Data insight

India's GI market surge to be propelled by consumer awareness and regulatory reforms, says GlobalData

May 14 2024

10% annual growth to 2028 expected to be fueled by health, motor, and property segments, as well as initiatives like Bima Sugam.

"Totally un-reinsured”: Philippines’ main agricultural insurer faces US$1.52 billion nat cat exposure

May 14 2024

Urgent reforms and innovative insurance products needed to address agriculture risk in nat cat-exposed Philippines.

Property and motor to fuel growth in Malaysian GI segment: GlobalData

May 14 2024

An increase in vehicle sales, accidents, and claims has led insurers to reassess risk exposure.

Early May forecast predicts reduced 2024 typhoon activity for Northwest Pacific region

May 9 2024

TSR forecasts a potential 20% drop in 2024's Northwest Pacific typhoon activity compared with 30-year average.

australias-cyclone-reinsurance-pool-achieves-significant-coverage-but-still-faces-challenges-in-lowering-premiums

Cyclone Pool achieves broad coverage but some questions remain over premium reductions

May 9 2024

Pool reaches 95% coverage of eligible risks; however, data quoted by ARPC on premium reductions appears to conflict with findings from the ACCC and ACIL.

indias-life-insurance-sector-set-for-10-annual-growth-spurred-by-insurtech-and-new-regulations-globaldata

India's life insurance sector set for 10% CAGR, spurred by insurtech and regulations: GlobalData

May 8 2024

GlobalData expects market to surge to 13.5 trillion rupees by 2028.

launch-of-australias-ev-centre-of-excellence-set-to-ease-pressure-on-combined-ratios-and-premiums

Australia's EV Centre of Excellence poised to help ease pressure on combined ratios and premiums

May 7 2024

New EV-learning facility will mitigate risk of minor accident write-offs, with Australia's government initiatives offering a blueprint for APAC.

Australia's General Insurance code breaches rise 34% in 2022-23

May 3 2024

New data from the General Insurance Code Governance Committee shows a continued uptick in code breaches.

RBNZ warns insurance affordability and capacity are under threat in nat cat prone areas

April 30 2024

Industry making 'rational' move to risk-based pricing, but collective action needed to help maintain accessibility for for those most vulnerable.

Asia's commercial insurance rates see first decline in six years

April 29 2024

In Q1, Asia's commercial insurance rates fell 2%, according to data from Marsh.

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