APAC
Cyber risks escalate with ransomware on the rise: Munich Re
Global cybercrime costs will reach $13.8t by 2028.
Cyber risks escalate with ransomware on the rise: Munich Re
Global cybercrime costs will reach $13.8t by 2028.
Global non-life reinsurance market to see improved margins
The market witnessed a dramatic increase in average retentions on property reinsurance programmes.
How women in power are the key to business success
Industry experts share their thoughts on how women in business can be the ultimate growth driver.
Generali Investments Holding welcomes Conning
Cathay Life Insurance also holds a 16.8% stake in Conning.
Guy Carpenter boosts senior leaderships in APAC
A new CEO will lead the Pacific region.
Howden expands footprint in France with acquisition
Howden now employs nearly 400 employees across France.
Swiss Re welcomes new CEO, Mumenthaler steps down after 8 years
His role as CEO will be effective 1 July.
Embedded finance market to double in four years
The industry’s growth is seen to continue at least in the next four years, mainly due to the B2B market.
Property catastrophe reinsurance sees ‘strong’ appetite on higher returns
At $670b, total global reinsurance capital is now close to the 2021 peak levels.
Prudential Financial closes $12.5b reinsurance deal with Somerset Re
The transaction is expected to result in around $450m of proceeds.
Reinsurers adopt risk-on strategy, boost capacity – Gallagher Re
Japanese catastrophe excess of loss programs showed consistent quoting.
Sompo appoints Kenneth Reilly as new APAC insurance CEO
Former CEO Daniel Neo will serve as senior strategic advisor until end-2024.
Insurers to use 40% AI with synthetic data by 2027
18% of businesses are using synthetic data to comply with privacy regulations and enable secure data exchange.
GIC finishes acquisition of majority share in Miller
GIC bought the entire share of Cinven in Miller.
Transactional insurance hits $49b in ‘challenging year’ – Marsh
Marsh said that it experienced its third-busiest year on record.
Asia's protection gap leaves $59b uncovered – Aon
Losses from natural disasters left the region 48% lower than the 21st century average.
Generative AI to boost the insurance sector by $50b
Investing in generative AI could boost revenues by 20% and minimise costs by 15%.
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1. HKIA, ICAC target suspected unlicensed insurance sales to mainland China 2. Sompo Singapore to bolster regional strategy – S&P Global 3. Insurers struggle to balance customer acquisition and retention: study 4. Wotton + Kearney eyes Singapore for regional office 5. Callable notes to enhance Great Eastern Life’s financial resilienceResource Center
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Jul
09
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Celebrate your award-winning insurance initiatives at the Insurance Asia Awards 2024
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Be recognised as one of the top insurers in the region by sending your entries until 19 April 2024!
Be recognised as one of the top insurers in the region by sending your entries until 19 April 2024!
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1. HKIA, ICAC target suspected unlicensed insurance sales to mainland China 2. Sompo Singapore to bolster regional strategy – S&P Global 3. Insurers struggle to balance customer acquisition and retention: study 4. Wotton + Kearney eyes Singapore for regional office 5. Callable notes to enhance Great Eastern Life’s financial resilienceAwards
Jul
09
Commentary
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