APAC
Where is cyber insurance growing fastest across regions?
Where is cyber insurance growing fastest across regions?
Asia/Oceania are expected to expand their market shares to 8% by 2027.
This week in insurance: Japan seeks int’l growth, Ping An cuts carbon footprint, Tokio Marine sells Mitsubishi stake
AXA Hong Kong and Macau also partnered with Ant Bank (Hong Kong) and AlipayHK.
Income protection market to hit $56b by 2033, APAC to lead growth
The region will benefit from stable financing and supportive policy frameworks.
Howden Re sees 10% to 15% rate cuts in Japan catastrophe cover
Japan remains a key market for reinsurers due to its large volume.
How did top insurers by market cap perform in Q1 2025?
China’s PICC Property and Casualty led gains with a 40.5% rise in market value.
Allianz flags rising business exposure to civil unrest risk
APAC recorded nearly 40,000 protests and riots in 2024, highest globally.
Asia’s energy sector benefits from soft insurance market: Willis
Insurers also continue to provide strong capacity with new and expanded offerings.
Trade credit insurance ‘key’ to SME growth: ICISA
The association also stated 6 recommendations for policymakers and regulators.
BMS Group appoints new chairman
He was most recently CEO and Chairman of the Executive Board at Hannover Re.
APAC’s group health insurance market slated for 12.2% CAGR by 2031
Globally, the market is seen to bag $1.8t.
Gallagher Re sees increased capacity, flexibility for reinsurance buyers
Many reinsurers also anticipate double-digit returns on equity in 2025.
Insurance M&A expected to rebound in 2025 with investor confidence
Asia may see more inbound M&A, driven in part by currency advantages for US buyers.
Insurers urged to modernise amidst looming talent shortages: Bain & Co.
Life insurers are struggling to stay relevant, especially amongst younger consumers.
Regulators monitor insurers' exposure to alternative assets
Efforts aimed at improving consistency may have immediate effects in private credit market.
Insurance customers are cautious about AI’s decision-making role
Although, 7 in 10 consumers think AI can significantly reduce waiting times.
Asia-Pacific leads universal life market with 29.7% CAGR
Globally, it is seen to reach $280b by 2032.
This week in insurance: HKIA introduces caps, MS&AD merges two subsidiaries, Prudential names new regional CEO
Taiwan’s life insurance sector is set to remain volatile in 2025 due to shifting surplus components.
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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