APAC
Swiss Re bags $3.2b profits, rises 3.1% YoY in FY 2024
Swiss Re bags $3.2b profits, rises 3.1% YoY in FY 2024
The company targets a net income of over $4.4b for 2025.
Rising litigation costs pressure casualty reinsurers on reserves
Social inflation remains a key driver of casualty loss trends, an analyst said.
QBE Asia names CEO for new role
He is currently CEO of QBE Singapore.
Critical illness insurance market to hit $295b by 2032
The region is likely to see significant expansion, driven by population growth.
Airline insurance market to stay soft in early 2025: WTW
Excess capacity drove rates downward throughout the year despite efforts to tame this.
What challenges Asian women's financial readiness?
Healthcare costs are a significant barrier to financial security.
Pension assets hit $58.5t, up 4.9% in 2024
Australia eyes second-largest pension market spot by 2030.
Cyber insurance expansion challenged by exposure limits
Industry insiders cited risk assessment as the biggest concern.
Great Eastern’s FY 2024 earnings surge 30% YoY
EPS was at S$2.10.
Insurance analytics market set to reach $29.4b by 2032
Data security, privacy, and analytical workflows pose concerns.
This week in insurance: Sompo splits business, Aon’s new APAC CEO, and growth across financials
FWD also announced the retirement of Richard Sun Po Yuen from the board.
Prudential, MDRT partner for agency growth and professional development
It also launched a recognition programme for its agents.
Zurich APAC sees 12% boost in P&C premiums for FY 2024
Growth was supported by higher retail motor and travel sales.
Two-thirds worry about healthcare access despite financial readiness
Younger generation also demand simpler and more attractive products.
Fitch Ratings forecasts more insurance sector regulations
Mainly due to changing capital requirements.
P&I clubs face offset of gains by rising pool claims
AM Best also expects further rate adjustments in upcoming renewals.
Global insurance protection gap hits 60% amidst warming
Total economic losses exceeded $350b in 2024.
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1. Bajaj Allianz launches exclusive insurance for women 2. Manulife unveils IUL product tied to S&P 500 returns 3. Australian firms expect financial crime surge in 2025 4. LIA Singapore appoints Wong as president with new 2025 goals 5. Singapore general insurance increases 6.3% YoY in 2024Resource Center
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