Rising interest rates, competition from ‘Super-apps’, and consumer preference for better service are challenging the growth of bancassurance in Southeast Asia.
A report by consultants Capgemini show the population aged over 50 is projected to double from 1990 to 2050 — with life insurers facing the prospect of substantial AUM outflows to beneficiaries.
Armed robberies in the Singapore and Malacca straits have surged; inadequate interception and investigations are leading to rising concerns about the impact on regional trade.
The report highlights that unfair contract terms and pricing practices were enforcement priorities last financial year, while offering insight into potential priorities for the years ahead.
South Korea leads in insurance digitalization according to Swiss Re's Insurance Digitalisation Index, with focus on R&D spending and digital connectivity; emerging markets are also catching up, providing...
The Monetary Authority of Singapore is encouraging the use of innovative insurance products to address uncertainties and risks involved in financing early retirement of coal-fired power plants.
At the International Union of Marine Insurance (IUMI) conference in Edinburgh, experts discussed how digitilisation of trade documents will change the insurance industry.
