APAC
APAC’s pet insurance market to surge by 18% CAGR through 2033
APAC’s pet insurance market to surge by 18% CAGR through 2033
Globally, the market was valued at $5.21b in 2025.
Insurance BPO market to grow 5.4% annually through 2034
In 2024, claims processing accounted for over 30% of total market revenue.
This week in insurance: Philippine deposit insurance rises, ICA calls for flood defence fund, solar storms to bring trillion-dollar loss
Vietnam also aims to amend the law on deposit insurance.
Manulife’s AI-investments to deliver threefold ROI by 2027
The company realised over $600m in benefits in digitalisation efforts last year.
Microinsurance expands to cover 344m globally in 2024
The Philippines was amongst the top countries with a high penetration rate.
NorthStandard reels in new head of Sustainability
She joins from Fintel plc.
Miller forms new M&A, strategic solutions team
They will operate within Miller’s Professional & Financial Risks business.
Health insurance market to reach $5t by 2032
In India alone, an estimated 1.5 million new cancer cases were reported in 2022.
Liberty Mutual's net income hits $4.4b in FY 2024
For the year, revenue increased by 1.6% YoY to $50.2b.
AXA XL Insurance unveils new Asia CEO
She succeeds Gilles Fromageot.
Canopius bolsters APAC team with new head
He has more than 20 years of experience in the insurance industry.
WTW launches AI tool radar vision for insurers
It aims to improve underwriting profitability and reduce costs.
Allianz APAC posts 15% YoY jump in business volume for FY 2024
Taiwan recorded the largest NBV expansion with a 68% increase.
Crisis claims rise in APAC, says Willis report
21% of emergency repatriation incidents were due to political unrest last year.
Navigating risk strategies for decommissioning traditional power plants
As the energy sector continues its evolution, operators must proactively approach risk mitigation strategies.
Zurich Insurance Hong Kong bags double APE growth
The company’s customer net promoter score rose 15% YoY.
Allianz reports 16.7% increase in net income for FY 2024
It’s life and health segment saw the largest YoY increase of 14.7%.
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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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Speakers from Kasikornbank, KPMG Thailand, Systemweb Technology, and Simon-Kucher will share their insights on the industry’s latest trends and challenges.
Commentary
For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness