APAC
MSIG Asia partners with RiskPoint for renewable energy insurance
MSIG Asia partners with RiskPoint for renewable energy insurance
The region is expected to invest over $3t in power generation.
8 in 10 insurers plan to increase tech investment this year
36% of insurers prioritise AI and machine learning.
APAC's insured only 5.4% of $74b disaster losses: Aon
APAC was also the second-largest region in terms of economic losses.
Medical plan costs to rise by 11.1%: Aon
APAC is expected to experience the second-largestYoYr increase globally.
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.
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
