Insurance

Chaucer appoints new class underwriter for political risk

Ng specialised in political risk underwriting at AXA XL before joining the company.

China-based Groupama SDIG enhances non-agri insurance strategy

Over the past three years, the company’s combined ratio averaged 98%.

Half of risk leaders confident in current strategy: WTW

23% of respondents said supply chain issues as a critical challenge. 

Climate change alters insurer risk management: S&P

Secondary perils have caused the reinsurance industry to regain capital in 5 of 6 years.

Hanwha Life acquires 75% stake in US firm Velocity Clearing

It aims to establish a foothold in the US financial sector.

Allianz Asia Pacific's business volume jumps 16%

The annualised premium (ANP) for Life/Health grew 14%.

APAC insurance M&A activity slows in Q3

Two major transactions faced regulatory scrutiny during the quarter. 

Global insurtech market to hit $77.41b by 2028

Key drivers include the need for improved business efficiency.

Global life risk protection grows at 2.7% annually

Demand for protection products shows less sensitivity to interest rate changes.

PH manpower agencies must deposit $398 insurance for Bahrain-bound migrant workers

It will cover repatriation costs in case of employment termination.

114 million Indonesians insured in H1 2024, up 28.4%

Bancassurance generated the highest premium income at $2.33b.

MS First Capital Insurance’s underwriting drives consistent profitability

Shareholders’ equity, which reached $900m (S$1.2b) in 2023.

Aon's new tool aids firms in cyber risk management

It aims to tackle ransomware, data breaches, business interruptions, and insider risks.