APAC
Why are APAC retirees struggling with unexpected costs?
Why are APAC retirees struggling with unexpected costs?
Over a fifth of respondents had not anticipated their retirement expenses.
HDI Global strengthens leadership with new managing director
Glanz has been serving as risk engineering manager for the APAC.
Beazley reinforces top management with internal promotions
Both appointees’ roles are effective immediately.
Fathom unveils catastrophe model for flood risk
Flooding is responsible for $14b insured losses in 2023.
Insurers to tackle rising chronic disease rates by 2030
Mental health is now seen as a priority across generations.
Global P&C insurance rates stabilise after hikes
Reinsurance rates globally are expected to be flat or slightly lower in 2025.
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.
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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