Insurance
HK plans streamlined process for overseas insurers amidst stellar performance
HK plans streamlined process for overseas insurers amidst stellar performance
Chairman Yiu attributed the industry’s standing to the RBC regime.
China's insurance reforms aim to support smaller insurers
However, larger insurers continue to dominate the market.
How much do Singapore’s executives care about cyber insurance?
The rise of AI presents opportunities for both businesses and cybercriminals.
Zurich expands APAC commercial division with two new heads
Both heads will be based in Singapore.
Cathay Insurance benefits from diversified investments, strong liquidity
Its consolidated adjusted capital and surplus grew by 16% end-2023.
Zurich Financial Services, Mandala unveil first climate risk index for tourism
Half of Australia’s tourism assets are classified in an elevated risk category.
Insurance sector to capitalise on $54b BESS investment by 2024
Renewables could generate $237b in premiums by 2035.
Construction insurance sector set for growth with energy, utility projects
Energy and infrastructure projects are expected to climb 7.8% and 5.1%, accordingly.
Howden Re cites severe weather, SRCC as major reinsurance losses
Challenges in casualty lines include risks from autonomous vehicles.
Zurich partners with Tesla in Australia as it rides EV trend
The Swiss insurer is simplifying coverage to help cut the cost of buying an electric car.
Insurers adapt to serve Hong Kong, Singapore family offices
UHNW and HNW families are expected to reach $5.8t in wealth by 2030.
IRDAI sets 30-day free-look period for policies
Insurers are required to provide a tool on their websites for verifying authorised distribution channels.
Zurich Resilience Solutions Appoints former CSIS officer to cyber role
The role was recently created to boost the companies’ risk services.
Pru Life UK launches fund with access to global tech giants
The fund will allow investors to participate in dollar-denominated equity assets.
Global insurance M&A hits 15-year low in volume
The region’s deal volumes also fell by 20.7% YoY.
Reinsurers hit record $695b capital in June 2024
However, Aon predicts more pricing competition in 2025 for insurers.
Allianz APAC’s H1 2024 busines volume more than doubled
Its life and health business saw new business value surge 34% YoY.
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AI isn’t replacing insurance, it’s finally making it work