APAC
Igloo launches digital tools to support insurers and partners
Igloo launches digital tools to support insurers and partners
This is because APAC insurers spend under 3% of GWP on tech.
This week in insurance: UPI dominates payments in India, AXA re-domiciles to HK, Vietnam goes digital
In addition, SingWealth Holdings has obtained an insurance brokerage licence in Hong Kong.
Howden Re sees capital inflows boost mid-year reinsurance supply
Renewals generally saw strong demand, with most programmes achieving full subscription.
Asia’s insurance markets grow in 2024 on life, health gains
China led Asia’s life insurance recovery.
Final expense insurance market to grow at 4.62% CAGR
Urbanisation and the shift from traditional support systems are driving demand in APAC.
How do employees in Asia feel about their coverage?
Rising medical trend rates are significantly outpacing salary increases.
APAC insurance CROs lag peers on operational risk preparedness
Cybersecurity remains the leading risk in the region, cited by 62% of APAC CROs.
QBE Insurance Group could see 5% revenue growth in 2025
It also has a stable outlook thanks to expectations of continued underwriting discipline.
FSC revises digital insurance rules to boost innovation in Taiwan
It will also open the digital insurance sector to non-financial backers.
This week in insurance: Prudential’s new CEOs, PH push for private riders benefits, India lacks coverage awareness
In India, only a third of policyholders are aware of the coverage details of their health insurance plans.
Prudential appoints Naveen Tahilyani and Rajeev Mittal to key leadership roles
Both will carry the title CEO.
Howden reports 33% surge in demand for political risk insurance
Trade credit insurance has also recorded annual profits over the past decade.
HDI Global’s Q1 2025 earnings jump 35.6% YoY
Performance was also driven by business growth and inflation-related adjustments.
P&C insurers stuck with costly legacy tech, McKinsey warns
Legacy platforms are driving up IT costs and limiting operational agility.
Property and casualty insurtechs raise $1.13b in Q1 2025
Since 2012, over $60b has been invested in insurtech companies.
MS Amlin’s net premiums rise $300m on business growth in FY 2024
Reporting under UK GAAP, MS Amlin posted an underwriting profit of $288m.
Non-life ILS market hits $49.1b in cat bond capacity by April: Gallagher Re
Non-life ILS capacity has increased nearly 480% since 2010.
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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