APAC
WTW launches AI tool radar vision for insurers
WTW launches AI tool radar vision for insurers
It aims to improve underwriting profitability and reduce costs.
Allianz APAC posts 15% YoY jump in business volume for FY 2024
Taiwan recorded the largest NBV expansion with a 68% increase.
Crisis claims rise in APAC, says Willis report
21% of emergency repatriation incidents were due to political unrest last year.
Zurich Insurance Hong Kong bags double APE growth
The company’s customer net promoter score rose 15% YoY.
Navigating risk strategies for decommissioning traditional power plants
As the energy sector continues its evolution, operators must proactively approach risk mitigation strategies.
Allianz reports 16.7% increase in net income for FY 2024
It’s life and health segment saw the largest YoY increase of 14.7%.
Zurich announces leadership changes for APAC business
A new Chief Underwriting Officer and head of Technical Underwriting were named.
Insurers need data-based models amidst trillion-dollar solar storm scenario
Greater China is forecasted to record $429b whilst Asia-Pacific at $375.
Chubb buys Liberty Mutual’s P&C businesses in Thailand, Vietnam
Terms of the deal were not disclosed.
Allianz Commercial names new lead for Alternative Risk Transfer
Ficarra joins from Allianz Commercial London.
Insurers shift from traditional to real-time risk analysis
Thanks to increased AI-adoption, threats are also rising with phishing attacks up 135% in 2 months.
Swiss Re appoints new CUO, Patrick Raaflaub to retire
Raaflaub will retire by the end of September 2025.
Grandtag Financial reels in new chief proposition officer
They have over two decades of experience.
Insurers, governments must address longevity challenges together
People in developed countries tend to underestimate their lifespans.
Swiss Re bags $3.2b profits, rises 3.1% YoY in FY 2024
The company targets a net income of over $4.4b for 2025.
Rising litigation costs pressure casualty reinsurers on reserves
Social inflation remains a key driver of casualty loss trends, an analyst said.
QBE Asia names CEO for new role
He is currently CEO of QBE Singapore.
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AI isn’t replacing insurance, it’s finally making it work