Asia Insurance Review

1 day ago | asiainsurancereview.com | Sarah Si

Of the total, life insurance premiums made up THB249.9bn. Corporate brokers accounted for 76% of life insurance premiums in 2024, with a growth of 4.01% compared to the previous year, reflecting the importance of their role and accessibility, according to the regulator. Despite this rise, group life insurance policies accounted for approximately 24% of life policies in 2024, showing a decline of 5.86% which has been attributed to the economic slowdown.

1 day ago | asiainsurancereview.com | Sarah Si

IA chairman Stephen Yiu pointed out that “Hong Kong values the longevity of its indigenous population, but we must also grapple with the rising demand for social support and medical services which it brings”. “Apart from encouraging our citizens to draw up and implement a retirement plan in good time, the Working Group has formulated effective and pragmatic measures that leverage changing demographics to spur economic growth,” said Mr Yiu.

1 day ago | asiainsurancereview.com | Sarah Si

The event was presided over by the IRC’s director general, his excellency BOU Chanphirou, and attended by Banteay Meanchey Province deputy governor Chhoeun Krayong, provincial departments and institutions, authorities, private institutions and students from universities in the province. At the event, the IRC’s director general also delivered a lecture on how the insurance sector contributes to economic and job opportunities.

1 day ago | asiainsurancereview.com | Sarah Si

For the fourth consecutive year, mental health conditions were the leading cause of claims (21%), followed by cancer (17%) and injuries and fractures (15%). “We insure people, helping them protect their families and standing with them through life’s toughest moments. Last year, TAL supported more Australians than ever before – offering financial and recovery support when it was most needed,” said TAL chief claims officer Georgina Croft.

1 day ago | asiainsurancereview.com | Sarah Si

Halliwell, a forensic and technical consultancy, has expanded its services in APAC following the acquisitions of IMPARTA Engineers, an insurance-focused technical engineering and structural diagnostics consultancy, and asset purchase of du Chateau Chun, a firm of specialist building regulation, code and compliance advisors.