Life

APRA’s 2024 Life Insurance CEO Roundtable highlights challenges in longevity solutions

August 21 2024

Participants in the roundtable discussed challenges presented by low demand and by the varied the needs of retirees.

singapore-life-insurance-industry-sees-30-4-growth-in-new-business-premiums-for-1h-2024

Singapore's life insurance industry sees 30.4% growth in new business premiums for 1H 2024

August 14 2024

Singapore’s life insurance sector recorded its best half-year new business performance since the pandemic, however claims also surged.

pacific-life-re-announces-key-leadership-changes-with-johnston-promoted-to-md-protection-for-asia-pacific

Pacific Life Re announces key leadership changes for its Asia Pacific Protection business

August 14 2024

Tyson Johnston (left) elevated to MD, Protection, APAC & Global Strategy; Martyn Gilling (middle) named GM for Protection, Australia, while Matthew Larkin steps into role of Head of Client Solutions,...

Meiji Yasuda to acquire American Heritage Life Insurance for US$2bn - report

August 14 2024

The acquisition, which is set to be finalised by June 2025, is part of a broader strategy by Japanese life insurers to expand abroad.

Manulife Singapore launch InvestReady Growth

August 13 2024

The new plan aims to address financial concerns highlighted by Manulife's Asia Care Survey 2024.

chinas-mortality-protection-gap-shrinks-6-in-2023-swiss-re

Mortality protection gap in China narrows as life insurance penetration rises

August 13 2024

Swiss Re reports a 6% reduction in China's mortality protection gap last year, though significant regional disparities remain.

Higher living costs, mental health concerns drive demand for affordable life insurance in Australia: CALI

August 12 2024

New study from the Council of Australian Life Insurers highlights need for financial advice and accessible information about life insurance products.

thailand-life-insurance-gwp-to-surpass-us22bn-by-2028-globaldata

Thailand's life insurance GWP to surpass US$22bn by 2028: GlobalData

August 12 2024

Demographic shifts and rising health awareness are key drivers of Thailand's life insurance market growth.

lic-ceo-confirms-insurer-looking-to-enter-health-insurance-sector-via-acquisition

LIC CEO confirms interest in entering health insurance sector via acquisition

August 12 2024

MD & CEO Siddhartha Mohanty says LIC India seeks to acquire a standalone firm for its foray into health insurance “rather than set up a vertical.”

Wearables data a valuable complement – but not replacement – to sophisticated underwriting

August 8 2024

Wearables can make a difference, but standardising data and understanding algorithms remain a challenge.

HSBC elevates Swapan Khanna to Head of Strategy for Global Insurance

August 8 2024

Hong Kong-based Khanna joined HSBC in 2022 and had been serving as Head of Special Projects and Chief of Staff.

india-bloc-parties-stage-protest-vs-gst-on-life-health-insurance-premiums

India bloc parties stage protest against GST on life, health insurance premiums

August 7 2024

MPs rally against 18% GST on insurance services, with one labelling the tax "insensitive thinking."

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