APAC
APAC medical professional liability insurance to grow 11.5% through 2034
APAC medical professional liability insurance to grow 11.5% through 2034
In 2023, China had approximately 4.78 million medical practitioners.
Trade credit insurance market to grow 10.7% annually through 2033
Asia-Pacific is forecast to grow at the fastest rate.
Willis appoints Atilgan as head of trade credit growth in Asia
He has over 20 years of experience in finance, banking, and insurance.
Insurance aggregators forecast $130b growth by 2031
APAC is set to see strong growth, particularly in India and China.
Nuclear energy gains traction with insurers on project risks
Insurers are pushing for customised products that better fit these risks.
Global crop insurers expand with 8.7% annual growth rate
Asia-Pacific is expected to see the fastest growth.
Pacific insurers cut rates as property and cyber drive decline
Property rates dropped 13%.
This week in insurance: Insurance M&A volume falls, HK insurance premiums hit $28.6b, Tokio Marine rebrands direct auto insurance unit
Global insurance carrier M&A activity dropped to its lowest level.
Energy insurers report $2b in claims as rates continue falling
Due to increased capacity and competition, particularly in local and int’l markets.
Aon names DeBrunner to lead global accounting functions
He will succeed Michael Neller, who has held the role since 2018.
Insurance rates fall across major lines in Asia during Q2 2025
Property insurance rates dipped 5%, driven by strong competition amongst insurers.
P&C insurers see steady 4.3% CAGR through 2032
Demand is rising in APAC due to urbanisation and increased risk awareness.
BMS strengthens financial lines with dual national appointments
Both McMillan and Jani joined BMS following its acquisition of Bluebook Brokers.
Aon sees improved insurance terms with rising capacity in Q2 2025
Improved terms were seen in property, cyber, and D&O lines.
Hydrogen projects drive insurance premiums past $3b by 2030
In APAC, hydrogen is gaining traction as part of the region’s clean energy shift.
Aon Q1 2025 net income jumps 10% YoY
EPS climbed 19% YoY.
Swiss Re appoints Abrokwah to lead L&H Japan
He joins from Swiss Re’s US L&H business.
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AI isn’t replacing insurance, it’s finally making it work