APAC
General aviation gains stable rates with underwriting surplus: WTW
General aviation gains stable rates with underwriting surplus: WTW
Around $100m in premiums are typically placed around 1 July.
Generative AI in insurance to hit $14.4b by 2032
Asia-Pacific is projected to grow the fastest, at a CAGR of 38.1%.
Specialty insurance market to grow $57b by 2028 on demand shift
Thanks to the demand for more tailored risk coverage amidst increasing globalisation.
Global insurers post 6.8% premium gain in 2024 on expansion
Eighteen out of the 20 companies reported premium growth.
Swiss Re sees global premium growth easing to 2% in 2025
China’s growth is expected to slow to 4.7% next year.
Canopius names Micia Yong APAC head of Property & Specialty Treaty
She brings over 16 years of experience in reinsurance underwriting and broking.
APAC motor insurance slated for 5.6% CAGR by 2029
China, Japan, Australia, South Korea, and India are top market performers.
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.
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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