Asia: InsurTech and telecommunication giant join hands to provide insurance services

The US property and casualty (P&C) insurance industry generated a record $89 billion in investment income in 2024, marking a 20% year-over-year increase, according to AM Best.The firm reported that the growth was fuelled by higher interest rates, stronger returns from bonds, and increased contributions from cash and short-term holdings.AM Best noted that the Federal Reserve’s 425 basis point rate