Insurance
Sompo appoints Alessandrea Quane as CEO for international markets
Sompo appoints Alessandrea Quane as CEO for international markets
She will report to James Shea, CEO of Sompo P&C.
AIA Group names Ben Ng as group chief risk officer designate
Ng will be based in Hong Kong.
Zurich Malaysia launches EV insurance with charger cover
Zurich has also partnered with Gentari Green Mobility to boost EV charging visibility.
Crop insurance set to grow 6.9% annually through 2029
Growth is driven by use of advanced weather prediction systems.
Insurers expected to face demand for extended statutory liability cover
Directors and officers will also face higher personal accountability.
Aerospace insurers tighten discipline after late 2024 airline losses: WTW
Premiums have stayed flat despite rising aircraft values.
Taiwan drives higher reinsurance prices after 2024 earthquake losses
Despite the loss activity, capacity remained strong.
How Japan's non-life insurers record $12.4b net income in fiscal 2024
As of 30 April, 57 general insurance companies were operating in Japan.
Aon launches specialist claims unit to boost insurer’s profitability
The business will be led by global co-heads Veronica Judice and David Griffiths.
Insurers urged to ease healthcare costs in Asia, study shows
In Indonesia, 93% of patients reported postponing treatment.
IRDAI urges insurers to pass GST relief fully to customers
The Chairperson urged insurers to develop products for different population groups.
HKIA welcomes policy address with marine risk pool opportunity
The regulator said it will create new bussiness opportunities.
Insurance helps de-risk climate projects as $6t investment needed: WTW
Credit and political risk cover are helping banks finance renewable and transition projects.
Insurance outsourcing market set for 7.1% CAGR growth
Asia-Pacific is projected to record the fastest growth.
Opulence launches captive insurance cell
The new captive cell is supported by NTG Holding Limited and backed by China Re.
COSCO SHIPPING Captive Insurance outlook stable with strong capital base
The company plans to maintain a fixed-income focused portfolio.
Singlife partners Circles Group to widen SME insurance options
It also offers round-the-clock incident response support.
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1. Hong Kong regulator guts insurance referral fees with 50% cap 2. Can China’s $140b motor insurance market survive a 70% loss ratio? 3. PNB MetLife launches dividend fund linked to insurance 4. Taiwan life insurers face rising risk in $32b FX mismatch 5. India set to outpace China, US in premiums by 2030Resource Center
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
