APAC
P&C insurance must close protection gaps or risk becoming irrelevant: McKinsey & Company
P&Cs in the Asia Pacific stand at only 0.5% of real GDP or half of the global penetration ratio.
P&C insurance must close protection gaps or risk becoming irrelevant: McKinsey & Company
P&Cs in the Asia Pacific stand at only 0.5% of real GDP or half of the global penetration ratio.
Reinsurer Canopius picks David Hoffman as Marine Underwriter
This is in line with the firm’s continued APAC expansion.
Chubb expands marine insurance in the Philippines, Malaysia
Jeanette Cebeda and Owen Poh have been named heads for both markets, respectively.
OONA Insurance announces new President and CEO
The new appointee will take over OONA CEO Jean Israel.
Generali Asia grows net results by 2.3% in 2022
The insurer said it achieved its best operating result last year.
Allianz to operate global commercial insurance business under new model
It will serve the segment as one go-to-market business.
Hannover Re APAC P&C combined ratio plunges to 126.1% in FY2022
APAC P&C fell to a $576.2m loss due to expenditures from the pandemic and disasters.
How micro pensions will help informal workers
Financial experts discuss the value of financial education and digitalisation in encouraging people to save for the future.
Swiss Re secures $700m alternative capital deal with J.P. Morgan
The deal will protect the company from losses and help its pursuit of profitable growth.
Demand for risk insurance in Asia 'steady' in 2023: Marsh
This is due to the expansion of the Asian market’s capacity for warranty and indemnity insurance
Bangladesh introduces new mortality and morbidity indices to life insurers
The new tables will take effect this 1 January 2024
APAC outperforms as global insurance M&A hit 10-year high in 2022
A slowdown in M&A deals in H2 offset some regions' performance.
Property & Casualty drives AXA’s total sales revenues up 2% for FY2022
Underlying earnings per share increased by 12% compared to 2021.
Munich Re profits reach $3.62b in profit
The insurer beat its profit guidance of $3.3b.
Anil Wadhwani joins Prudential plc as new Group CEO
Wadhwani will replace current CEO Mark FitzPatrick
CoverGo appoints new APAC managing director
The new director is based in Singapore.
Natural hazard losses, inflation weigh on APAC reinsurers in 2023
Increase in costs of claims will add pressurers to profits.
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Proactive dialogue with regulators, embracing tech advancements are key to preemptive compliance – EY's Anita Sun-Young Bong
![Proactive dialogue with regulators, embracing tech advancements are key to preemptive compliance – EY's Anita Sun-Young Bong]()
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The EY Partner reiterated that though innovation carries inherent risks, balancing it with risk management through crisis simulation systems ensures sustainable progress.
The EY Partner reiterated that though innovation carries inherent risks, balancing it with risk management through crisis simulation systems ensures sustainable progress.
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Firewalls are never enough