APAC
Zurich and GoImpact offer climate risk tools in APAC
Zurich and GoImpact offer climate risk tools in APAC
The collaboration provides solutions such as climate risk assessments.
D&O market faces risks due to insolvencies, AI, geopolitics
Securities class actions have risen by 43% year-on-year in Australia.
MetLife appoints new head for insurance assets
O’Brien will oversee investment strategies for MetLife’s $414.1b general account.
Tokio Marine Kiln expands APAC cyber unit with new underwriter
Her new role is effective 2 January.
APAC insurers predict continued cost increases in 2025
Medical costs are set to rise by 12.3% in 2025, WTW says.
Insurance distribution solutions market to grow 14% CAGR
This is driven by demand from insurers to streamline distribution processes.
Aon's APAC CEO to become Global Chief Commercial Officer
Corona has been with Aon for nearly 25 years.
HDI Global reveals new head of engineering
He also brings over two decades of corporate insurance experience.
Li-Ion battery reliance impact insurers heavily, geopolitical tensions possible
A Li-Ion factory in South Korea exploded and killed 22 people last year.
Cyber insurance premiums to hit $23b by 2026
S&P anticipates APAC to have one of the fastest growth rates.
Aviation governance raises risk management stakes
These companies average a market capitalisation of $43b.
Delegated underwriting authority enterprises benefit from excess and surplus
Investments in technology and talent have further fueled the segment’s expansion.
AIA Group appoints Fisher Zhang as new regional chief executive
He will oversee operations in China, South Korea, and Vietnam.
FM appoints new VP of staff insurance operations
This will take effect, starting 1 December.
Gallagher Re launches global tropical cyclone research consortium
Tropical cyclones have caused $710b in insured losses globally since 2000.
Protection and indemnity combined ratio drops to 96% in 2023/24
The year was dominated by the Dali incident, which occurred in March.
Global reinsurance poised for growth amidst high interest rates
Higher attachment points in property reinsurance have limited loss frequency.
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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.
