APAC
HDI Global names Bode as new head of reinsurance after Fischer
HDI Global names Bode as new head of reinsurance after Fischer
In her dual role, Bode will continue to report to Stefan Pasternak, CFO of HDI Global.
bolttech partners GSMA to guide telcos on embedded insurance growth
The market is projected to reach $703b by 2029.
Insurers expect climate risk to grow in importance over 3 years
About two-thirds allocate 4% of their portfolios to sustainable assets.
Pet insurance market slated for 15.7% CAGR through 2030
Cat ownership is making the insured segment the fastest-growing.
Commercial insurance market to grow 7.9% yearly until 2030
APAC is expected to record the fastest growth.
Prudential posts 7% rise in H1 2025 profit to $1.4b
Earnings per share rose 12% to 49.3 cents.
Aon says profitable growth linked to focus and relevance
But profitability varied across property and casualty lines.
Miller names Cumberland to newly created global broking role
He was most recently Executive Director at Howden.
HDI Global names Tikhonov to lead marine risk operations
He succeeds Felix Cassau, who has taken up a new role at Hannover Re.
Sumitomo Mitsui Financial’s profitability to strengthen in next 18 months
The improvement is projected to come from revenue growth.
QBE names new CEO for South Asia and head of Partnerships in Asia
Both will be based in Singapore and report to Rob Kosova, CEO of QBE Asia.
APAC slated for 20% of global pet insurance market in 2025
Employer benefits programmes offering pet insurance have increased by 30%.
Insurance fraud worldwide estimated to exceed $80b annually in 2025
Asia-Pacific reported a 22% year-on-year increase in fraudulent claims in 2023.
APAC’s takaful insurance market to grow fastest with 18.4% CAGR by 2032
Globally, the market is projected to bag $126.8b by 2032.
This week in insurance: Bupa HK unveils Blua Health Pass; FWD HK new insurance plan; MS&AD $1.51b net income in Q1
Worldwide, the insurer’s revenue rose 8% on a currency-adjusted basis to $5.92b.
Asia’s reinsurers expand into mature global markets
AM Best’s Asia Reinsurance Composite posted higher net income in 2024.
ICIEC signs revised MOU with NEXI on blended finance
It aims to strengthen investment flows into ICIEC’s 50 member countries.
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1. India insurance market sees moderating premium growth: Report 2. Remote job demand in Singapore insurance rises 15.3% 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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