APAC

The CEO said a shift towards a more balanced relationship between insurers and reinsurers, with a clearer division of labour, in terms of the renewal season.

Its gross tonnage (GT) rose to 256 million as of 20 February.

It plans to offer risk transfer services to clients in South Korea, Vietnam, and other parts of APAC.

Its P&C business leads with $1.9b.

An estimated 16% of Asian insurers’ revenues are now derived from embedded insurance.

APE sales rose 15% to $3.3b for the year.

He begins his new role on 1 April.

Earnings per share is $2.62 for the period

P&C and L&H both saw double-digit contractions.

But capital buffers may narrow due to dividend payout and share buyback schemes.

Regional office expenses and other factors resulted in a net loss of $12m.

Whilst AI investments reached 23.93% of the total market, 41% of firms in Asia Pacific cling to outdated tech, hindering efficiency and scalability.

Tan has 25 years worth of experience with employee benefits and life insurance operations.

EBITDA margin stood at 31.9%.

Jayees Ibrahim and Elias Nohra has been added to its Dubai team to enhance operations in Asia, MEA nd Africa.

This is the 25th consecutive quarter composite rates climbed.