Rajiv MenonLiving
AIA Urges Shift from Fee-for-Service as Asia Medical Inflation Hits 21%
Waste accounts for a quarter of regional medical spending while out-of-pocket costs climbed up to 13 per cent in Singapore and Australia.
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insurance
Every story tagged insurance on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.
Stories tagged insurance
53 stories in this topic
Rajiv MenonFinance
Taiwan Non-Life Insurers Pivot to Commercial Lines as Market Expands to $19B
Property, casualty and health premiums in Taiwan are projected to expand 4.8 per cent annually through 2036 as slower life insurance growth shifts carrier priorities.
Sarah ChenFinance
Allianz Singapore Secures Three Awards for Consumer Insurance Offerings
Allianz Insurance Singapore has been recognized with three accolades at the Asia Consumer Insurance Awards 2026. The awards highlight the insurer’s dedication to developing solutions for evolving risks in the Singaporean market, particularly in health,…
Aiko TanakaFinance
HSBC’s $2B Singapore Insurance Unit Sale to Allianz: A Strategic Boost for Both Giants
HSBC has announced that it will sell its life and health insurance division in Singapore to Germany’s Allianz. The deal, which values the unit at SGD2.7 billion (US$2.09 billion), is expected to produce a pre-tax gain of US$1.8 billion for HSBC and…
Aiko TanakaFinance
Citigroup Bolsters Global Insurance and Specialty Finance Teams with High-Profile Appointments
Citigroup has announced the appointment of two seasoned bankers to senior roles within its Financial Institutions Investment Banking division. This move forms part of the bank’s strategic initiative to bolster its global insurance and specialty finance…
Sarah ChenFinance
Great Eastern Unveils Exclusive High Net Worth Services: Tailored Insurance and Elite Lifestyle Perks
Great Eastern, the insurance division of OCBC, has introduced a new service tailored specifically for high net worth (HNW) individuals and families across Asia. Great Eastern Private: A Tailored Experience The newly unveiled proposition is named Great Eastern…
Wei ZhangFinance
Manulife Ignites Responsible AI Revolution: Launches Cutting-edge Center in Singapore to Boost Insurance Efficienc
Manulife, the multinational insurance corporation, recently launched its Artificial Intelligence (AI) Center of Excellence in Singapore. This move is part of the company’s strategic plan to leverage cutting-edge technologies to streamline its operations and…
Wei ZhangTelecom
Cyber Insurance Market Surges 7% to Reach $15 Billion by 2024: What’s Driving This Growth?
The global cyber insurance market is displaying a mixed bag of results in 2024, achieving a 7% growth to nearly $15 billion in premiums. However, this upward trajectory comes with a caveat: the momentum has decelerated for a second consecutive year, according…
Sarah ChenLiving
Asia-Pacific Aviation Insurance Set to Soar with Projected 8.7% Growth by 2032
In the rapidly evolving landscape of the aviation insurance market, the Asia-Pacific region is set to take flight with remarkable momentum. The market is projected to expand at an impressive compound annual growth rate (CAGR) of 8.7% from 2022 to 2032,…
Aiko TanakaGeneral
Asia’s Construction Insurance Market Set for Robust Growth in 2024!
Insurers in the construction sector across Asia are gearing up for a robust year in 2024, as highlighted in Aon’s 2025 Global Construction Insurance and Surety Market Report. The report underscores a growth-oriented atmosphere buoyed by enhanced reinsurance…
Minjun ParkLiving
India’s Life Insurers Showcase Solid Growth in May Amidst Declining Policy Volumes
India’s life insurance industry is experiencing quite the twist, as it reported a year-on-year premium growth of 12.7% in May, bringing the total premiums to a substantial Rs30,463.2 crore. This surge is a welcome improvement from April’s 8.4% growth,…
Wei ZhangGeneral
Asia’s Insurance Markets Surge in 2024 Driven by Life and Health Sector Growth
Asia’s insurance markets showed impressive growth in 2024, especially in the life and health sectors, yet they continue to trail behind North America and Western Europe in overall scale and performance—particularly within the property and casualty (P&C)…
Sarah ChenFinance
Insurance sales at banks boom
More than a dozen lenders achieved bancassurance revenues of over VND1 trillion ($42,633 million) from new customers last year, according to Vietcombank Securities. Bancassurance refers to insurance products sold through banks. Premium income from new…
Sarah ChenLiving
Priceline Pharmacy launches health insurance
Priceline Pharmacy has launched a unique health insurance brand and products in partnership with health fund nib. The launch of the health insurance products sees Priceline Pharmacy become the first pharmacy retailer to offer this to its customers. The cover…
Sarah ChenAutomotive
Insurance Policy For Electric Scooters In India
The government of our country recently created a goal of going “completely electric” to limit the spread of pollution. India is one of the first five countries globally which use conventional fuels. Due to this, the environment faces a grave threat, which is…
Rajiv MenonGeneral
Cebu Pacific provides added protection through CEB Travelsure
The Philippines’ leading airline, Cebu Pacifi upgrades its CEB Travelsure “Basic Protect” insurance product to now include “COVID Protect”, to inspire travel confidence amidst the current situation. CEB is the first local carrier to offer this type of…