APAC
APAC insurers predict continued cost increases in 2025
APAC insurers predict continued cost increases in 2025
Medical costs are set to rise by 12.3% in 2025, WTW says.
Insurance distribution solutions market to grow 14% CAGR
This is driven by demand from insurers to streamline distribution processes.
Aon's APAC CEO to become Global Chief Commercial Officer
Corona has been with Aon for nearly 25 years.
HDI Global reveals new head of engineering
He also brings over two decades of corporate insurance experience.
Li-Ion battery reliance impact insurers heavily, geopolitical tensions possible
A Li-Ion factory in South Korea exploded and killed 22 people last year.
Cyber insurance premiums to hit $23b by 2026
S&P anticipates APAC to have one of the fastest growth rates.
Aviation governance raises risk management stakes
These companies average a market capitalisation of $43b.
Delegated underwriting authority enterprises benefit from excess and surplus
Investments in technology and talent have further fueled the segment’s expansion.
AIA Group appoints Fisher Zhang as new regional chief executive
He will oversee operations in China, South Korea, and Vietnam.
FM appoints new VP of staff insurance operations
This will take effect, starting 1 December.
Gallagher Re launches global tropical cyclone research consortium
Tropical cyclones have caused $710b in insured losses globally since 2000.
Protection and indemnity combined ratio drops to 96% in 2023/24
The year was dominated by the Dali incident, which occurred in March.
Global reinsurance poised for growth amidst high interest rates
Higher attachment points in property reinsurance have limited loss frequency.
Reinsurers set for strong earnings through 2026
There is a growing appetite for tail-risk protection amidst severe NatCat events.
How multinationals can unlock the potential of trade credit insurance
Strong balance sheets can help multinationals achieve this.
APAC emerges as leader in renewables insurance
RE is projected to account for 45% of global electricity generation by 2030.
Premium grows 9.5% in 2023 outpacing nominal global GDP
This was mainly driven by carriers pushing for rate adequacy after high inflation.
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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