Insurance
Willis launches $200m cargo cover with Markel for war risk
Willis launches $200m cargo cover with Markel for war risk
The facility offers tailored coverage through a single policy.
Professional liability insurance is set to bag $81.2b in 7 years
APAC led the market in 2023, accounting fo 75% of total revenue.
Indonesian takaful eyes mergers as capital needs tighten: Fitch Ratings
More than 70% of takaful windows must be spun off by end-2026.
This week in insurance: FWD IPO debuts, Global premium outlook dim, Thai claims rise from quake disaster
HSBC Life also launched a HNWI-specific product with gold tracking.
Aon reports $1.75b in M&A insurance claims globally
APAC saw a rise in Warranty & Indemnity policies last year.
General aviation gains stable rates with underwriting surplus: WTW
Around $100m in premiums are typically placed around 1 July.
Generative AI in insurance to hit $14.4b by 2032
Asia-Pacific is projected to grow the fastest, at a CAGR of 38.1%.
Thai insurance commission and insurers align on Health Link to streamline claims
The plan aims to reduce documentation and boost claims approvals.
Specialty insurance market to grow $57b by 2028 on demand shift
Thanks to the demand for more tailored risk coverage amidst increasing globalisation.
South Korea to launch heat insurance for outdoor workers in 2026
The policy targets day labourers involved in public outdoor projects.
HKIA and peers unveil Charter 3.0 to strengthen scam defence
It brings together financial regulators, technology and telecommunications companies.
Global insurers post 6.8% premium gain in 2024 on expansion
Eighteen out of the 20 companies reported premium growth.
Swiss Re sees global premium growth easing to 2% in 2025
China’s growth is expected to slow to 4.7% next year.
Canopius names Micia Yong APAC head of Property & Specialty Treaty
She brings over 16 years of experience in reinsurance underwriting and broking.
Japan health ministry plans upfront premiums for foreigners
The measure targets low payment compliance amongst foreign residents.
APAC motor insurance slated for 5.6% CAGR by 2029
China, Japan, Australia, South Korea, and India are top market performers.
GIAJ reports public gaps in awareness of fraud impact
Nearly 60% were unaware of industry efforts that work to combat insurance fraud.
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1. Remote job demand in Singapore insurance rises 15.3% 2. India insurance market sees moderating premium growth: Report 3. Tokio Marine Life, RHB launch guaranteed-acceptance plan for seniors 4. Manulife to sell MVI Life to Japan’s Asahi Life 5. Hong Kong reinsurers to absorb significant claims from Wang Fuk Court fireResource Center
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AI isn’t replacing insurance, it’s finally making it work