Our Scans · (FS.4.00) Insurance · Weekly Summary

• [New] Life insurance gross written premiums will grow from $26.2 billion in 2025 to $30.5 billion in 2029, implying a compound annual growth rate of 3.9%. Insurance Business
• [New] Property insurance is forecast to account for nearly 40% of general insurance GWP in 2025. Insurance Business
• [New] Recurring natural disasters in the Philippines are expected to drive higher demand for property insurance over the medium term, as catastrophe losses influence risk management priorities for insurers, reinsurers, and policymakers. Insurance Business
• [New] The Australian government has introduced legislation that will prevent life insurance companies from using adverse genetic test outcomes in their underwriting processes. Insurance Business
• [New] The average monthly premium for a Silver-tier private health insurance plan will reach $621 in 2025, or $7,452 annually, reflecting a 7% increase from 2024. MooLoo
• [New] The Asia-Pacific life insurance industry will draw expansion momentum primarily from China and India during the 2025-2029 period. Insurance Business
• [New] By 2035, insurance will be largely invisible, embedded seamlessly into products, services, and daily life. Futurist Speaker on AI Leadership, Future of Work, Futu
• [New] By 2030, over 60% of personal insurance policies will be dynamically priced based on real-time behavioral data from connected devices. Futurist Speaker on AI Leadership, Future of Work, Futu
• [New] Global spending on AI in insurance will grow from $1.5 billion in 2021 to $5.7 billion by 2025, driving massive efficiency gains and new business models. Futurist Speaker on AI Leadership, Future of Work, Futu
• [New] The ABI urged that cyber insurance should form part of every organization's risk management framework as businesses face increasingly complex digital threats. Insurance Business
• [New] The connected insurance solution uses real-time telematics data to assess risk and offer premium discounts of up to 10% for owner-operators and small fleets with Freightliner and Western Star trucks that share driver data demonstrating safe driving behaviour. / USA Automotive World
• [New] The Indian life insurance sector will surpass US$ 169 billion by 2029, sustained by a 9% compound annual growth rate. Insurance Business
• [New] Cyber insurance premiums are expected to increase from US$ 15.1 billion in 2024 to US$ 27 billion by 2030. Insurance Business
• [New] QBE has entered the booming world of rewards-driven insurance, unveiling a partnership with Virgin Australia's Velocity Frequent Flyer program that will hand out tens of thousands of points to customers who take out eligible home, car or small-business cover. Insurance Business
• [New] If NSW moves to an impairment-based defence, the insurance sector will need to adapt its approach to motor, compulsory third party, and commercial insurance lines. Insurance Business
• [New] A Nankai Trough event could lead to life insurance payouts of ¥2.4 trillion, while a Tokyo earthquake could result in claims of approximately ¥180 billion. Insurance Business
• [New] Reassured, the UK's largest life insurance broker, has secured ISO 27001 accreditation, marking a significant step in strengthening its information security framework at a time when cyber risk continues to test the insurance sector. Insurance Business
• [New] For Australia's insurance sector, Anthropic's findings offer an early indication of how cyber risk may evolve as AI capabilities mature. Insurance Business
• [New] An alarming escalation in state-linked cyber activity has emerged just as British insurers and brokers contend with an unprecedented rise in digital threats, raising questions about whether the UK's cyber-defence and insurance frameworks are keeping pace with rapidly evolving risks. Insurance Business
• [New] Cyber insurance premiums will grow 15% in 2026, driven primarily by risks associated with widespread AI adoption. InsuranceIndustry.AI
• [New] Cyber insurance written premiums are expected to rise by 15% in 2026 as AI-enabled threats expand. Insurance News Digest
• [New] Cathay Life is working to mitigate FX risk by increasing sales of US dollar-denominated insurance policies, which comprised 62% of its first-year premiums in the first nine months of 2025. Insurance Business

Last updated: 02 December 2025