APAC
Aon expands reinsurance work with Moody’s into commercial risk
The products aim to offer more efficient risk transfer and improve casualty protection.
Canopius appoints Chen Zhang and Channing Chiu to APAC roles
Both will report to Soon Keen (SK) Lee, CEO of Canopius APAC and MENA.
Allianz reports Q1 net income contracts by 1.9%
During the three month period, total business volume reached $60.48b.
Swiss Re posts $1.28b Q1 profit with gains in underwriting and tax
P&C Re reported a net income of $527m, lower on a YoY basis.
This week in insurance: GAIP’s new CEO, Zurich offers takaful on Shopee, Japan's worker shortage
Hong Kong travellers also rush to buy insurance amidst safety concerns.
WTW expands Luke Ware’s duties with Asia leadership appointment
He has over two decades of experience.
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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