APAC
Insurance analytics market set to reach $29.4b by 2032
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.
Asia-Pacific’s 2024 deal activity ‘sluggish’
The Ardonagh Group acquisition of PSC Insurance was the largest deal.
A fourth of the insurance industry lacks AI-experienced talent
Other concerns include a lack of customer understanding.
Manulife Asia unit net income leaps to $2b in FY 2024
EPS ended at $2.84.
Sun Life reels new CHRO for Asia
She joins from RSA, where she served as Chief People Officer.
Insurer’s investment returns lift amidst strong equity market
Investment performance rebounded in 2023 after a weak 2022.
MS Amlin posts 7% net income rise to £103m in 9M 2024
Net premium earned nearly tripled during the period.
FWD Group Expands board with three new directors
The board now has 13 members.
Aon elects new APAC CEO
She succeeds Anne Corona, who has taken a new leadership role within Aon.
Global insurtech funding hits seven-year low in 2024
Australia was one of the markets with the largest share decrease.
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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