Asean Pulse Report shows soaring inflation and parts costs are leading insurers to tighten terms and raise premiums.
Growth in health, agriculture, and resurgence in motor underpin AM Best's 'stable' outlook for China's non-life sector, but market faces drop in underwriting profit and slowing economy.
There is growing demand and a greater emphasis on insurance products for mental health in Asia, but it is unclear if society — and the industry — is ready to confront the issue and eliminate stigma.
India's burgeoning middle class emerges as most willing to pay for cyber across emerging Asian markets, with mental health also a rising concern.
AM Best credits KB Insurance Co.'s improved underwriting profitability and robust operational performance as key factors behind reaffirming its A (Excellent) Financial Strength and "a" Long-Term Issuer Credit Rating.