APAC

APAC reinsurers poised for growth on the back of sustained demand

Easing premium rates and organic demand will drive growth, said S&P.

Double-digit premium growth lifts AIA to record value of new business in Q3

VONB is $1.16b in Q3, a 16% increase compared to Q2 2024.

Allianz Trade launches sustainability product Surety Green2Green

It insures sustainability-related projects, and premiums received are invested in certified green bonds.

Empathy can drive life insurance sales

Successful agents know how to step into the shoes of their clients during an appointment. 

Property insurance industry to exceed $152b by 2028

China is forecast to lead with 36% in terms of written premiums.

Insurers need cultural overhaul in digital push

Digitalisation seeks to simplify processes, not complicate things.

Unit-linked insurance market to reach $2.3t by 2032

The market is forecasted to reach a CAGR of 10.9%. 

2024 insured losses exceed decade average at $108b

Total economic losses for the first three quarters reached ~$280b.

Specialist Risk Group appoints new APAC CEO

He will begin his term early next year.

Insurers are increasing investments in generative AI by 300%

Half of CEOs view AI as an opportunity, whilst the other half see it as a risk.

Miller gets new chief operating officer

She brings over three decades of experience.

Sompo welcomes new COO for APAC

She will be based in Singapore.