APAC
Zurich hikes Beazley bid after rejection of $17 per share offer
Zurich hikes Beazley bid after rejection of $17 per share offer
Beazley got the new proposal on 19 January and told investors to take no action.
Asia-Pacific construction insurance rates slide in Q3 2025
Smaller firms saw at least 10% cuts and some lower deductibles on indemnity cover.
Inpatient plan premiums up nearly 60% since 2021
Outpatient utilisation index rose 101% in two years.
Saudi Re secures regulatory approval for India GIFT City branch
Operations are scheduled to begin in Q2 2026.
IAIS warns AI and geopolitics raise insurer risk
But the overall conditions for the sector in 2026 were described as stable.
Deloitte pegs global insurance protection gap at $183b
Deloitte says tariffs and trade disruption affect auto and home claims and adding pressure to premiums.
Gen AI in insurance to skyrocket 29% through 2030
Early adopters are seeing 20% to 40% reduction in the cost of onboarding customers.
Emerging market remain underinsured as 1.3 billion are outside formal financing
However, medical insurance has the highest uptake across all markets.
This week in insurance: Policybazaar rolls out online home loan cover, Allianz reshapes India presence, HSBC reviews Singapore life business
Sun Life Philippines also named its new CEO and country head.
APAC insurance gap above 80% leaves weather exposure
But cyber incidents remain the top risk for APAC businesses, the report showed.
Compliance screening strains insurers amidst 81% manual fixes
Survey shows mixed or manual processes remain common making automation a top priority.
Financial planning rises as 63% cite uncertainty, Prudential says
Thailand stands out: 70% choose higher-risk investing, and 68% prefer short-term instruments.
Prudential lines up Flint as Vadera exits in 2026
The move follows Shriti Vadera’s planned retirement after six years of service.
Sun Life taps Frankie Leung as Asia chief agency officer
He held senior agency distribution posts at AIA and led digital strategies across the region.
Aon lifts capacity to $2.5b as AI drives complexity
The facility spans construction, all risks, delay in start-up and operational damage coverage.
Howden Re flags Asia, Europe as top loss drivers
28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
Zurich Resilience Solutions names Robin Matthias as global head
Matthias succeeds Dirk De Nil, who is retiring after a 35-year career.
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Speakers from Kasikornbank, KPMG Thailand, Systemweb Technology, and Simon-Kucher will share their insights on the industry’s latest trends and challenges.
Commentary
For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness