APAC
Global Asia Insurance Partnership appoints Cheng as CEO
Global Asia Insurance Partnership appoints Cheng as CEO
She has over 20 years of experience in the sector.
Zurich’s APAC segment sees P&C climb 6% in Q1 2025
Globally, life business also posted significant gains.
This week in insurance: HK’s first children’s CI coverage, Singapore hobbyists covered, Mental health claims rise in India
Markel Insurance also unveiled a Clinical Trials insurance product.
Reinsurance capital rises 5.4% to $769b on 2024 gains
Traditional reinsurance capital is projected to grow by 6% in 2025.
Manulife Asia’s Q1 net income surges 57% YoY to $435m
Globally, its Q1 2025 earnings contracted by 47% YoY.
Markel Insurance launches clinical trials coverage in 100 jurisdictions
It is tailored to meet local regulatory requirements.
Insured losses to surpass $200b in 2025 as risks escalate: Geneva Association
The institutions also emphasised how P&C re/insurance can help mitigate challenges.
Allianz Partners names new head of insurer network
He joined Allianz Consulting as a senior advisor in 2023.
Sompo names Nicholas Walsh to succeed Shea as SIH board chair
Walsh brings over 50 years of insurance industry experience.
APAC insurers brace for trade risks with strong capital buffers: S&P
Shocks will be widespread but will not be evenly distributed across the sector.
Allianz Trade taps Rodrigo Jimenez as APAC CEO
He will replace Paul Flanagan, who is retiring after 34 years.
FM unveils $1b membership credit for policyholders in 2025–2026
Policyholders with 10 to fewer than 15 years will receive 12.5%.
The adoption of GenAI is set to reshape the insurance value chain – Boston Consulting Group’s Paul Brenchley
He discussed how insurers can leverage GenAI, especially in building new O2O channels to stay competitive in a digital-first world.
Fine art insurance market set to reach $838.4b by 2034
APAC is seen as the fastest-growing region.
Earthquake insurance market projected to reach $13.6b by 2034
This represents a compound annual growth rate of 6.0%.
Talanx Group posts $683m Q1 net income
This marks a 4.9% year-on-year (YoY) increase.
Zurich calls for investment in disaster prevention strategies
Hurricanes, floods, and wildfires caused $2t in economic losses over the past decade.
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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