In this iPMI Global breaking news article, we look at the new strategic collaboration between WTW, a prominent global advisory and solutions company, and Klarity, a UK-based health data analytics firm. Their joint effort focuses on revolutionizing life insurance underwriting accuracy by integrating wearable technology and health data into the assessment process. This initiative aims to provide more personalized and precise risk evaluations for individuals, moving beyond traditional metrics to incorporate real-time health insights like heart rate and sleep patterns, leading to fairer pricing and enhanced customer engagement within the insurance industry. The collaboration also highlights WTW's broader offerings in people, risk, and capital solutions across various industries globally.

AIA Hong Kong has once again led the industry with the most market No.1 in the first quarter of 2025, according to the Provisional Statistics of the Insurance Authority on Hong Kong Long-Term Insurance Business*.

Mr Alger Fung, Chief Executive Officer of AIA Hong Kong & Macau, said, "The continued achievements would not have been possible without our team's daily commitment to putting our customers first. We are also deeply grateful to our customers for their long-standing trust and support.

Men in the UAE are more likely to take immediate action over a broken laptop, a social media hack, or a car warning light than seek support for ongoing low mood or mental health concerns, according to new research from AXA Global Healthcare.

The study, which explores how men approach preventative health, paints a concerning picture of low urgency around mental wellbeing. While 89% of UAE men said they would act within a week if they lost their bank card, just 56% would seek advice in the same timeframe if they experienced persistent low mood or a lack of motivation - known as early indicators of a deeper mental health issue.

International Citizens Insurance (ICI), has announced its updated list of 2025's best global health insurance companies for expats, global citizens, remote workers, and immigrants. This list helps simplify the overwhelming array of international health insurance choices for the growing wave of individuals and families moving to new countries.

According to the latest rankings and analyses updated by Insuramore (see www.insuramore.com/rankings/brokers), the value of the worldwide market for insurance broking in terms of fees and commissions earned was around USD 180 billion in 2024, up from around USD 166.5 billion in 2023 on a constant currency basis, equivalent to a growth rate of around 8.1% without adjusting for inflation, but closer to 2.6% as an inflation-adjusted measure. Without adjusting for inflation, the top 15 broking groups together achieved an even higher aggregate growth rate of 10.7% albeit this was driven in part by M&A activity. Among these, Alliant and Howden were the groups that expanded their broking revenues most rapidly.

wefox has successfully secured funding of EUR 151 million. This consisted of a EUR 76 million capital raise primarily from its existing investor base as well as refinancing of an existing credit facility with EUR 75 million from Searchlight Capital Partners’ credit fund, Searchlight Opportunities Fund II. The funding follows the successful completion of the Group’s business restructuring program, including the closing of the sale processes for the Liechtenstein-based wefox Insurance AG and the Italian companies wefox MGA S.r.l. and wefox Services Italy S.r.l., and puts wefox on a clear path to profitability for the full year 2025.

A record-breaking 142,000 millionaires are projected to relocate internationally this year, with the UK expected to see the largest net outflow of high-net-worth individuals (HNWIs) by any country since international investment migration advisory firm Henley & Partners and global wealth intelligence firm New World Wealth began tracking millionaire migration 10 years ago.

According to this morning’s HMRC data, Insurance Premium Tax (IPT) receipts hit £648 million in April 2025 – kicking off the start of the new tax year at a record high.

It marks a £33 million or 5% increase from the same month last year (April 2024), which initiated a record year of receipts - totalling at £8.88 billion (2024/25),and exceeding the 2023/24 full year total of £8.15 billion by £737 million or 9%.

Generali Employee Benefits (GEB) Network announces a new strategic partnership in the United Kingdom, reinforcing its commitment to enhancing its International Employee Benefits offer.

• Unum joins Generali Employee Benefits Network as its new employee benefits partner in the UK market for Group Risk products.
• Generali UK branch transfers the renewal rights of its employee benefits (Group Risk) business to Unum
• Generali UK branch employee benefits team to be welcomed to Unum