APAC
Commercial insurance set to grow at 7.5% CAGR by 2032
Commercial insurance set to grow at 7.5% CAGR by 2032
Asia Pacific led the market with a share of over 23% in 2023.
QBE's gross written premiums rise 1.5% to $17.6b in 9M 2024
Strategic portfolio exits have mitigated the impact of catastrophe losses.
Non-life insurers told to upgrade tech to drive growth
It could help the industry ride market trends and mitigate risks.
SME insurance is seen to reach $417b through 2032
Smaller organisations lack the resources and experience to form a separate risk department.
Professional indemnity claims rise by 6% in two years
Marsh India said PI claims range from $20m to $100m.
Catastrophe bonds could boost cyber risk capacity
Cat bonds could significantly enhance risk-absorbing capacity.
Flood insurance market set to grow at 14.5% CAGR by 2032
The region is expanding rapidly due to urbanisation.
Munich Re eyes $6.3b net profit in 2025
The company expects group insurance revenue to reach $67.2b.
Insurers plan increased use of facultative reinsurance by 2025
Yet, over half of decision makers identified capacity as a major obstacle.
Howden Asia reels in new deputy CEO
His start date is subject to fulfilling his contractual obligations with current employer.
Beazley unveils new head of cyber risks
They previously served as head of International Cyber for over a decade.
How much do Malaysian FI boards really cost?
Board chair retainer fees were typically 1.3 to two times higher than other board members.
What business risks insurers need to be aware of this 2025
Labour and talent shortages have overtaken economic concerns, said business leaders.
Chubb appoints John Latter as lead claims officer
He joined the company in 2017 from Zurich Insurance.
MSIG Asia reels in new VP for cyber, financial lines
He has over two decades of experience in the global reinsurance sector.
Delta taps Lucy Loh as Asia claims lead
Loh brings over 30 years of experience in claims management.
Swiss Re aims for $4.4b profit in 2025
Life & Health Reinsurance (L&H Re) unit aims for a net income of $1.6b.
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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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