APAC
Only 9.1% of Asia's economic losses insured in 2024
Only 9.1% of Asia's economic losses insured in 2024
The five-year average for insured losses was $11b.
52% of experts bleak about future amidst misinformation, weather risks
In the long-term, experts grow worrisome about environmental risks.
Global reinsurers stable despite LA wildfires – S&P
But primary insurers are expected to withstand the losses.
GAIP and Convergence to boost capacity in climate health strategies
Both parties aim to promote blended finance.
WTW unveils new head of insurance consulting and technology
Mamone brings 37 years of experience across industries.
Zurich Commercial Insurance reels in new head
She brings nearly two decades worth of experience.
Financial firms plan cautious 2025 pay raises
Region-wide, planned budget increases averaged 5.2%.
Parametric insurance market to grow 12% by 2032
AXA and Munich Re are leading the parametric insurance market.
Reinsurers face billions in California fire claims
Gallagher Re revised its insured losses estimation to $20b-$30b.
Global insured losses peak third highest since 1980
Not even half of the total losses were insured.
Global reinsurers set to keep profits high in 2025
This is forecast to happen despite lower rates in the January renewals.
Insurance operations complicated by foreign investment decline
The decline is mainly due to geopolitical tensions, COVID-19, and Russia-Ukraine war.
Insurtech market forecasted at 42% CAGR by 2028
The marketing and distribution segment is expected to see substantial growth.
APAC home insurance market to hit $82.4b by 2032
Globally, home insurance is seen to reach a CAGR of 7.3%.
MSIG Asia targets 15% CAGR in profit growth
The insurer also signalled that Asia-Pacific has the most growth potential.
Reinsurers focus on cybersecurity, pandemic risks
Roland Berger said reinsurers must continuously refine pricing, underwriting, and claims.
Manulife Asia, MDRT partner for agent development
MDRT will provide Manulife agents with tools and training to enhance skills.
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AI isn’t replacing insurance, it’s finally making it work