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News

Insurance Asia
insuranceasia.com > insurance > in-focus > india-insurance-premiums-grow-107-yearly-allianz

India insurance premiums to grow 10.7% yearly: Allianz

1+ hour, 44+ min ago   (444+ words) Average annual spending was only $97.7 per person in 2025. India is expected to become the world’s fastest-growing major insurance market over the next decade, with total premiums rising by about 10.7% a year. India was already among the world’s 10 largest insurance markets…...

Insurance Asia
insuranceasia.com > insurance > news > australia-life-insurers-face-85-proposed-code-reforms

Australia life insurers face 85 proposed code reforms

2+ week, 2+ day ago   (119+ words) CALI will issue its initial industry position by 30 September 2026. Australia’s life insurance industry has welcomed the final report of an independent review into its Life Insurance Code of Practice (Life Code), which contains 85 recommendations aimed at strengthening customer protections. The…...

Insurance Asia
insuranceasia.com > insurance > news > india-insurer-ageas-federal-life-reports-near-perfect-claim-settlement-ratios

India insurer Ageas Federal Life reports near‑perfect claim settlement ratios

1+ mon, 19+ hour ago   (147+ words) Three in four eligible claims were settled within seven days in FY2025–26. Ageas Federal Life Insurance reported a 99.82% individual claim settlement ratio for financial year 2025 to 2026, according to its latest public disclosures. The insurer also said 96.11% of eligible claims were settled…...

Insurance Asia
insuranceasia.com > insurance > news > philippine-life-insurers-lift-premiums-15-density-hits-record

Philippine life insurers lift premiums 15% as density hits record

1+ mon, 5+ day ago   (238+ words) Per capita insurance spending reached $70.15 in 2025 from $62.30 a year earlier. The Philippine life insurance industry experienced steady growth in 2025, as overall insurance penetration rate rose to 1.78% in 2025 from 1.67% the previous year, with the life insurance sector accounting for 1.44% of that…...

Insurance Asia
insuranceasia.com > insurance > news > ageas-federal-raises-annual-bonus-payout

Ageas Federal raises annual bonus payout

1+ mon, 6+ day ago   (111+ words) The total reached ₹202.80 crore for the 2025 to 2026 financial year. Ageas Federal Life Insurance has announced an annual bonus total of $21.4m (INR202.80 crore) for the 2025 to 2026 financial year. This is the 12th consecutive year the company has declared a bonus, representing a 15% increase…...

Insurance Asia
insuranceasia.com > news > global-insurance-premiums-reach-895t-2035-deloitte

Global insurance premiums to reach $8.95t by 2035: Deloitte

1+ mon, 2+ week ago   (431+ words) Growth will be driven by rising protection demand, digital innovation, underserved markets, and ageing populations. Global insurance premiums are expected to rise from about US$5.9t in 2024 to US$8.95t by 2035, as demand for protection grows and digital innovation reshapes how insurers…...

Insurance Asia
insuranceasia.com > insurance > news > digit-life-claim-payouts-jump-59-in-fy-2026

Digit Life claim payouts jump 59% in FY 2026

1+ mon, 2+ week ago   (253+ words) The insurer paid $45.8m across 28,658 settled claims in its latest transparency report. Digit Life Insurance’s gross written premium rose to $199.0m (₹1,990 crore) from $131.6m (₹1,316 crore) the previous year, supported by a 38% growth in new business premiums. Total claim payouts escalated by 59.18% year-on-year (YoY)…...

Insurance Asia
insuranceasia.com > insurance > news > taiwan-life-insurers-sell-363831-spillover-contracts-in-q1-2026

Taiwan life insurers sell 363,831 spillover contracts in Q1 2026

1+ mon, 3+ week ago   (143+ words) First-year income from these products reached NT$24.32b. Taiwan’s life insurers sold 363,831 new spillover-effect insurance contracts in the first quarter of 2026, up 44% from 253,136 in the same period last year. First-year premium income from these products also increased, rising 119% to $0.8b (NT$24.32b) from…...

Insurance Asia
insuranceasia.com > insurance > news > taiwan-life-premiums-climb-50-5b-in-q1-2026

Taiwan life premiums climb 50% to $5b in Q1 2026

1+ mon, 3+ week ago   (213+ words) Revenue increased from $3.2b or NT$99.476b in the same period last year. Taiwan’s premium revenue from new foreign-currency-denominated life insurance policies reached about $4.8b (NT$149.0b) as of the end of March 2026, up 50% from $3.2b (NT$99.5b) a year earlier. Investment-linked insurance products accounted for…...

Insurance Asia
insuranceasia.com > insurance > news > cambodia-premiums-rise-3-life-insurance-falls-in-february-2026

Cambodia premiums rise 3% as life insurance falls in February 2026

1+ mon, 3+ week ago   (258+ words) Gross premiums reached $30.62m in February 2026 from $29.78m a year earlier. Cambodia’s insurance market in February 2026 recorded a 3% rise in gross premiums, supported by growth in general insurance, whilst life insurance premiums declined. Total gross premiums reached $30.62m in February 2026, up from $29.78m in…...