News
Asia's commercial insurance rates drop 5% in Q1 2026
6+ hour, 55+ min ago (297+ words) This marks the seventh straight quarter of declines across the region. Commercial insurance rates in Asia fell by 5% in the first quarter of 2026 (Q1 2026), making it the seventh quarter in a row of rate decreases. According to Marsh's Asia Insurance Market…...
Affluent women force rethink of legacy planning in Asia-Pacific
2+ week, 1+ day ago (612+ words) Stable growth and early engagement shift advice beyond transactional transfers. Insurers and advisors in the Asia'Pacific region should rethink legacy planning as affluent women gain control of assets and redefine succession around stable growth and long'term governance, analysts said. "Women…...
Taiwan's foreign-currency insurance sales jump 30% to $13. 4b
2+ week, 1+ day ago (130+ words) Traditional policies generated about 83% of new premium revenue in 2025. Taiwan's sale of foreign-currency-denominated life insurance products rose sharply in 2025, driven by growth in both traditional and investment-linked policies. Total premium income from new foreign-currency policies reached about $13. 4b (NT$418. 918b) by the…...
Asian Innovation Excellence Awards 2025 Winner: Thomas Janssens of Manulife Japan
2+ week, 2+ day ago (99+ words) Asian Business Review Thomas Janssens, Head of AI at Manulife Japan, explains how Manulife Japan reframed longevity as an opportunity for fulfilment. He also emphasises Manulife Japan's people-first approach, placing human needs ahead of technology at every stage of the…...
Insurance gaps expose business travellers to $150, 000 risks
3+ week, 6+ day ago (284+ words) Zurich said 53% faced incidents abroad with medical cases driving most assistance claims. Business travel is creating bigger insurance gaps as delays, medical emergencies and mixed work-leisure trips become more common, according to a Zurich Insurance Group report. The report is…...
Underinsurance crisis leaves 1 in 7 Australian homes unprotected
4+ week, 1+ day ago (329+ words) APRA warns coverage gaps will hit 25% by year 2050. Australian home owners are currently facing a deepening underinsurance crisis as a combination of high inflation and frequent extreme weather events drives home insurance premiums beyond the reach of many households." A…...
Why 47% of insurers see competition forcing finance change
1+ mon, 7+ hour ago (217+ words) Regulatory shifts, consumer demands and expansion plans also ranked amongst the top pressures. Ernst & Young (EY) said insurance chief financial officers (CFOs) are focusing on cutting costs, creating value, and improving the use of technology and talent as they advance…...
Sun Life Philippines to boost sales force, bancassurance under incoming CEO
1+ mon, 6+ day ago (507+ words) It is pushing insurance in a nation where death and money are taboo topics. Sun Life of Canada (Philippines), Inc. plans to expand its sales force, deepen bancassurance partnerships and push greater use of digital tools as it transitions to…...
Wong Sze Keed builds people'first culture at AIA
1+ mon, 1+ week ago (581+ words) Leadership must be anchored in clarity, courage and humanity." For Wong Sze Keed, becoming CEO at AIA Singapore Pvt. Ltd. at the height of the COVID19 pandemic was less a career milestone than a defining leadership test. Stepping into the role…...
Insurers face 13. 8% IT surge as legacy systems drag
1+ mon, 1+ week ago (269+ words) Property and casualty carriers are also projected to post a 12. 9% rise this year. The insurance industry will likely have the largest increase in information technology (IT) budget spending this year, as financial institutions are entering 2026 with competing technology priorities. The…...