APAC
Trade credit insurance ‘key’ to SME growth: ICISA
Trade credit insurance ‘key’ to SME growth: ICISA
The association also stated 6 recommendations for policymakers and regulators.
BMS Group appoints new chairman
He was most recently CEO and Chairman of the Executive Board at Hannover Re.
APAC’s group health insurance market slated for 12.2% CAGR by 2031
Globally, the market is seen to bag $1.8t.
Gallagher Re sees increased capacity, flexibility for reinsurance buyers
Many reinsurers also anticipate double-digit returns on equity in 2025.
Insurance M&A expected to rebound in 2025 with investor confidence
Asia may see more inbound M&A, driven in part by currency advantages for US buyers.
Insurers urged to modernise amidst looming talent shortages: Bain & Co.
Life insurers are struggling to stay relevant, especially amongst younger consumers.
Regulators monitor insurers' exposure to alternative assets
Efforts aimed at improving consistency may have immediate effects in private credit market.
Insurance customers are cautious about AI’s decision-making role
Although, 7 in 10 consumers think AI can significantly reduce waiting times.
Asia-Pacific leads universal life market with 29.7% CAGR
Globally, it is seen to reach $280b by 2032.
This week in insurance: HKIA introduces caps, MS&AD merges two subsidiaries, Prudential names new regional CEO
Taiwan’s life insurance sector is set to remain volatile in 2025 due to shifting surplus components.
Novidea appoints new APAC and MENA sales chief
He will also continue as Co-CEO of Docomotion.
Insurers seek diversification with private market assets
Whilst inflation has eased, interest rates remain elevated.
Chubb launches new casualty, cyber coverage for life science firms in APAC
Businesses will have access to multiple insurance lines through a single package.
AXA, Marsh, Link introduce sustainability-linked insurance model
This is due to real estate and insurance industries facing rising risks from NatCat.
Edge computing growth to enhance insurance sector: Allianz Commercial
It boosts the sector by automating workflows and enhances real-time data analysis.
Reinsurers enjoy favourable pricing at April 1 renewals across APAC
The relatively low NatCat losses in the region led reinsurers to deploy more capacity.
Insurers may cover only 25% to 33% of disaster damages by 2030
Insurers also expect to gain up to 15% revenue rise from AI and tech boost.
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1. Hong Kong regulator guts insurance referral fees with 50% cap 2. Can China’s $140b motor insurance market survive a 70% loss ratio? 3. PNB MetLife launches dividend fund linked to insurance 4. Taiwan life insurers face rising risk in $32b FX mismatch 5. India set to outpace China, US in premiums by 2030Resource Center
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
