Browsing: insurance

Financial Supervisory Service recommends management improvement due to weak capital adequacy

South Korean insurance companies saw a 4.6% year-on-year increase in net income to $10.32 billion in 2024, driven primarily by higher investment income across both life and non-life insurance sectors.

Generali has completed the sale of its 100% stake in Generali Life Assurance Philippines, Inc. to The Insular Life Assurance Company, aligning with its strategic plan to drive sustainable growth and optimize its geographical footprint.

Britain’s Chesnara is considering purchasing HSBC Holdings’ life insurance business in the UK, according to Bloomberg News

After an EF3 tornado damaged thousands of homes in north St. Louis, concerns arise about insurance coverage in communities with high percentages of uninsured or underinsured properties

Philippine government directs transportation officials to increase insurance benefits for private vehicle occupants to match public utility vehicle standards

The insurance sector faces significant challenges and opportunities as it navigates through unaffordable property premiums, declining relevance of life insurance, and emerging risks such as natural disasters and cyberattacks.

Dai-ichi Life Holdings Inc., Japan’s largest listed life insurer, expects the volatility in the Japanese government bond (JGB) market to decrease by the end of the year.

Fitch Ratings downgraded Taiwan’s life insurance sector outlook from ‘neutral’ to ‘deteriorating’ for 2025 due to the stronger New Taiwan dollar and challenging economic conditions.

Digital payment preferences amongst Indian insurance buyers are shifting, with UPI now accounting for over one-third of all insurance premium transactions.