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Asians spend 30 times less on insurance than Americans
Asians spend 30 times less on insurance than Americans
Despite major markets like China and Japan, per capita spending remains modest.
MariBank touts dual retail-SME focus and Shopee ties to scale growth
It seeks to disprove doubters of digital banking, which has struggled to live up to the hype.
Home insurance affordability worsens across Australia
Affordability stress has surged by 30% over the past year.
China leads global industrial robot market for 11th straight year
In the last three years, 430,000 industrial robots were produced in China.
Global online jewellery market to increase by $58.4b by 2028
This is driven by advancements in jewellery design and technology.
Philippine’s life sector net income jumps 22% in H1 2024
Total assets also increased by 6.86% YoY.
Thailand's life insurance industry slated for CAGR of 4.4% by 2028
In 2023 the sector grew by 3.7%.
Walmart sells $3.7b stake in JD.com to focus on China ops
Walmart said it is shifting its focus to its own operations in China.
Southeast Asia’s insurtech sector hits $2.4b in 2023
It was mainly driven by Singlife’s merger with Aviva Singapore.
India’s general insurance sector slated to expand 11.2% in 2024
Motor insurance is anticipated to account for 31.1% of GWP.
Insurers warn of risks amidst EV and autonomous vehicle growth
Hong Kong’s push for EVs has insurers dissecting the risks and rewards in the evolving motor industry.
China’s robotic surgical systems market to reach $250m by 2033
The country accounted for approximately 30% of APAC’s market share in 2023.
Nearly half of Hong Kong workers report mental strain, desire to leave
41% are planning to work from home to avoid workplace interactions.
SG's life insurance total weighted new business premiums surge 27% YoY in H1'24
Employment in the market was stable, a slight decrease of 0.5% versus last year.
Japanese insurers tighten underwriting amidst Q2 market challenges
This called for a careful evaluation of risk retention and risk transfer strategies, Aon said.
AI drives transformation in compliance and risk management
AI adoption enhances productivity but faces knowledge barriers.
APAC to record fastest growth for value-based healthcare services
Meanwhile, the global market is projected to reach $4.13t by 2033.
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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.
