APAC
Asia-Pacific home insurance market to grow 10.12% by 2032
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.
Asia-Pacific insurers expand capacity for sound green projects
APAC contributed about 421.5 GW of new renewable capacity over the past 10 years.
Asia-Pacific aviation insurance to grow 8.7% through 2032
Globally, the market is projected to accumulate $7.1b by then.
Willis launches $200m cargo cover with Markel for war risk
The facility offers tailored coverage through a single policy.
Professional liability insurance is set to bag $81.2b in 7 years
APAC led the market in 2023, accounting fo 75% of total revenue.
This week in insurance: FWD IPO debuts, Global premium outlook dim, Thai claims rise from quake disaster
HSBC Life also launched a HNWI-specific product with gold tracking.
Aon reports $1.75b in M&A insurance claims globally
APAC saw a rise in Warranty & Indemnity policies last year.
General aviation gains stable rates with underwriting surplus: WTW
Around $100m in premiums are typically placed around 1 July.
Generative AI in insurance to hit $14.4b by 2032
Asia-Pacific is projected to grow the fastest, at a CAGR of 38.1%.
Specialty insurance market to grow $57b by 2028 on demand shift
Thanks to the demand for more tailored risk coverage amidst increasing globalisation.
Global insurers post 6.8% premium gain in 2024 on expansion
Eighteen out of the 20 companies reported premium growth.
Swiss Re sees global premium growth easing to 2% in 2025
China’s growth is expected to slow to 4.7% next year.
Canopius names Micia Yong APAC head of Property & Specialty Treaty
She brings over 16 years of experience in reinsurance underwriting and broking.
APAC motor insurance slated for 5.6% CAGR by 2029
China, Japan, Australia, South Korea, and India are top market performers.
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
