APAC
Zurich Insurance appoints Pitsikas as head of SME APAC
Zurich Insurance appoints Pitsikas as head of SME APAC
He will report to Sean Walker, head of Commercial Insurance.
Zurich Insurance calls for stronger public-private coordination on climate risks
Extreme weather events caused ~$2t in economic losses over the past decade.
Is the Asian auto insurance industry ready for the cars of the future?
The demand of an evolving auto insurance landscape will give rise to a new age of insurance startups.
Q1 2025 natural disasters cost APAC billions, insurance coverage limited
In Q1 2025, South Korea and Japan faced significant wildfire activity.
Global pet insurance market set to reach $68.91b by 2032
This equates to a CAGR of 18.13%.
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.
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
