APAC
Great Eastern’s 9M 2024 earnings jump 39% YoY
Great Eastern’s 9M 2024 earnings jump 39% YoY
Total weighted new sales and new business embedded value rose 19% YoY.\
Prudential’s APE sales up 7% to $5b for 9M 2024
Bancassurance sales were up 21% year-to-date.
FWD Group's new business value rises 6% to $623m in 9M 2024
New business sales rose to $1.4b.
Generative AI slashes P&C claim times by 50% – Bain & Co.
It could also decrease loss-adjusting costs by 20% to 25%.
Aon Underwriting Managers names new chief officer
His career includes 12 years with Liberty Specialty Markets.
Tysers appoints new leaders to enhance APAC operations
Both are based in Singapore.
Tokio Marine Kiln appoints new marine leader for APAC
Ampatzis joins TMK from Starr Insurance.
APAC reinsurers poised for growth on the back of sustained demand
Easing premium rates and organic demand will drive growth, said S&P.
Double-digit premium growth lifts AIA to record value of new business in Q3
VONB is $1.16b in Q3, a 16% increase compared to Q2 2024.
Allianz Trade launches sustainability product Surety Green2Green
It insures sustainability-related projects, and premiums received are invested in certified green bonds.
Prudential appoints Patrick van Heerde as chief partnership distribution officer
He was formerly the APAC head of partnerships for HSBC Life.
Empathy can drive life insurance sales
Successful agents know how to step into the shoes of their clients during an appointment.
Property insurance industry to exceed $152b by 2028
China is forecast to lead with 36% in terms of written premiums.
Insurers need cultural overhaul in digital push
Digitalisation seeks to simplify processes, not complicate things.
Unit-linked insurance market to reach $2.3t by 2032
The market is forecasted to reach a CAGR of 10.9%.
2024 insured losses exceed decade average at $108b
Total economic losses for the first three quarters reached ~$280b.
Specialist Risk Group appoints new APAC CEO
He will begin his term early next year.
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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