APAC
This week in insurance: Philippines to expand coverage for OFWS, Allianz sells stake in 2 Indian units, Manulife Asia gets new CEO
This week in insurance: Philippines to expand coverage for OFWS, Allianz sells stake in 2 Indian units, Manulife Asia gets new CEO
Financial security and coverage seems to lack amongst business leaders and mothers.
Cyber ILS market grows as insurers seek alternative risk transfers
Cyber insurance demand is seen to reach $23b by next year.
Travel insurance market to reach $86.39b globally by 2030
Demand is also driven do to rising popularity of adventure and sports tourism.
SME insurance market to reach $39b globally by 2032
The region holds the largets market share.
Sun Life veteran named CFO for Asian operations
He has been interim CFO since September last year.
Talanx net income jumps 25% YoY in FY 2024
Insurance revenue in the Corporate & Specialty division grew 10% YoY.
Warranty and Indemnity insurance in Asia surges, record policy placements
These policies provided over $7.8b in protection limits.
Maternity health insurance market to grow at 7.9% CAGR by 2032
Based on mode, online segment held the highest market share in 2023.
Experts warn insurers of growing vulnerability to token theft
Six in 10 businesses have shut down in the past three years due to ransomware.
MS Amlin’s FY 2024 underwriting profits rise 12% to $250m
Gross written premiums increased to $2.2b.
Business insolvencies to rise by 5% in 2025: Allianz Trade
Insurers must brace for high interest rates, which could strain heavily leveraged sectors.
Howden Private Wealth announces new CEO for Singapore, Malaysia
A deputy CEO has also been appointed for Hong Kong.
Generali earnings reach $5b in FY 2024
Gross written premiums rose by 14.9% YoY.
Takaful insurance market to grow at 9.41% CAGR
It was valued at $45.51b last year.
Marsh launches Cyber Echo Encore, boosting cyber insurance capacity
It also provides up to $45m in additional cyber insurance capacity.
Markel names new CEO of its primary underwriting businesses
He brings over 20 years of experience in specialty insurance.
Manulife Asia reveals new CEO
The group also unveiled a new CEO.
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1. Nina Ong drives AI and talent upgrades at Great Eastern Life 2. Manulife’s Leah Ng says better governance boosts women’s leadership 3. Singapore shippers face policy cancellations as Iran conflict escalate 4. Better protection for vulnerable groups could boost PH insurer trust: AXA 5. How APAC cyber gap exposes households to fraudResource Center
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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