News
Parametric insurance market set to double by 2033
Parametric insurance market set to double by 2033
The manufacturing sector held the largest share of the market in 2023.
India's life insurance APE growth slows to 10.5% in August
LIC's performance in 5M FY 2025 outpaced its private sector peers
Thailand to welcome 2 million South Korean tourists for Chuseok holidays
Thailand attracts South Korean tourists with food, K-pop, and visas.
S&P warns of strained profitability for insurers due to climate events
Last year was the fourth straight year insured losses surpassed $100b globally.
Oracle CloudWorld 2024: EHR systems likely to fade as AI takes on healthcare
Intelligence systems to overtake.
SuiteWorld 2024: NetSuite to add India to its global data centre footprint
It plans to establish a data centre in Hyderabad in 2025.
Construction insurance sector set for growth with energy, utility projects
Energy and infrastructure projects are expected to climb 7.8% and 5.1%, accordingly.
Zurich partners with Tesla in Australia as it rides EV trend
The Swiss insurer is simplifying coverage to help cut the cost of buying an electric car.
Global insurance M&A hits 15-year low in volume
The region’s deal volumes also fell by 20.7% YoY.
Reinsurers hit record $695b capital in June 2024
However, Aon predicts more pricing competition in 2025 for insurers.
Regulator pushes for mergers in Indonesia amidst premium stagnation
Insurance penetration in Indonesia has declined to 2.64% in 2023.
China motor insurance market to rise 5.2% this year
New energy vehicles are gaining traction in China’s vehicle market.
South Korea’s insurers bag $7b in earnings for H1 2024
This was equivalent to a 2.8% YoY rise.
Hong Kong’s insurance premiums climb 5.1% YoY in H1 2024
Both long-term and general business recorded YoY growths.
Asian insurers shift to private credit amidst new RBC rule
APAC insurers allocate an average of 6.4% of their portfolios to illiquid credit.
Mizuho issues $553m green bond
Its banking arm will use the funds to finance environmentally friendly projects.
China expands medical insurance to over 72% of village clinics
It aims to cover 100% of rural villages by the end of 2024.
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The food and grocery delivery company was honoured for its benefit programmes and working policies that support a diverse, equitable, and inclusive (DE&I) culture and work environment.
