APAC
Cyber scams prompt behaviour change in 61% of users
Cyber scams prompt behaviour change in 61% of users
Chubb says insurance can play a key role in digital payments.
Majority of insurers develop own digital platforms
Insurers rather develop their own platform to maintain control over their ecosystems.
CEOs see 3-5 years for AI investment returns
Yet, also over half (57%) of organisations see AI as a vital tech.
APAC holds nearly a fifth of top insurers with 85.8% premium share
The data spans the years 2019 to 2023.
Australia leads APAC in cyber insurance uptake
Demand for cyber insurance in the region is growing at nearly 50% annually.
Credit insurance gains focus amidst liquidity crunch
Japan reduced its days receivable to 42 days, best in the region.
Global equities attract more pension investments
It is expected to continue as larger pension plans diversify their equity strategies.
Prudential ups stake in Nigerian venture
This increases Prudential's ownership from the 51% stake it acquired in 2017.
Global risks could squeeze Asia Insurance's profits
Underwriting profits are expected to narrow over the next two years.
Reinsurance market slated for 6.5% annual growth until 2032
Thanks to reinsurers expanding into new markets.
Interest grows in Asian life insurers' market dynamics
Yet, FX risks loom over Taiwanese life insurers.
Will reinsurers see price increases in 2025?
Nearly a third of respondents predicted price hikes of more than 5%.
Tokio Marine, Marsh launch port disruption insurance
Standalone coverage provides up to $50m in capacity for losses.
Why are few companies opting for AI-specific insurance?
Ransomware and phishing now worry 35% of executives.
Primary insurers bear more risk in new reinsurance climate
NatCat losses in the first half of 2024 were driven by medium-sized events.
Rising property values boost home insurance demand
The market is projected to reach over 7% CAGR.
Insurance, pensions see 6.2% rise amidst market gains
Asia’s household financial assets grew by 7.5%.
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
