Asia Pacific Life and Health insurance – (Re)in Asia

Life & Health.

Features and key stories

Bustling pedestrian street in a historic Chinese town, with red lanterns hanging between wooden shops.

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Glass-enclosed server rack in a dark lab with glowing fiber cables streaming out across the floor

Gavel resting on a black law book with the Indian flag beside it on a wooden desk, symbolizing Indian law and justice.

Blue Indian Railways locomotive leads a long freight train along a single-track through dry, rural fields at sunset with an orange sky.

Wide city skyline with tall glass skyscrapers, blue sky, and a tree-lined plaza in the foreground. Central modern buildings flank a historic red-roofed structure to the right.

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Insurers compete on execution over strategy as AI-powered challengers catch up

Executives at ITC Asia in Singapore said product cycles of 12 to 18 months are becoming unviable as challengers close capability gaps in months.

APAC insurers see AI efficiency gains, but ROI remains hard to prove

AI’s payback period may be longer than expected, as costs, timelines and benefits remain difficult to separate and quantify, industry experts said at ITC Asia.

China claims pressure eases further in April as premium growth moderates

Life claims declined sharply by more than 12%, while non-life payouts stabilised, highlighting diverging underwriting conditions across segments.

Participating policies gain favour among Chinese P&C insurers as low-yield pressures mount

Insurers across China, Taiwan and South Korea are bolstering capital buffers and refining investment strategies as low rates and volatility strain traditional earnings models.

India's GI premiums grow 9% in May as fire weakness persists

A fifth straight decline in fire premiums was offset by growth in health and motor, alongside sharp gains in aviation, marine and personal accident.

Quantum computing could unlock APAC pricing advantage

Actuaries are examining how quantum error correction breakthroughs could sharpen nat cat models and parametric pricing, though the technology would bring new risks.

Korea non-life insurers post 4.9% Q1 premium growth, but profits fall on higher claims, weaker investments

Claims and investment pressure dragged net income down 10.7% year-on-year, even as long-term non-life premiums held firm and GI growth accelerated.

India’s first comprehensive MGA rulebook arrives in GIFT City

The dedicated framework allows MGAs to design products and run the policy lifecycle, but restricts them from entering reinsurance or syndicate structures.

India's health insurers power 8.7% May premium growth amid rising healthcare costs

Standalone health premiums surged 31.7%, outpacing the broader market as rising medical costs and expanding healthcare coverage continued to drive demand

Pacific Life Re inks third asset-intensive reinsurance deal with Tokio Marine & Nichido Life

Third transaction with Japanese life insurer underscores Pacific Life Re’s growing role in the country’s AIR market.

GIFT City insurance GWP doubles in FY2026 as reinsurers expand fourfold

Health and personal accident drove premium growth, as (re)insurers overtook intermediaries as the main source of premiums transacted in the hub.

AXA bets on one-stop-shop model, specialty expertise to crack Asia's HNW insurance market

AXA Global Private is banking on its group-wide specialty capabilities to carve out a niche in a segment where rival carriers are already fiercely competing for wallet share.

Resolution Life signs three new asset-intensive reinsurance deals across Hong Kong, Japan

Reinsurer has completed two in-force reinsurance deals covering participating whole-of-life portfolios in Hong Kong and one reinsurance agreement in Japan.

Softbank's PayPay to acquire 70% stake in T&D Financial Life for US$840m

The transaction would give PayPay a direct foothold in Japan’s life sector and create new cross-selling options with its existing customer base.

OIC cuts Thai insurance growth outlook as Middle East conflict raises costs

The regulator pointed to higher claims costs, tighter reinsurance appetite and pressure on trade-exposed lines as external volatility feeds into the sector.

Thailand's OIC puts insurers at centre of resilience push as risks and costs rise

The regulator is reshaping the insurance market through a five-year plan that extends regulatory reach to entire corporate groups, tightens capital standards, and pushes insurers to close the country's...

China issues new regulatory framework for insurance asset management

NFRA has set out requirements across four key pillars, while stressing firms must pursue high-quality development and compete in an orderly way to prevent market chaos.

South Korea's DB Insurance completes US$1.65bn acquisition of Fortegra

Fortegra will operate independently under its existing leadership as the two companies target growth across the US, Europe and Asia.

India life insurers’ new business premiums jump 39% in April, led by group business growth

India’s life insurers kicked off the financial year with strong growth, led by group business expansion that boosted both premium collections and overall coverage levels.

Australia and New Zealand lead APAC insurance M&A in Q1 as India activity slows

Cross-border expansion by global insurers underpinned Asia-Pacific insurance M&A in Q1 2026, with a rebound in Australia and New Zealand.