APAC
Asia-Pacific’s 2024 deal activity ‘sluggish’
Asia-Pacific’s 2024 deal activity ‘sluggish’
The Ardonagh Group acquisition of PSC Insurance was the largest deal.
A fourth of the insurance industry lacks AI-experienced talent
Other concerns include a lack of customer understanding.
Manulife Asia unit net income leaps to $2b in FY 2024
EPS ended at $2.84.
Sun Life reels new CHRO for Asia
She joins from RSA, where she served as Chief People Officer.
Insurer’s investment returns lift amidst strong equity market
Investment performance rebounded in 2023 after a weak 2022.
MS Amlin posts 7% net income rise to £103m in 9M 2024
Net premium earned nearly tripled during the period.
FWD Group Expands board with three new directors
The board now has 13 members.
Aon elects new APAC CEO
She succeeds Anne Corona, who has taken a new leadership role within Aon.
Global insurtech funding hits seven-year low in 2024
Australia was one of the markets with the largest share decrease.
How did the region’s insurance market rates compare with each other?
Korea, Malaysia, Singapore, and Thailand saw the largest commercial rate drops.
Fund finance market grows, banks leverage non-payment insurance
Banks seeking capital relief may benefit from insuring fund finance exposures.
MSIG Asia, RiskPoint bet on renewable energy insurance
The Asia-Pacific region could attract $3t of investments in power generation by 2033.
This week in Insurance: Meiji Yasuda’s $2.3b deal, Allianz eyes RAC, and regional growth gains
Taiwan, Singapore, and the Philippines recorded positive market growths.
How much did APAC’s cyber insurance market bag in 2024?
Guy Carpenter cautioned about evolving threats such as ransomware.
Tokio Marine Kiln unveils new division head
He previously worked at Talbot.
Insurers need to develop new strategies amidst ‘slowbalisation’: Geneva Association
Growth opportunities have been found in political risk and renewable energy insurance.
Sun Life's Q4 net income drops 75% amidst impairment charge
It was partially offset by favourable interest rate impacts.
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1. Bajaj Allianz launches exclusive insurance for women 2. Manulife unveils IUL product tied to S&P 500 returns 3. Australian firms expect financial crime surge in 2025 4. LIA Singapore appoints Wong as president with new 2025 goals 5. Singapore general insurance increases 6.3% YoY in 2024Resource Center
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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Rethinking insurance for the masses
Navigating risk strategies for decommissioning traditional power plants