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News
Manulife’s Asia business sees profit soar 28% in Q2 2026
2+ hour, 59+ min ago (152+ words) Annualised premium equivalent volume advanced 21% to $1.50b. Manulife’s Asia business reported net income attributable to shareholders of $768m for the second quarter of the year (Q2 2026), up 28% from $600m a year earlier. Core earnings increased by 21% to $616m, from $520m in the second quarter of 2025. Annualised…...
Malaysia insurers earn $0.3b despite marine premium decline
1+ week, 2+ day ago (191+ words) Personal Accident premiums climbed 12.2% as travel demand strengthened. Malaysia’s general insurance industry recorded an underwriting profit of $0.3b (RM1.2b) in 2025, with a combined ratio of about 93%. Marine, Aviation and Transit insurance gross written premiums fell by 2.2% to $0.4b (RM1.79b), from $0.4b (RM1.83b) in 2024. The decline was…...
India’s life insurers record 19.4% rise in new business premiums in May 2026
1+ week, 2+ day ago (284+ words) Policy and scheme volumes increased just 5.05% to 2.96 million. India’s life insurance industry recorded new business premiums of $6.3b (INR62,581.22 crore) for the period ended May 2026, up 19.37% from $5.2b (INR52,427.40 crore) a year earlier, according to provisional data from the Life Insurance Council. The number…...
Only 19% of Singaporeans plan for long-term care
1+ week, 4+ day ago (354+ words) More than half expect government schemes to fund future care needs. Planning for long-term care remains low amongst Singaporeans, as only 19% of respondents understand and have planned for their future care needs. To fund potential long-term care, 52% expect to rely…...
Sompo acquires Fator to expand Brazil insurance business
2+ week, 2+ hour ago (127+ words) The target specialises in property surety and financial lines for corporate clients. Sompo International Holdings Ltd. has agreed to acquire Fator Seguradora in Brazil through a wholly owned subsidiary, the company said. The acquisition is part of Sompo’s strategy to…...
FWD Singapore and Ascend Asia partner on financial advisory services
2+ week, 18+ hour ago (161+ words) Firms will collaborate on analytics, technology, and advisory tools. FWD Singapore and Ascend Asia Financial Services Group have signed a long-term strategic partnership to expand access to insurance and investment solutions through Ascend Asia’s open architecture financial advisory platform. Ascend…...
Falling Pacific rates expose businesses to underinsurance
2+ week, 3+ day ago (374+ words) Construction inflation is forecast to reach 6% by mid-2026. Commercial insurance rates across the Pacific region fell by 12% in the first quarter of 2026, marking the most positive renewal conditions for businesses in several years. However, Marsh said that falling premiums are masking…...
Middle East war exposes cash-flow risks for Singapore SMEs
2+ week, 3+ day ago (326+ words) UOI CEO says many businesses remain underinsured amid rising operating costs. Singapore's small and medium enterprises (SME) risk a sharper squeeze on profits if disruptions from the Middle East continue to raise costs and strain cash flow, with many businesses…...
Marsh ends 48-year Thailand joint venture
3+ week, 1+ day ago (166+ words) The transaction took effect on 1 July 2026 and its financial terms remain undisclosed. Marsh has taken full ownership of its Thailand operations, completing a buyout of its joint venture partners. Effective 1 July 2026, the business has transitioned from Marsh Risk Thailand to…...
Indonesia credit claims jump 17% in Q1 2026
1+ mon, 1+ week ago (159+ words) The loss ratio climbed above 100% during January to March. Indonesia’s general insurance sector is facing growing pressure in its credit insurance business as rising claim costs outpace premium growth, as reported by the Jakarta Globe. According to data from the…...