APAC
Central Asia insurers diversify portfolios with reinsurance play: AM Best
Despite the shift possibly driving profits, AM Best still warns of risks.
P&C insurance market prepares for demographic shift by 2050: Capgemini
45% of consumers expect to spend more on lifestyle upgrades.
Asia’s commercial rates contracts in Q1 2025
This is the fifth consecutive quarter that rates have fallen.
Swiss Re brings in 17-year CRO veteran for top risk role
He will succeed Patrick Raaflaub, who is stepping down from the role.
Insurance companies risk missing $160b without AI scale
Those who successfully deploy AI invest about 30% more in AI capabilities than peers.
Marsh McLennan posts 1.4% dip in net income for Q1 2025
It’s APAC segment bagged $335m in revenues.
Chubb assigns Janene Blizzard to oversee A&H portfolios in APAC
Blizzard joined Chubb in 2008.
Embedded insurance emerges as fastest-growing distribution channel
Nearly a third of professionals favour it over direct-to-consumer models.
Global protection gap narrows to 36%, lowest Q1 figure since 1990
Earthquakes in Myanmar and China were drivers of insured losses from disasters.
Markel announces acquisition of marine insurance specialist MECO Group
Markel plans to leverage MECO’s presence in APAC.
Insurers and pensions fill infrastructure lending gap: AllianzGI
The volume of debt being taken up by institutional investors has steadily grown.
Miller reels ex-Munich Re as new head of Origination, Strategic Advisory
She spent 26 years at the company in various senior roles.
Insurance BPO forecast shows $5.4b rise over nine years
APAC is also forecasted to be the fastest-growing region.
Aon launches growth tool to help insurers benchmark performance
It enables insurers to self-assess across seven key performance categories.
Manulife appoints new Chief Actuary
Hung Ko will also take on an expanded role following Stephanie Fadous’ appointment.
S&P warns trade volatility may pressure reinsurer portfolios
Top 19 global reinsurers are expected to absorb around 20% of personal lines losses.
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For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness