APAC
Cosmetology liability insurance market to grow by 5%
Cosmetology liability insurance market to grow by 5%
The cosmetics and beauty industry has also noted a rise in employment.
How did APAC insurers fare in 2023?
The average premium earned by these companies grew by just 1.3%.
Reinsurers adjust costs, aerospace premiums unaffected
Market has remained competitive, driven by overcapacity and stable demand.
Aviva-COFCO's solvency ratio drops to 240%
ROE averaged 9.7% from 2022 to H1 2024.
HDI Global integrates GenAI for international programmes
HDI is also providing ongoing training to expand its workforce skills in GenAI.
Which three Asian countries ranked riskiest in the world?
Singapore was the lowest-risk country in the region.
Swiss Re forecasts higher demand for reinsurance
Demand for property and specialty reinsurance is rising due to higher property values.
APAC reinsurers see combined ratio improve to 91.6%
Many are also expanding internationally to boost profitability.
S&P warns of strained profitability for insurers due to climate events
Last year was the fourth straight year insured losses surpassed $100b globally.
Tokio Marine Kiln enhances APAC team with new underwriter
She brings over 20 years of marine insurance experience.
APAC insurers increase cybersecurity investments by 48%
Insurance premiums for cyber policies rose by 70% from 2020 to 2022.
Contractor errors and defects fuel offshore wind project losses
This accounted for over 60% of insurance claims in 2022.
BMS reels new Chief Broking Officer
He brings over 30 years of experience in the industry.
Reinsurance capital to rise 9% to $620b in 2024
Risk appetites continued to improve through H1 2024.
Aon's new framework to enhance insurer profitability
It focuses on uniting capital and portfolio strategies ahead of January 2025.
AXA expected to sustain strong financial performance in next 12 months
AXA's capital strength remains solid, with a Solvency II ratio of 227%.
Zurich expands APAC commercial division with two new heads
Both heads will be based in Singapore.
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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.
Commentary
For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness