APAC
AM Best expects Munich Re profits to stay resilient
AM Best expects Munich Re profits to stay resilient
The group posted a net profit of $6.61b (€5.7b) in 2024.
Asia-Pacific leads global engineering insurance growth at 12.4%
This would be the fastest growing region.
QBE seen to hold strong capital levels, stable outlook
The stable outlook reflects confidence in QBE’s presence in global commercial lines.
This week in insurance: Zurich pays $19.8m US claim, GEH stays public, Japan approves new quake cover
Prudential also unveiled a new CEO for its Vietnam arm.
Clyde & Co. maps dispute outlook across key business sectors
48% expect more disputes due to economic pressure and complex risk conditions.
Asia-Pacific liability insurance market to grow 8% annually
Globally, the market is expected to grow from $252.34b in 2021 to $432.81b in 2031.
Aon reports $100b in global insured disaster losses for H1
This figure marks the second-highest total for any first half of a year.
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.
Thought Leadership Centre
In Association with
Most Read
1. Nina Ong drives AI and talent upgrades at Great Eastern Life 2. Manulife’s Leah Ng says better governance boosts women’s leadership 3. Singapore shippers face policy cancellations as Iran conflict escalate 4. Better protection for vulnerable groups could boost PH insurer trust: AXA 5. How APAC cyber gap exposes households to fraudResource Center
Read Here
Advertise
Sign Up
Awards
Jul
07
Events
Event News
Speakers from Kasikornbank, KPMG Thailand, Systemweb Technology, and Simon-Kucher will share their insights on the industry’s latest trends and challenges.
Commentary
For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness