Insurance
Only half of APAC use cyber insurance – Moody’s
Only half of APAC use cyber insurance – Moody’s
About 31% of respondents expressed their intention to acquire additional coverage in 2023.
Business insolvencies witness sharp climb – Allianz Trade
Global insolvency rates are expected to rise significantly by +6% in 2023.
Global insured losses in Q3 surpass the century’s annual average
Economic losses amounted to $295b in the nine months to September.
Marsh McLennan names new Mercer president
In the meantime, Martine Ferland will remain CEO until her retirement next year.
Blue Cross APAC underwriting performance to stay ‘subdued’: S&P Global Ratings
Its combined ratio will stay above 100% through 2025.
Insurance’s role in the transition to a low-carbon global economy
There are three measures insurers can keep in mind whilst moving toward a sustainable future.
Ping An Insurance unveils first mangrove conservation trust
It received an initial donation of RMB10m.
SG’s bolttech partners with Three Sweden for gadget protection
The insurance is underwritten by AIG.
Global cyber insurance market to see 50% growth in next five years: Swiss Re
Swiss Re said no country has fully realised the economic potential of digital technology in the insurance sector.
Liberty Mutual Re names Alex Koh as senior underwriter in Singapore
Koh will be managing and expanding LM Re's existing reinsurance portfolio.
India’s first-year premiums contraction eases in September
The month recorded a 15.5% drop, smaller than the 18.5% in August.
Tonik digital bank enters the insurance market
The partnership with Sun Life Grepa will offer credit life and disability insurance.
Nearly 2 in 5 of SEA’s L&H premiums now from bancassurance: Swiss Re
But many customers don’t trust bank sales representatives as much, the study found.
FWD Philippines launches insurance plan for gamers
Customers can opt to add critical illness benefit, accidental death coverage, or both.
Bangladesh’s general insurance industry to see 8.8% CAGR in 2027: GlobalData
Its gross written premiums will reach $809m by 2027.
Generali Malaysia unveils new model branch for customer-centricity
It is located at Pusat Komersial Saujana, Seremban 2 Heights.
Bharti Group to purchase AXA’s stake in India joint venture: Report
It’s not yet clear if AXA is exiting the Indian insurance market.
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1. Chubb names ex-AIG exec to lead commercial P&C in APAC 2. How 56% of insurers plan to boost data analytics use 3. Prudential raises over $530m from ICICI Prudential AMC sale 4. Universal life insurance market to reach $132.3b by 2033 5. Cost and low awareness limit health and life insurance uptakeResource Center
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AI isn’t replacing insurance, it’s finally making it work