Singapore: Life market sees weighted new business premiums drop by 3.9% to US$3.6bn in 2023

Published on February 16, 2024
The Life Insurance Association, Singapore (LIA Singapore) yesterday announced the industry results for January to December 2023 (YTD 4Q2023), ending the year with 14.4% growth in weighted new
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Gallagher Re, a reinsurance broker, highlights AI as a major focus of the InsurTech narrative in 2023, marking a turning point where AI gained serious traction in the re/insurance industry.According to data from Google, there has been exponential growth in AI interest across all industries since early 2023, peaking later in the year.Although AI has been around since 1956, recent years have seen si

Manulife Asia reports strong growth in 4Q2023 and 2023 full-year results

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Manulife Asia has reported strong growth in annualised premium equivalent (APE) sales, core earnings, and new business contractual service margin (CSM) for the fourth quarter and full year of 2023.