Australia's PA&H insurance industry to surpass A$42bn by 2030 — GlobalData
Factors seen to drive the industry's 2026-2030 growth include digital enablement, insurtech investment, AI-driven service models, and expanded telehealth and mental health benefits.
Singapore's general insurance industry set to grow to US$6.5bn by 2030 driven by PA&H line: GlobalData
The expansion is fueled by several factors, including elevated claims, medical inflation, an ageing population, and ongoing infrastructure investments.
APAC insurers maintain solid financial stability with no downgrades in 2024, reports AM Best
AM Best says rated insurers kept stable credit profiles, with 14 upgrades and no downgrades recorded last year.
Asia Pacific's life insurers set to achieve 7.3% CAGR, reaching US$1.6tn by 2029: GlobalData
This growth is driven by the emerging silver economy, regulatory reforms, the high-net-worth market, and AI adoption.