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The sixth annual ranking of companies in the region with the highest growth. Health tech businesses thrive post-pandemic even as VC funding drops. Plus: Singapore draws in start-ups; new models of corporate success in Japan; India’s EV expansion
...MS Amlin is targeting growth in areas such as marine insurance, one of its specialities....
...Shinichiro Funabiki, chief executive of Mitsui Sumitomo Insurance, told the Financial Times the company had decided to focus its investment plans on the UK because of London’s primacy in analysing complex...
...The family-backed company bought London-listed speciality chemicals group AZ Electronic Materials for £1.6bn, including debt, in 2014....
...equity and venture capital investment in India’s health and pharmaceutical sector hit a record of about $5.5bn in 2023, a 25 per cent jump on the previous year, according to a report published by Bain & Company...
...Policymakers who see the Chips Act as an insurance policy against geopolitical shocks believe it is already paying dividends....
...It is a sign of Japan’s heavy investment in Australia, which has stretched far beyond the “stubby” beer bottle into renewable energy, finance, software and other consumer-focused areas such as insurance,...
...In Japan, for example, shares of food group Ajinomoto, parent of Ajinomoto AGF, which makes instant coffee products, and Ito En, the Japanese drinks company that operates speciality coffee shops in Japan...
...In full-year results on Wednesday, the life insurance and asset management group reported a 45 per cent rise in new business profit — a measure of expected earnings from newly sold products — to $3.1bn,...
...companies....
...The company’s share price is down 80 per cent from a 2018 peak....
...This is the sixth annual ranking of 500 high-growth Asia-Pacific companies, compiled by the Financial Times and Statista, the data company....
...For Dai-ichi Life, acquisition of Benefit One would come as it explores other revenue channels to counter a shrinking insurance market at home....
...“Health insurance is not my top priority.”...
...America’s home insurance crisis: Rana Foroohar uses her own experience to explain the difficulties of finding affordable home insurance in the US....
...In a report published just days before Scholz’s trip to China, Allianz, the German insurance company, warned that Germany and China were moving “from complementarity to substitution”, with some Chinese companies...
...Hoad said the model could work across speciality lines of insurance, where start-ups’ data edge in niche areas could mean more competitively priced coverage....
...But recently, the share allocation in the Asia-Pacific region has shifted from Japan back to Hong Kong, greatly improving the liquidity of H shares [Hong Kong shares of mainland Chinese companies].”...
...The quake was the biggest single contributor to natural catastrophe-related insurance losses reaching $100bn last year for the fourth year running....
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...In a more mercantilist world, a clear pattern is emerging in India’s trade policy strategy: if companies or countries want freer access to the big and growing markets of the world’s fifth-biggest economy...
...The company plans to expand its ship fleet to eight in the next two years....
...Khokhar singles out AI ethicists as another growth area, a job speciality that has been a facet of Big Tech companies for years. It is now spreading as more advanced AI embeds across industries....
...During the recent annual meeting of China’s rubber-stamp parliament, Yi Gang, former head of the People’s Bank of China, cited the need for an insurance mechanism for presales, which he said would help the...
...Hong Kong now has the highest per capita spending on pets among major Asia-Pacific cities and regions, according to Euromonitor data....
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