APAC
Insurance-linked securities market grows 10.5%, nears $50b notional value
Insurance-linked securities market grows 10.5%, nears $50b notional value
The market benefited from strong issuance activity.
Everest Re FY 2024 net income shrinks to $1.4b
Although, gross written premiums climbed 9.1% YoY.
Commercial insurance rates dip 3% in Q4 2024
Financial and professional lines declined the fastest at 9%.
APAC insurers wary of geopolitical instability in next two years
Cyber threats, on the other hand, are a moderate to severe risk.
Chubb’s net income rises 2.7% to $9.27b in FY 2024
The APAC unit saw a 22.2% surge in P&C insurance.
RSM posts $1.1b revenue in APAC for FY 2024
Revenue from developed Asian economies saw a 9% YoY increase.
Great Eastern, AmMetLife cancel acquisition plan
The plan was initially signed in 2023.
Aon reports 45% earnings boost in Q4 2024
Basic earnings per share (EPS) during the quarter was $3.31.
Marsh McLennan bags $4.1b for FY 2024
It’s full-year revenue increased by 8% YoY to $24.5b.
Travel credit insurance CAGR to exceed 10% through 2032
The region was noted as an emerging market in this industry.
AIA’s value of new business slated for 23% growth for Q4 2024
But challenges in Malaysia and Thailand could weigh on performance.
Insurance Development Forum appoints new chair of operating committee
He succeeds Rowan Douglas, CEO of Climate Risk & Resilience at Howden.
IAIS sets 2025 to 2026 goals with four core objectives
Post-adoption of ICS in late 2024, the IAS is shifting to implementation.
Insurance brokers eye stable growth in 2025: S&P Global Ratings
Non-brokers will face more variable performance but likely to withstand headwinds.
Cyber ILS market taps $750m for expanding insurance
Cyber insurance market is expected to more than double in size over the next decade.
Mobile phone insurance market slated for 12.8% annual growth
The market is forecasted to bag $39.29b in 2024.
Reinsurers to meet cost of capital through 2025: S&P Global Ratings
Favourable reinsurance pricing continues to support profitability.
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For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness