APAC
Experts warn insurers of growing vulnerability to token theft
Experts warn insurers of growing vulnerability to token theft
Six in 10 businesses have shut down in the past three years due to ransomware.
MS Amlin’s FY 2024 underwriting profits rise 12% to $250m
Gross written premiums increased to $2.2b.
Business insolvencies to rise by 5% in 2025: Allianz Trade
Insurers must brace for high interest rates, which could strain heavily leveraged sectors.
Howden Private Wealth announces new CEO for Singapore, Malaysia
A deputy CEO has also been appointed for Hong Kong.
Generali earnings reach $5b in FY 2024
Gross written premiums rose by 14.9% YoY.
Takaful insurance market to grow at 9.41% CAGR
It was valued at $45.51b last year.
Marsh launches Cyber Echo Encore, boosting cyber insurance capacity
It also provides up to $45m in additional cyber insurance capacity.
Markel names new CEO of its primary underwriting businesses
He brings over 20 years of experience in specialty insurance.
Manulife Asia reveals new CEO
The group also unveiled a new CEO.
Gallagher Re launches index to track reinsurance pricing
It will report on pricing trends for Aggregate Excess of Loss reinsurance.
This week in insurance: Malaysia offers premium freeze, M&A falls 25%, Manulife extends medical partnership
Cyber liability coverage is primarily targeting small-to-midsize enterprises.
AIA’s sees profit surge of 81.2% YoY in FY 2024
EPS stood at $0.62.
MSIG USA expands political risk insurance with Asia partnership
This combines MSIG USA’s underwriting expertise with regional market knowledge.
Swiss Re board proposes 8% dividend increase
It will mount to $7.35 per share.
Cyber insurers focus on SMEs as policies cover firms under $10m
SMEs account for more than 80% of all cyber policies.
4 in 5 insurers plan to increase AI investment over next year
36% of respondents are also prioritising efforts to build trust.
Ping An remains world’s top insurance brand at $34b: Brand Finance
India’s Life Insurance Corporation’s brand value rose by 36%.
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1. Bajaj Allianz launches exclusive insurance for women 2. Manulife unveils IUL product tied to S&P 500 returns 3. Australian firms expect financial crime surge in 2025 4. LIA Singapore appoints Wong as president with new 2025 goals 5. Singapore general insurance increases 6.3% YoY in 2024Resource Center
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