News
Commercial insurance premiums to reach $1.4t in 2025
4+ hour, 8+ min ago (237+ words) Reinsurance capital hit $760b, increasing competition across the sector. Global commercial insurance premiums are projected to reach about $1.4t, with overall non-life premium growth of around 2% to 3%. Pricing conditions are beginning to ease across commercial lines. Global composite rates have declined by…...
Allianz Malaysia boosts motor personal accident coverage
1+ week, 6+ day ago (236+ words) Motorcycle drivers who purchase or renew their policy in 2026 will get up to MYR25,000 coverage. Allianz General Insurance Company (Malaysia) Berhad has enhanced its motor personal accident coverage for motorcyclists and car drivers. From 3 March to 31 December 2026, customers who purchase or…...
7 in 10 Malaysians buy insurance online amidst ease of access
2+ week, 5+ day ago (308+ words) Nearly four in five car insurance customers said they used SPayLater. Nearly seven in 10 insurance customers are now using digital platforms to access and purchase policies, according to ShopeePay. A survey by ShopeePay found that 69% of motor insurance customers and…...
Compliance screening strains insurers amidst 81% manual fixes
2+ mon, 2+ week ago (201+ words) Survey shows mixed or manual processes remain common making automation a top priority. Insurers are under pressure to modernise compliance screening as 75% have reported delates in data updates, according to an LSEG Risk Intelligence survey of compliance professionals. The sector…...
Zurich Malaysia launches EV insurance with charger cover
6+ mon, 1+ week ago (135+ words) Zurich has also partnered with Gentari Green Mobility to boost EV charging visibility. Zurich Malaysia has launched Z-Driver EV Protect, an insurance and takaful add-on for electric vehicle (EV) owners. For $28.5 (RM120), it covers EV batteries, home wall chargers, portable charging…...
Insurance Asia Awards 2025 Winner: Millicent Cadorniga of Cebuana Lhuillier Insurance Brokers, Inc.
7+ mon, 5+ day ago (81+ words) Insurance Asia Awards 2025 Winner: Millicent Cadorniga of Cebuana Lhuillier Insurance Brokers, Inc. Millicent Cadorniga of Cebuana Lhuillier Insurance Brokers, Inc., highlights how their digital innovation is transforming the Filipino experience. CLIB's commitment goes beyond selling policies, aiming to make financial…...
With Asia’s population getting older, the insurance industry has a chance to step up
7+ mon, 1+ week ago (740+ words) Some events that affect the insurance industry, such as floods or fires, happen all of a sudden. Others are more like tectonic plates'immensely powerful, but slow-moving. Asia's changing demographics are one of these." All across the region, birthrates are falling....
Auto insurers under strain from high-tech repairs
8+ mon, 4+ week ago (406+ words) Fixing EVs is expensive, leading many to declare these as a loss. Car insurers in the Asia-Pacific region are under pressure to raise premiums due to rising costs from more frequent road accidents and expensive car repairs. In Australia, Japan,…...