APAC
Insurers to leverage AI amidst workforce retirement
Insurers to leverage AI amidst workforce retirement
SAS also forecasts the rise of omni policies.
AM Best cautions on reserve strengthening in 2025
Casualty renewals raised concerns over profitability.
Bancassurance slated for $569b by 2029
Thanks to widespread use of smart devices and internet connectivity.
Marsh appoints new Pacific sales leader
He joined Marsh in 2017.
APAC insurers stable despite LA wildfires, says Fitch
Japanese non-life insurers operating in the US are expected to manage their losses.
Asia sees rate reductions, Japan maintains firm pricing: Aon
Underwriting remains disciplined across Asia, particularly in Japan.
Allianz Commercial reels new regional had of financial lines, cyber
She holds more than 20 years of experience.
Manulife Asia announces leadership overhaul
Phil Witherington will assume the role of President and CEO of Manulife on 9 May.
Insurance investors to boost allocations abroad this year
Majority of insurers concerned about demographic shifts and AI.
Allianz, IAG eye RAC insurance acquisition
The insurer has engaged Barrenjoey to conduct a strategic review of the business.
Reinsurance market to hit $539.3b by 2029
Non-life should see revenue growth, driven by demand for property, motor.
Health insurers struggle with fraud, waste and abuse detection methods
More than 80% of insurers reported provider-induced FWA.
Talanx projects 25% net income rise in FY 2024
The company foresees a return on equity of 17.8%.
Commercial auto insurance sector slated for 6% CAGR by 2032
In APAC, the market is expanding rapidly thanks to increased trade.
Sompo appoints new risk Chief for APAC
She will report to Emmanuel Brule, CRO of Sompo International Holdings.
Insurers pivot to science-based cleantech risk modeling
This shift aims to address climate risks and capitalise on cleantech opportunities.
IFRS 17 raises financial statement clarity: Fitch
APAC insurers are reconsidering product offerings.
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1. Remote job demand in Singapore insurance rises 15.3% 2. India insurance market sees moderating premium growth: Report 3. Tokio Marine Life, RHB launch guaranteed-acceptance plan for seniors 4. Manulife to sell MVI Life to Japan’s Asahi Life 5. Hong Kong reinsurers to absorb significant claims from Wang Fuk Court fireResource Center
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AI isn’t replacing insurance, it’s finally making it work