APAC
NorthStandard raises premiums by 5% for 2025-2026
NorthStandard raises premiums by 5% for 2025-2026
By mid-2024, NorthStandard recorded 14 large claims exceeding $1m.
APAC’s insurance third-party administrator market to reach $515b by 2030
Globally, it is seen to reach $515b by 2030.
Only 20% of insurers assess tech risks fully
50% of CROs are already using early-warning KPIs to monitor risks.
FM appoints new COO
Hodge joined FM in 1990.
Insurance sector sees surge in patent filings for data analytics to 1,978
There are over 13,750 patents filed to date.
APAC insurers face tighter capital buffers
Some markets are not required to hold explicit capital against the illiquidity risk of private debt investments.
Asia leads in embedded insurance, set to reach $170b by 2030
70% of global losses between 2016 and 2023 from natural disasters are uninsured.
Specialist Risk Group appoints new leader for risk and compliance
She will report to CEO Warren Downey.
IAIS sets global roadmap with 2025-2029 plan on resilience
Climate change, digital, and cyber are core themes for the coming years.
Swiss Re net income falls 12% in 9M 2024
In the third quarter, its net income was $102m.
HDI Global launches first complete ESG liability coverage worldwide
It was initially offered in Italy, Spain, and Portugal.
Global R&W claims notifications fall 21%
APAC, however, reported the lowest R&W notifications in three years.
3 in 10 diabetics struggle to afford appropriate care, coverage
Mental health is also affected, as 65% of diabetics report negative impacts.
APAC’s affluent move $700b to digital wealth management
These firms are adopting hybrid models that combine digital tools with limited human assistance.
Pet insurance market to grow $30.1b by 2028
Estimates show more than 500 million companion animals in the world.
Q3 insurtech investments reach $1.38b, highest since 2023
63.4% of Q3 2024 deals are directed at AI-centered insurtechs.
Insurance firms lag in climate committees
Yet, 70% of firms view climate risk as central.
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The increasing number of affluent individuals in India and their evolving insurance needs
Rethinking insurance for the masses