Data insight

NSW's severe April storms cause AU$176m in insured damages

May 17 2024

95% of AU$176m (US$117m) in damages related to property, with insurers having paid out AU$10m so far, the ICA reports.

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Generali tops largest Q1 APAC insurance M&A deals

May 17 2024

Generali is top of the shops according to data from S&P Global Market Intelligence, with Southeast Asia leading transaction volume.

New business for Singapore’s life sector up 32.2%, strongest performance since 2020

May 16 2024

Sector saw SGD $1.37bn (US$1.02bn) in weighted new business premiums for Q1 2024.

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.

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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.

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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.

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