Insurance

Two-thirds of Singapore insurance asset managers plan to outsource fund management: survey 

Respondents from the city-state also say they aim to increase their allocations to private markets

Hong Kong, one of AIA’s largest contributors in terms of profit, logged a 28% increase in VONB for the year on the back of strong demand from both domestic customers and mainland Chinese visitors.

Insurer AIA unveils US$1.7 billion buyback

The group’s new business value hits record high in 2025, propelled by the resilient performance of all of its segments

The spike in insurance and freight rates reflects the immense logistical and financial challenges facing the global energy market.

War risk insurance returns to Strait of Hormuz – at a price

Daily charter rates for oil supertankers have quadrupled within a week to nearly US$800,000

A transaction might value HSBC Life Singapore at more than US$1 billion, sources familiar with the situation have said.

Allianz, Sun Life are said to weigh bids for HSBC Life Singapore

Considerations are ongoing, and the companies might decide not to proceed, while other bidders could also emerge: sources

Aramco's president and CEO Amin Nasser noted global inventories of oil were at a five-year low and said the crisis will lead to drawdowns at a faster rate.

Aramco sees ‘catastrophic consequences’ for oil markets if Hormuz strait remains blocked

Shipping and insurance disruptions now trigger domino effects across other industries

New riders to be sold will differ in their coverage, with some covering only up to public hospital stays and some including private hospital stays as well.

New IP rider premiums to cost at least 30% less, with one insurer offering an 84% reduction

All seven insurers will be launching new Integrated Shield Plan rider products by Apr 1

MSCI estimates indicate that losses from physical hazards could rise to US$4.6 billion by 2050 – nearly four times the 2024 figure of US$1.2 billion.

Climate risks increasingly pose threat to insurance markets, broader financial system: MSCI Institute

Larger tail events and the clustering of secondary perils can lower predictability

Iran has threatened to strike vessels seeking to transit the waterway, fuelling a surge in prices for oil and other fuels.

US launches US$20 billion reinsurance plan to ease Gulf oil trade

The strait carries about a fifth of global oil flows, as well as gas, fertiliser and other products

The conflagration sparked by Feb 28’s Israeli-US air strikes against Teheran has paralysed traffic through the Strait of Hormuz.
NEWS ANALYSIS

Maritime insurance premiums surge as Iran conflict widens

War premiums spike costs for shippers, traders, and energy firms moving cargo through Hormuz

The Iran war has shuttered Gulf airports, including the main one in Dubai, severing a critical transit corridor for long-haul travel.

Travellers stranded by war learn insurance won’t cover flight cancellations

The crisis is exposing a gap in the travel insurance market: nearly all policies exclude war-related claims