APAC
Aon appoints ex-Lloyd’s CEO to top Climate, Reinsurance roles
Aon appoints ex-Lloyd’s CEO to top Climate, Reinsurance roles
He will report to Andy Marcell, CEO of Risk Capital.
Reinsurers set to achieve sub-90% combined ratios: Gallagher Re
The property catastrophe market saw reduced risk-adjusted pricing.
Markel reels in new executive to boost APAC operations
He previously worked at Zurich Insurance in London and Singapore.
Prudential unveils new chief economist
They hold over 30 years of industry experience.
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.
See you in 2025!
We’re taking a short break.
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.
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1. Hong Kong regulator guts insurance referral fees with 50% cap 2. Can China’s $140b motor insurance market survive a 70% loss ratio? 3. PNB MetLife launches dividend fund linked to insurance 4. Taiwan life insurers face rising risk in $32b FX mismatch 5. India set to outpace China, US in premiums by 2030Resource Center
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
