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Asian Innovation Excellence Awards 2025 Winner: Thomas Janssens of Manulife Japan
8+ hour, 43+ min 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
1+ week, 4+ 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
1+ week, 6+ 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
2+ week, 13+ 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
2+ week, 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
3+ week, 13+ hour 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
3+ week, 4+ day 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…...
Singapore banking sentiment slips in Q4 2025
3+ week, 5+ day ago (220+ words) Banking and insurance posted 55. 7 whilst the wider business reading climbed to 53. 4. Singapore's banking and insurance sector showed mixed sentiment in the latest Business Sentiment Index (BSI) for the fourth quarter (Q4 2025), with a slight decline despite remaining amongst the stronger-performing sectors....
APRA warns climate risks could leave 1 in 4 homes uninsured
3+ week, 5+ day ago (196+ words) The regulator assessed two severe scenarios covering weather losses and transition costs through to 2050. The assessment examined two severe scenarios: one focused on high physical risks from weather and another on the economic costs of transitioning to a lower-emissions economy....
Hong Kong insurance C-Suite pay hits $3m as affluent client focus drives 2026 hiring
3+ week, 6+ day ago (409+ words) Hays 2026 data shows Risk and Compliance chiefs hit record pay as insurers target wealthy clients. Hong Kong's insurance sector is expected to see steady hiring in 2026, driven by demand for high-net-worth (HNW) and ultra-high-net-worth (UHNW) clients, and by the industry's…...