APAC
Insurance could cushion a $14t economic loss from a pandemic scenario
Insurance could cushion a $14t economic loss from a pandemic scenario
The transportation sector will be significantly hit, which accounts for 10% of the global GDP.
Insurance fraud detection market to hit $31.8b by 2032
APAC demand for fraud detection tech surges.
AIA maintains strong capital position in 2024: Fitch
Thanks to a coverage ratio of 262% under the local capital summation method.
Insurance may serve only the rich by 2040
The Economist Impact and SAS study identified four scenarios for the industry's future.
Miller names new APAC head of power
McGonagle joins with over a decade of experience in the sector.
Climate change drives $600b in insured losses over 20 years
28 leading global insurers saw climate-related losses reach $10.6b.
Philippines to modernise insurance data privacy practices
IC and NPC will jointly develop guidelines to ensure responsible execution.
Asia shies away from savings to protection products
This is to align with ICS and IFRS 17 standards.
Global insurance brokerage sector to reach $628.3b by 2032
The wholesale segment is anticipated to have the highest growth rate at 12.7%.
Global cyber insurance market to hit $97.3b by 2032
This is driven by the rising complexity and frequency of cyberattacks.
Insured losses top $100b for fifth consecutive year
Annual insured losses are expected to rise by 5% to 7%.
Recession, inflation top business risks for G20 leaders in next 2 years: survey
Other concerns include poverty and inequality and extreme weather events.
Insurers face challenges from aviation grey zone conflicts
GPS spoofing and jamming are growing threats for insurers.
International Association of Insurance Supervisors sees stable 2025
Supervisors are implementing stress testing and contingency planning to mitigate risks.
Mining insurance rates in Asia show slight decrease in 2024
Singapore’s property reinsurance rates showed small reductions in risks outside NatCats.
Aerospace insurance capacity outstrips rate adjustments: WTW
The fourth quarter sees about 70% of global annual airline premiums renewed.
CoverGo Claims offers real-time data integration for insurers
CoverGo also said the platform reduces operational costs.
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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.
