APAC
Howden Asia reels in new deputy CEO
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.
Asian Gen Z confident in finance skills, lag in insurance awareness
Gen Z is projected to make up at least 25% of the APAC population by 2025.
Sun Life creates new role, appoints Deng to lead Asia operations
He will join the Asia executive team and report directly to Manjit Singh.
HDI Global appoints new heads for Marine, Technical Services
Both appointments are effective 1 January.
Insurtech market set to grow $77b by 2028
However, the high cost of investment remains a key challenge for the industry.
Asian life insurers maintain strong capitalisation
Singapore Life and Muang Thai Life exhibit some financial leverage, unlike others.
Insurance could cushion a $14t economic loss from a pandemic scenario
The transportation sector will be significantly hit, which accounts for 10% of the global GDP.
Insurance fraud detection market to hit $31.8b by 2032
APAC demand for fraud detection tech surges.
AIA maintains strong capital position in 2024: Fitch
Thanks to a coverage ratio of 262% under the local capital summation method.
Insurance may serve only the rich by 2040
The Economist Impact and SAS study identified four scenarios for the industry's future.
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1. Prudential reels in new CEO for Malaysia, Indonesia, Vietnam 2. SingSaver sees insurance as next frontier for consumer awareness 3. Quarter of Singaporeans risk high-interest loans to invest despite low literacy 4. Mitsui Sumitomo to invest $4b for 15% stake in W. R. Berkley 5. JMT, Igloo form joint venture for digital insuranceResource Center
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Enterprisers struggle with cumbersome loan requirements and high collateral.
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The increasing number of affluent individuals in India and their evolving insurance needs
Rethinking insurance for the masses