APAC
Insurance industry faces limited payouts amidst 2024 economic losses
Storm frequency resulted in approximately 1,200 fatalities.
QBE Insurance reports 7% YoY GWP growth in Q1 2025
Between January and April, catastrophe claims cost QBE approximately $420m.
Sun Life Financial posts $1.1b in Q1 2025 underlying net income
The quarter’s performance was also driven by Asia’s performance.
Renewable energy insurance to bag $28b by 2034
This reflects a compound annual growth rate (CAGR) of 4.22%.
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Global Asia Insurance Partnership appoints Cheng as CEO
She has over 20 years of experience in the sector.
Zurich’s APAC segment sees P&C climb 6% in Q1 2025
Globally, life business also posted significant gains.
This week in insurance: HK’s first children’s CI coverage, Singapore hobbyists covered, Mental health claims rise in India
Markel Insurance also unveiled a Clinical Trials insurance product.
Reinsurance capital rises 5.4% to $769b on 2024 gains
Traditional reinsurance capital is projected to grow by 6% in 2025.
Manulife Asia’s Q1 net income surges 57% YoY to $435m
Globally, its Q1 2025 earnings contracted by 47% YoY.
Markel Insurance launches clinical trials coverage in 100 jurisdictions
It is tailored to meet local regulatory requirements.
Insured losses to surpass $200b in 2025 as risks escalate: Geneva Association
The institutions also emphasised how P&C re/insurance can help mitigate challenges.
Allianz Partners names new head of insurer network
He joined Allianz Consulting as a senior advisor in 2023.
Sompo names Nicholas Walsh to succeed Shea as SIH board chair
Walsh brings over 50 years of insurance industry experience.
APAC insurers brace for trade risks with strong capital buffers: S&P
Shocks will be widespread but will not be evenly distributed across the sector.
Allianz Trade taps Rodrigo Jimenez as APAC CEO
He will replace Paul Flanagan, who is retiring after 34 years.
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1. Remote job demand in Singapore insurance rises 15.3% 2. India insurance market sees moderating premium growth: Report 3. Tokio Marine Life, RHB launch guaranteed-acceptance plan for seniors 4. Manulife to sell MVI Life to Japan’s Asahi Life 5. Hong Kong reinsurers to absorb significant claims from Wang Fuk Court fireResource Center
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