APAC
Globally insured losses highest since 2011
Globally insured losses highest since 2011
But the total global economic losses stood at $151b, lowest since H1 2021.
Marsh McLennan posts $1.2b profit in Q2 2025
For the first half of 2025, net income for the period was $2.6b.
Cargo insurance market to grow 4.2% through 2029
The market is expected to bag $70b.
McKinsey sees AI transforming underwriting and claims work
AI is expected to handle nearly all customer onboarding and policy processes.
APAC leads global burial insurance growth at 8.5% CAGR
Decline of extended family systems are increasing demand for burial insurance.
Insurance third-party administrators market to grow 10.3% in 2025
Asia-Pacific is expected to post the fastest growth through 2029.
AM Best expects Munich Re profits to stay resilient
The group posted a net profit of $6.61b (€5.7b) in 2024.
Asia-Pacific leads global engineering insurance growth at 12.4%
This would be the fastest growing region.
QBE seen to hold strong capital levels, stable outlook
The stable outlook reflects confidence in QBE’s presence in global commercial lines.
This week in insurance: Zurich pays $19.8m US claim, GEH stays public, Japan approves new quake cover
Prudential also unveiled a new CEO for its Vietnam arm.
Clyde & Co. maps dispute outlook across key business sectors
48% expect more disputes due to economic pressure and complex risk conditions.
Asia-Pacific liability insurance market to grow 8% annually
Globally, the market is expected to grow from $252.34b in 2021 to $432.81b in 2031.
Aon reports $100b in global insured disaster losses for H1
This figure marks the second-highest total for any first half of a year.
Asia-Pacific home insurance market to grow 10.12% by 2032
Globally, the market is expected to bag $477b.
Aon reports 22% rise in APAC cyber claims in 2024
Claims involving social engineering and fraud surged 233%.
Cyber insurance market to hit $74b globally by 2033
The market was valued at $14.2b in 2024.
Term life insurance sector slated for 8.7% CAGR through 2032
Regionally, Asia-Pacific is projected to see the strongest growth by 2032.
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AI isn’t replacing insurance, it’s finally making it work