APAC
Swiss Re aims for $4.4b profit in 2025
Swiss Re aims for $4.4b profit in 2025
Life & Health Reinsurance (L&H Re) unit aims for a net income of $1.6b.
Asian Gen Z confident in finance skills, lag in insurance awareness
Gen Z is projected to make up at least 25% of the APAC population by 2025.
Sun Life creates new role, appoints Deng to lead Asia operations
He will join the Asia executive team and report directly to Manjit Singh.
HDI Global appoints new heads for Marine, Technical Services
Both appointments are effective 1 January.
Insurtech market set to grow $77b by 2028
However, the high cost of investment remains a key challenge for the industry.
Asian life insurers maintain strong capitalisation
Singapore Life and Muang Thai Life exhibit some financial leverage, unlike others.
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%.
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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.
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For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness