Browsing: General insurance

Hong Kong’s insurance industry saw significant growth in 2024, with gross premiums totaling $82.91 billion (HK$637.8 billion), driven by increases in both long-term and general insurance sectors.

Cambodia’s insurance industry recorded $357m in gross premiums in 2024, showing a 25% annual average growth rate since 2012

A new report by KPMG highlights the growing use of artificial intelligence (AI) in the insurance industry, with significant differences between life and general insurers. Despite high expectations for competitive advantage, trust in AI is a notable concern.

Despite efforts by the insurance industry and regulators, general insurance penetration in India remains low, prompting a need for understanding of the disconnect between awareness and action.

Rising insurance premiums in Australia are driven by extreme weather events and regulatory inefficiencies, creating a crisis in the insurance sector.