APAC
Peak Reinsurance lauded as Asian Reinsurer of the Year - Gold at Insurance Asia Awards 2025
Peak Reinsurance lauded as Asian Reinsurer of the Year - Gold at Insurance Asia Awards 2025
The company reported a net profit after tax of US$187m, achieving a stellar performance amidst a challenging economic environment.
Asia’s finest insurers, innovations lauded at the 10th Insurance Asia Awards
The awards programme showcased industry leaders reshaping the future of insurance in Asia Pacific.
Cyber insurance outlook stable, supported by new capital and regulation
Growth is expected to be driven by SMEs in Asia and Europe.
Agricultural insurance market to hit $67.4b by 2032
High premiums and limited access for marginal farmers could constrain growth.
Asia-Pacific leads livestock insurance market with 39.7% share
Globally, the market is projected to grow to $8.5b by 2034.
HSBC names Kate Subak as new CEO of HSBC Insurance (Bermuda)
She was previously COO of Sun Life International in Bermuda.
Insurers raise private asset allocations to 21% in 2024
17% of fixed income investments are now in private credit.
P&C insurance market to reach $3t by 2032 on global demand
The market was valued at $1.9t last year.
This week in insurance: YAS rolls out AI, Prudential upgrades with pet coverage, Resolution Life completes block transaction
Manulife Singapore also shared new digital initiatives.
Allianz unveils CAReS platform to assess climate-related risks
Global losses from climate-related natural catastrophes reached $327b in 2024.
Fitch sees QBE outlook steady on higher profits and lower risk
It cited continued operational strength and reduced earnings volatility as key drivers.
Insured losses reach $70b in H1 2025: Guy Carpenter
The second quarter saw a levelling off in losses.
Marsh reports 6% rise in captive premiums to $77b in 2024
Marsh has assisted in forming nearly 500 new captives, including 92 in 2024.
Auto insurers under strain from high-tech repairs
Fixing EVs is expensive, leading many to declare these as a loss.
HDI Global SE appoints two senior executives for risk finance division
Nelson Castellanos has been named a Vice President and Fabien Guilhot has been appointed a director.
Allianz Commercial names new regional head of Liability
He also joins from Allianz Insurance Singapore.
MCIS Life: Pioneering sustainability in Malaysia
The company is redefining responsible business through efforts like the Legacy Forest, Purple Truck mobile health unit, and ESG-driven insurance solutions.