APAC
AIA names HSBC chairman Mark Tucker as next chairman and director
AIA names HSBC chairman Mark Tucker as next chairman and director
Tucker will step down from his HSBC role on 30 September 2025.
How insurers can minimise the impact of system outages
Observability is no longer a ‘nice to have’; it’s a strategic differentiator.
This week in insurance: SK non-life insurers face pressure, Dai-Ichi Life HD buys stake in M&G, Australia sues comparison site
In addition, Cambodia’s gross premiums rose by 6.6% YoY in April to $27.3m.
Axa Hong Kong and Macau launch Max Goal II Insurance Plan
It promises a breakeven timeframe of 5 years.
Insurtech bolttech closes $147m series C funding round
Sumitomo Corp also entered into a JV with bolttech for embedded insurance.
Lockton appoints Darryl Lee as head of ProExec
Lee joins from Aon, where he spent 8 years.
Igloo launches digital tools to support insurers and partners
This is because APAC insurers spend under 3% of GWP on tech.
This week in insurance: UPI dominates payments in India, AXA re-domiciles to HK, Vietnam goes digital
In addition, SingWealth Holdings has obtained an insurance brokerage licence in Hong Kong.
Howden Re sees capital inflows boost mid-year reinsurance supply
Renewals generally saw strong demand, with most programmes achieving full subscription.
Asia’s insurance markets grow in 2024 on life, health gains
China led Asia’s life insurance recovery.
Final expense insurance market to grow at 4.62% CAGR
Urbanisation and the shift from traditional support systems are driving demand in APAC.
How do employees in Asia feel about their coverage?
Rising medical trend rates are significantly outpacing salary increases.
APAC insurance CROs lag peers on operational risk preparedness
Cybersecurity remains the leading risk in the region, cited by 62% of APAC CROs.
QBE Insurance Group could see 5% revenue growth in 2025
It also has a stable outlook thanks to expectations of continued underwriting discipline.
FSC revises digital insurance rules to boost innovation in Taiwan
It will also open the digital insurance sector to non-financial backers.
This week in insurance: Prudential’s new CEOs, PH push for private riders benefits, India lacks coverage awareness
In India, only a third of policyholders are aware of the coverage details of their health insurance plans.
Prudential appoints Naveen Tahilyani and Rajeev Mittal to key leadership roles
Both will carry the title CEO.
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AI isn’t replacing insurance, it’s finally making it work