APAC
Miller names new APAC head of power
Miller names new APAC head of power
McGonagle joins with over a decade of experience in the sector.
Climate change drives $600b in insured losses over 20 years
28 leading global insurers saw climate-related losses reach $10.6b.
Philippines to modernise insurance data privacy practices
IC and NPC will jointly develop guidelines to ensure responsible execution.
Asia shies away from savings to protection products
This is to align with ICS and IFRS 17 standards.
Global insurance brokerage sector to reach $628.3b by 2032
The wholesale segment is anticipated to have the highest growth rate at 12.7%.
Global cyber insurance market to hit $97.3b by 2032
This is driven by the rising complexity and frequency of cyberattacks.
Insured losses top $100b for fifth consecutive year
Annual insured losses are expected to rise by 5% to 7%.
Recession, inflation top business risks for G20 leaders in next 2 years: survey
Other concerns include poverty and inequality and extreme weather events.
Insurers face challenges from aviation grey zone conflicts
GPS spoofing and jamming are growing threats for insurers.
International Association of Insurance Supervisors sees stable 2025
Supervisors are implementing stress testing and contingency planning to mitigate risks.
Mining insurance rates in Asia show slight decrease in 2024
Singapore’s property reinsurance rates showed small reductions in risks outside NatCats.
Aerospace insurance capacity outstrips rate adjustments: WTW
The fourth quarter sees about 70% of global annual airline premiums renewed.
CoverGo Claims offers real-time data integration for insurers
CoverGo also said the platform reduces operational costs.
Zurich and GoImpact offer climate risk tools in APAC
The collaboration provides solutions such as climate risk assessments.
D&O market faces risks due to insolvencies, AI, geopolitics
Securities class actions have risen by 43% year-on-year in Australia.
MetLife appoints new head for insurance assets
O’Brien will oversee investment strategies for MetLife’s $414.1b general account.
Tokio Marine Kiln expands APAC cyber unit with new underwriter
Her new role is effective 2 January.
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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