APAC
QBE's conservative portfolio curbs investment risk
QBE's conservative portfolio curbs investment risk
Net profit doubled year-on-year to $806m in H1 2024.
Aon appoints new leader for data and analytics
He will be based in Singapore.
Half of risk leaders confident in current strategy: WTW
23% of respondents said supply chain issues as a critical challenge.
Climate change alters insurer risk management: S&P
Secondary perils have caused the reinsurance industry to regain capital in 5 of 6 years.
Allianz Asia Pacific's business volume jumps 16%
The annualised premium (ANP) for Life/Health grew 14%.
APAC insurance M&A activity slows in Q3
Two major transactions faced regulatory scrutiny during the quarter.
Global life risk protection grows at 2.7% annually
Demand for protection products shows less sensitivity to interest rate changes.
Aon's new tool aids firms in cyber risk management
It aims to tackle ransomware, data breaches, business interruptions, and insider risks.
Liability insurers adjust to spike in US nuclear verdicts
In 2023 alone, nuclear verdicts increased by over 27%.
Life insurance premiums forecast to grow by 3% yearly until 2026
Global life insurance premiums are expected to rise to $4.8t by 2035.
NorthStandard raises premiums by 5% for 2025-2026
By mid-2024, NorthStandard recorded 14 large claims exceeding $1m.
APAC’s insurance third-party administrator market to reach $515b by 2030
Globally, it is seen to reach $515b by 2030.
Only 20% of insurers assess tech risks fully
50% of CROs are already using early-warning KPIs to monitor risks.
FM appoints new COO
Hodge joined FM in 1990.
Insurance sector sees surge in patent filings for data analytics to 1,978
There are over 13,750 patents filed to date.
APAC insurers face tighter capital buffers
Some markets are not required to hold explicit capital against the illiquidity risk of private debt investments.
Asia leads in embedded insurance, set to reach $170b by 2030
70% of global losses between 2016 and 2023 from natural disasters are uninsured.
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1. Remote job demand in Singapore insurance rises 15.3% 2. India insurance market sees moderating premium growth: Report 3. Tokio Marine Life, RHB launch guaranteed-acceptance plan for seniors 4. Manulife to sell MVI Life to Japan’s Asahi Life 5. Hong Kong reinsurers to absorb significant claims from Wang Fuk Court fireResource Center
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AI isn’t replacing insurance, it’s finally making it work