APAC
Rate pressure continues in aviation insurance: Gallagher Re
Rate pressure continues in aviation insurance: Gallagher Re
The Jeju Airline loss calls for revising airline insurance pricing.
Insurers urged to focus on coverage gaps, resiliency
They are also told to leverage technology strategically to improve their business strategies.
WTW launches cyber insurance facility in Singapore, Hong Kong
AI was ranked amongst the top five emerging risks in Asia.
Asia-Pacific leads in marine insurance market share with 28%
Thanks to expanding manufacturing sector and increasing maritime trade.
APAC reinsurance sees rate reductions: Gallagher Re
Pricing also softened in smaller Southeast and North Asian markets.
Health insurance sector set for 8% annual growth
APAC is forecast to grow at the highest CAGR, fueled by chronic disease prevalence.
Sompo appoints new chief claims officer
He transitioned into insurance from a senior associate role at Deloitte.
Aon appoints ex-Lloyd’s CEO to top Climate, Reinsurance roles
He will report to Andy Marcell, CEO of Risk Capital.
Reinsurers set to achieve sub-90% combined ratios: Gallagher Re
The property catastrophe market saw reduced risk-adjusted pricing.
Markel reels in new executive to boost APAC operations
He previously worked at Zurich Insurance in London and Singapore.
Prudential unveils new chief economist
They hold over 30 years of industry experience.
Micro insurance market to grow 6.5% annually until 2032
Asia-Pacific market accounted for 35% of global revenue in 2023.
AIA expansion may temper capital buffer strength
It’s interest rate fluctuations may introduce volatility to its capitalisation.
Insurers brace for volatile earnings in 2025
Reinsurance demand during the renewals was fueled by volatile loss experiences.
Reinsurers boost capacity, appetite grows 10% to 15%
Non-loss-impacted property catastrophe renewals saw risk-adjusted rate reductions of 5% to 15%.
Usage-based insurance market poised to hit $286b by 2032
The Asia-Pacific region is emerging as a key growth driver.
Asia-Pacific insurers told to start targeting Gen Z
They are less aware about insurance products than Millenials.
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1. Vietnam’s life insurance sector slated for dip this 2025 2. BFSI sector leads cyber insurance adoption at 35% to 40% share 3. Malaysia’s healthcare system faces funding, cost challenges 4. This week in insurance: Singapore's insurance sector sees market growth 5. Few Singapore SMEs have cyber insuranceResource Center
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