APAC
This week in insurance: New health and cyber products launch, Japan solvency remains strong, AI focus intensifies
This week in insurance: New health and cyber products launch, Japan solvency remains strong, AI focus intensifies
Reinsurance renewals at 1 April continued the softening trend.
Pet insurance market on the road to $27b market value by 2032
APAC accounted for 11% of the global market in 2024.
Insurance gaps expose business travellers to $150,000 risks
Zurich said 53% faced incidents abroad with medical cases driving most assistance claims.
Insurtech investors drop to lowest since 2017 as funding tightens
Seven firms from the 2025 raised a combined $298m after October showing selective funding.
AI can cut insurer costs 20% but adoption lags across sector
Firms using the technology can also lift premiums by around 3% to 5%.
Cyber insurance trails as only 10% of SMEs buy cover
Amongst the worst attacks, average losses in the top 10% of events topped $28m in 2024.
APAC disaster risks push parametric market to $23b this year
Regional vulnerability to hurricanes and earthquakes accelerates fastest global growth rates.
How can M&A offset slower insurance growth?
Scale and operational strength are becoming table stakes.
Why AI data centres outpace insurance capacity as site costs hit $20b
Reinsurance markets fail to match surging multi-billion dollar construction limits.
Why 47% of insurers see competition forcing finance change
Regulatory shifts, consumer demands and expansion plans also ranked amongst the top pressures.
Liberty folds APAC units into 1 licensed entity
Singapore, Hong Kong, Malaysia, and China now sit under merged underwriting structures.
Severe storms drive $60b in insured catastrophe losses
Hail events dominate payouts, accounting for up to 80% of related claims.
EY’s Vanessa Lou: Successful insurers balance regional strategic discipline, deep local insight
She examines technological changes affecting actuarial work and emerging trends that are currently shaping the insurance industry.
Pet insurance seen hitting $24b on 18% CAGR
Within services the segment is expected to represent about 0.09% of the total market.
Commercial insurance premiums to reach $1.4t in 2025
Reinsurance capital hit $760b, increasing competition across the sector.
Reinsurers reprice risk as Hormuz disruption hits oil flows
The waterway carries about 20% of global crude supply and a large share of LNG shipments.
Affluent Asians leave $5.7b unprotected despite planning intent
Three-fifths of wealthy respondents still have no formal legacy structure in place.
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1. Insurance capital shifts as 60% of investors expand 2. Income Insurance names DBS veteran Lim Sim Seng as chairman 3. India life premium jumps 39.1% in April 2026 as group business surges 4. Aditya Birla Sun Life launches Anmol Akshaya 5. Income Insurance shareholders gain exit route via AltaXResource Center
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Claims delays reshape customer loyalty patterns in Indonesia insurance sector.
