APAC
This week in insurance: India’s OPD surge, bolttech-BYD deal, HSBC tops HNW survey, Sun Life expands in PH
This week in insurance: India’s OPD surge, bolttech-BYD deal, HSBC tops HNW survey, Sun Life expands in PH
Sompo Japan, Momentick, and JGC launch methane detection solution tied to insurance coverage.
Asian investors increase demand for secondary life insurance assets
Interest is growing in Singapore, Hong Kong SAR, and Japan.
Cargo premiums rise 1.6% to $22.64b in 2024
The largest growth came from China.
Willis report shows power insurers cut premiums as capacity returns
Appetite is strong for infrastructure projects in Indonesia, Vietnam and the Philippines.
Mine subsidence insurance market to grow 6.4% to $3.42b in 2025
The market is projected to reach $4.32b by 2029.
Geneva Association reviews insurance responses to chemical and nuclear risks
The potential losses from a major CBRN event are so large and unpredictable.
Employers cut insurance benefits as costs reshape strategies across APAC
Looking ahead, 33% of organisations plan to enhance outpatient insurance.
Zurich Resilience launches climate spotlight in Asia Pacific rollout
The tool provides climate data and analysis.
Lenders’ mortgage insurance market to bag $9.85b in 2025
Asia-Pacific is projected to be the fastest-growing region through to 2029.
Ocean hull premiums grow as fleet value climbs to $1.54t
Asia-Pacific accounted for 35% of market premiums.
Cyber insurance market grows 7% to $15b in 2024
Despite softer demand and rising competition, the sector remained profitable.
WTW, Sompo form global partnership on Radar pricing rollout
The Japanese company said it allows them to revise premiums faster.
Canopius Group appoints Ray Wong as APAC energy underwriter
Wong will be based in Singapore and report to Johnny Kim.
Zurich Insurance set to sustain strong earnings despite pressures
It achieved its 2023 to 2025 targets early and set new goals through 2027.
Aon boosts insurer communication with platform for catastrophes
It provides real-time loss estimates through Impact Forecasting’s Automated Event Response.
Tokio Marine Kiln appoints Phoebe Liew as special risks underwriter
Liew joins from Texel in Singapore.
Swiss Re predicts higher claims with peak catastrophe year
AI is also set to play a bigger role for underwriting.
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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