APAC
Driver accident insurance market to reach $9.5b by 2029
Growth will likely be supported by the wider use of telematics in insurance products.
Domestic worker insurance market sees steady 7.5% growth outlook
The sector is projected to reach $5.05b by 2029.
How insurance markets are rewarding buyers with lower global rates
But Aon warns that volatility in property, cyber, and casualty lines remains a concern.
WTW expects busy renewals as aviation rates diverge in Q4
They also forecast single-digit percentage increases in rates.
Forrester forecasts 15% growth in cyber insurance amidst AI risks
Insurers are advised to offer tools for risk mitigation and new underwriting models.
Why 1 in 5 think AI will replace human insurance agents
Over half were comfortable using AI with a human option available.
Asia reinsurers face lower premiums as capacity and capital expand: S&P
Catastrophe losses and capital market volatility remain key downside.
Tokio Marine GX backs new insurance for nuclear fusion risks
The initiative aims to ensure insurance frameworks and capacity are in place.
Why is cyber insurance the most in-demand coverage today?
27.4% believe cyber insurance will see the highest increase.
Marine insurance market to stay soft for up to two years
This is likely due to sustained competition, rising capacity and increased participation.
Solar insurance market to reach $13.8b by 2034
Demand for such policies has grown amidst more frequent extreme weather events.
Mitsui Sumitomo Insurance names Eric Schaap to lead broker ties
Schaap will report to Keisuke Ema.
McKinsey finds insurers lagging peers miss out on AI-led gains
AI has led to 10% to 20% improvement in new-agent success.
Insurance advisory market to reach $20.4b by 2029
SMEs are a major growth driver, the report says.
WTW launches Captive Fit to optimise captive risk management
It is designed to manage reserve, premium, and investment risks.
Variable life insurance set to hit $149.7b market size by 2034
Asia-Pacific had the largest share in 2024.
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Speakers from Kasikornbank, KPMG Thailand, Systemweb Technology, and Simon-Kucher will share their insights on the industry’s latest trends and challenges.
Commentary
For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness