APAC
APAC leads in travel insurance growth with 22.1% CAGR
APAC leads in travel insurance growth with 22.1% CAGR
Globally, the market’s premiums are slated for $107b.
APAC to lead global reinsurance growth through 2031
The global market is expected to register a CAGR of 10.8%.
Asian Re grows profit with disciplined underwriting in 2024
AM Best expects performance to be supported by underwriting and investment income.
Blockchain in insurance to grow to $60b by 2032
Asia-Pacific is expected to register the highest CAGR in the coming years.
APAC seen as fastest region in medical insurance market with 12.4% CAGR
The global medical insurance market was valued at $1.7t in 2023.
Insurers cut coal mine coverage as carbon policies gain traction: Study
Carbon underwriting decisions are a potentially powerful tool in the insurance sector.
Health insurance market to hit $4.45t by 2032
The market is expected to grow 9.7% yearly.
Surety market to grow 5% annually through 2030
Markets like Australia and South Korea are expected to remain stable.
This week in insurance: Air India crash pressures reinsurers, Japan expands overseas, Gen Zs suspicious of insurance
The Philippines’ pre-need sector also by 31.23% year-on-year.
Insurance analytics market to reach $44b by 2032 on data demand
Asia-Pacific is emerging as the fastest-growing region.
Asia’s construction casualty insurance market to stay stable
Premium reductions are more likely in softer markets like Korea and China.
Over half of Gen Z cite distrust or confusion over insurance
Fitness programmes or smartwatch discounts were seen as tools to drive engagement.
Aon urges insurers to consider client readiness in cyber cover
It found that cyber events with PR fallout cut value by 27%.
Erajaya Digital debuts repair and cyber alert service with bolttech
The programme includes repair coverage for physical damage.
Aon appoints new head of Client Services
Soh brings over 19 years.
Insurers worldwide retain more risk as reinsurers limit low-layer cover
Life insurers face long-term pressure as they shift toward retirement-focused products.
Demand for professional indemnity insurance in Asia, Australia grows: Aon
However, insurers are cautious about high-risk developments such as renewable energy.
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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