APAC
Micro insurance market to grow 6.5% annually until 2032
Micro insurance market to grow 6.5% annually until 2032
Asia-Pacific market accounted for 35% of global revenue in 2023.
AIA expansion may temper capital buffer strength
It’s interest rate fluctuations may introduce volatility to its capitalisation.
Insurers brace for volatile earnings in 2025
Reinsurance demand during the renewals was fueled by volatile loss experiences.
Reinsurers boost capacity, appetite grows 10% to 15%
Non-loss-impacted property catastrophe renewals saw risk-adjusted rate reductions of 5% to 15%.
Usage-based insurance market poised to hit $286b by 2032
The Asia-Pacific region is emerging as a key growth driver.
Asia-Pacific insurers told to start targeting Gen Z
They are less aware about insurance products than Millenials.
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Commercial insurance set to grow at 7.5% CAGR by 2032
Asia Pacific led the market with a share of over 23% in 2023.
Non-life insurers told to upgrade tech to drive growth
It could help the industry ride market trends and mitigate risks.
QBE's gross written premiums rise 1.5% to $17.6b in 9M 2024
Strategic portfolio exits have mitigated the impact of catastrophe losses.
SME insurance is seen to reach $417b through 2032
Smaller organisations lack the resources and experience to form a separate risk department.
Professional indemnity claims rise by 6% in two years
Marsh India said PI claims range from $20m to $100m.
Catastrophe bonds could boost cyber risk capacity
Cat bonds could significantly enhance risk-absorbing capacity.
Flood insurance market set to grow at 14.5% CAGR by 2032
The region is expanding rapidly due to urbanisation.
Munich Re eyes $6.3b net profit in 2025
The company expects group insurance revenue to reach $67.2b.
Insurers plan increased use of facultative reinsurance by 2025
Yet, over half of decision makers identified capacity as a major obstacle.
Howden Asia reels in new deputy CEO
His start date is subject to fulfilling his contractual obligations with current employer.
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AI isn’t replacing insurance, it’s finally making it work