Insurance
Rare Earth Insurance reshuffles leadership across APAC markets
Rare Earth Insurance reshuffles leadership across APAC markets
New chief roles span Hong Kong Taiwan and China signalling broader regional oversight changes.
Igloo appoints Ramjit Lahiri as Philippine head
He was most recently CEO of Carmudi Philippines.
Over half of investors require insurance for crypto asset exposure
Security concerns remain dominant even as most respondents see low systemic risk.
Asia’s marine insurers face rising losses from climate labour risks
Extreme weather frequency hits its highest level in 5 years whilst crew shortages strain operations.
Zurich names Shukla to lead Asia-Pacific digital push
He takes charge of Zurich Edge the firms regional embedded insurance unit.
Singlife partners SMU to tackle retirement savings strain
The study will examine adequacy needs as medical costs and money pressures keep climbing.
HDI Global taps Beblo to drive property expansion
He takes charge of the worldwide Property Local Risk portfolio starting 1 May.
Non-life leads reinsurance market with 57% share as brokers hit 72%
The non-life segment is forecast to grow 7.6% annually through 2035.
1 in 5 Singaporeans want coverage with digital mental health tools
Only 60% view AI mental health tools positively, lagging physical and financial services.
Insurers face capacity strain as $300b data centre boom grows
Total insurable values per site can reach $20b to $30b, raising aggregation concerns.
Japan insurers face decline as premiums fall and growth stalls
FY 2024 ends a 4-year expansion streak, forcing firms into new revenue strategies
Why 2 in 5 Filipinos don’t have a legacy plan in place: Sun Life
A quarter of respondents still have no arrangements in place for wealth transfer.
Tokio Marine completes $1.8b share disposal to Berkshire unit
National Indemnity received 48,207,200 common shares through a third-party allotment.
Asia-Pacific insurers stay stable as war fuels market swings
S&P expects capital buffers to absorb investment and underwriting strain for now.
Reinsurance rethinks cyber tail losses as market hits $16b
Global gross written premiums climbed from around $8b in 2020.
Malaysia's legacy planning rises despite 17% insurance usage gap
More than half of wealthy individuals already have arrangements in place before age 50.
CEO says Malaysian insurers face uninsurable risks as compliance focus grows
He says risk management has drifted from core underwriting toward compliance functions.
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Claims delays reshape customer loyalty patterns in Indonesia insurance sector.
