC), the country's biggest life and health insurance company....

Gen Re expected to maintain solid operating performance

...life (re)insurance business segments. This diversification is reflected in the stability of the group’s underwriting results and overall operating performance during periods when the reinsuranc...

Indonesia: Tugure's underwriting performance expected to be volatile

...-life segment, with property (43%) and credit (26%) being the main contributors. More than half of the business is facultative insurance. After GPW growth slowed to 4% in 2023, the reinsurer booked 26...

Australia: Actuaries Institute paper said SMEs risk being left behind in countering cyber crime

...lifeblood of our economy, employing up to a third of our workforce, and cyber risks are always changing, they shouldn’t be dependent on luck to protect them from a cyber attack...

India: Increasing insurance penetration rate can lead to annual savings of US$10bn, says report

...life insurance cover could help reduce the burden of ex gratia benefits to families affected by the loss of life or livelihood due to accidents and other unforeseen events. Robust and affordable priv...

Malaysia: Labuan Re's underwriting performance improves in recent years

...-life reinsurer. In addition, the company’s business profile continues to benefit from portfolio diversification through its participation as a corporate member in Lloyd’s. Despite reduced...

Australia: Mitsui Sumitomo and digital underwriting agency offer insurance solutions to SMEs

...Mitsui Sumitomo Insurance (MSI), a member of MS&AD Insurance Group, and digital underwriting agency Argyle Insurance, have announced a multi-year capacity agreement for a strategic partnership to elevate business insurance solutions for Australian SMEs....

Japan: Tokio Marine forms partnership to build urban resilience through financial & insurance solutions

...Tokio Marine Group has announced that it is partnering with the Resilient Cities Network (R-Cities) to support cities to develop holistic portfolios of resilience projects....

Singapore: Singlife launches flexible lifelong insurance plan

...life expectancies to offer longer-lasting security for customers. Benefits include: ...

Kuwait: Gulf Insurance Group posts 3.3% increase in net profits for first 3 quarters

...life and non-life as well as takaful. GIG has become one of the largest insurance networks in the Middle East and North Africa with companies in Kuwait, Bahrain, Jordan, Egypt, Turkey, Algeria, UAE,...

Deposit Insurance Fund takes stake in insurer from troubled shareholder

...Life said that Shenzhen Yihuite Technology Development Co, the insurer’s fourth biggest shareholder, had been ordered to transfer 466m shares in the insurer, representing a stake of 4.6%, to th...

Higher vehicle sales drive up new-energy vehicle insurance premiums

...life company's NEV insurance premium income from 2021-2023 was 86.4%....

Bancassurance market structure changes following removal of cap on insurance partners

...life insurance companies generated a total of about CNY673.27bn ($93bn) in new-business premiums from the bancassurance channel, a year-on-year decrease of 21.1%. Among them, 48 insurance companies s...

Regulator urges insurers and other financial institutions to improve elderly-friendly products and services

...life of the elderly. This includes increasing the supply of financial products suitable for the elderly and improving the level of insurance protection and health services....

New Zealand: Insurance legislation updated to provide new consumer safeguards

...life and health insurance if they have taken a genetic test....

Singapore: Insurance Culture and Conduct Steering Committee launches action plan to bolster trust in the industry

...Life Insurance sub-committees, the action plan incorporates insights from the Insurance Trust Indicator Study 2024 (ITIS 2024). Specific focus areas have been identified by the sub-committees and the...

Singapore: OCBC study shows financial wellness areas where DINKS fall behind those who are parents

...lifestyles. One in four DINKs without a retirement plan desire the most expensive retirement lifestyle....

India: Niva Bupa Health Insurance makes stock trading debut

...Niva Bupa Health Insurance's share price closed at INR74.00 (88 US cents) per share yesterday when the stock made its trading debut on the BSE following an initial public offering. The stock opened the day at INR78.50, reaching a high of INR80.94 and a low of INR73.60....

Taiwan: Favourable operating environment expected for insurance market in 2025

...Looking ahead to 2025, the General Accounting Office and the Central Bank expect that the economy is expected to maintain moderate growth, which should continue to provide a favourable operating environment for the insurance industry, says KPMG in its newly released "2024 Taiwan Insurance Industry Report"....

Egypt: Life insurers instructed to check credit status of applicants

...life insurers have to check whether the insurance applicant is included in the negative list or not....

Tunisia: Govt proposes increasing corporate tax rate for insurers to 40% for 2025 fiscal year

...Life insurance, for its part, still only represents 25-26% of the sector's activity, w...