APAC
Asia’s reinsurers expand into mature global markets
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.
With Asia’s population getting older, the insurance industry has a chance to step up
Insurers need to shift to recognise ageing as opportunity rather than challenge.
Marine insurers urged to tackle modern slavery risks: IUMI
Modern slavery affects an estimated 28 million people.
HDI Global reports 8% revenue rise in H1 2025
HDI Global contributed $317.8m to Talanx Group’s net income.
Swiss Re takes first place in list of IFRS 17 reporters: AM Best
The reinsurer reported $36.2b of reinsurance revenue at end-2024.
Business travel accident insurance market to hit $26b by 2033
This represents a compound annual growth rate of 23.3%.
Dental insurance market forecasted 9.3% annual growth through 2034
Employers are also expanding coverage to reduce out-of-pocket costs.
AM Best sees reinsurance outlook supported by strong capital
The absence of significant new market entrants has helped maintain market discipline.
Only 47% of eligible clients hold cyber cover
Arctic Wolf sees cyber insurers facing higher claims in 2025.
Insurers may need to hire remotely to bridge talent gap
There is strong demand for actuaries, while underwriting faces a shortage.
This week in insurance: HNW products debut in PH, SG, HK; UOI ups tech spend; Vietnam cuts UI costs for hiring disabled
An insurer also plans to increase its tech investments by 50%.
Swiss Re’s H1 2025 profit jumps 23.8% YoY
Property and Casualty Reinsurance earned $1.2b in net income.
GlobalData says 41.9% see green insurance as essential
Meanwhile, 30.5% said such products are not essential.
Allianz Asia Pacific grows business volume 14% with strong L&H sales
Property & Casualty maintained profitability with growth in Malaysia and China.
IAG tops APAC insurance M&A rankings with $880m RAC purchase
The second-largest deal was Tian Ruixiang Holdings Ltd.’s $150m reverse merger.
Allianz Commercial flags battery overheating as key EV insurance concern
Allianz noted that 15% to 30% of EV fires are linked to charging.
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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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