APAC
Insurance sector to capitalise on $54b BESS investment by 2024
Insurance sector to capitalise on $54b BESS investment by 2024
Renewables could generate $237b in premiums by 2035.
Construction insurance sector set for growth with energy, utility projects
Energy and infrastructure projects are expected to climb 7.8% and 5.1%, accordingly.
Howden Re cites severe weather, SRCC as major reinsurance losses
Challenges in casualty lines include risks from autonomous vehicles.
Insurers adapt to serve Hong Kong, Singapore family offices
UHNW and HNW families are expected to reach $5.8t in wealth by 2030.
Global insurance M&A hits 15-year low in volume
The region’s deal volumes also fell by 20.7% YoY.
Reinsurers hit record $695b capital in June 2024
However, Aon predicts more pricing competition in 2025 for insurers.
Allianz APAC’s H1 2024 busines volume more than doubled
Its life and health business saw new business value surge 34% YoY.
Underwriting profits drive Lloyd's earnings surge of 25.6% YoY
The market’s combined ratio improved to 83.7%.
Asia's cyber insurance market set to triple by 2025
Cost of cybercrime is projected to increase to nearly $24t by 2027.
Reinsurance sector to remain profitable through 2025
The sector achieved record profits in 2023 and the first half of 2024, said Fitch Ratings.
Asia faces $74t retirement income shortfall
Emerging markets in Asia face a $74 trillion pension savings shortfall.
BMS Group expands with new healthcare role
She brings 27 years of experience.
MSIG, Serenity target gaps in local health coverage
It plans to expand to Indonesia and Vietnam.
Allianz reels two new senior hires to boost health line
Both have over a decade's worth of experience.
EV and hybrid insurance market to grow by 17% in the next four years
Challenges arise from the high cost of repairing or replacing components.
Climate insurance market set to double by 2030
Insurers are adapting through central hubs or establishing vertical business units.
SMBs boost cyber insurance uptake amid rising threats
67% of ransomware attacks in Q4 2023 affected SMBs with less than 1,000 employees.
Thought Leadership Centre
In Association with
Most Read
1. Nina Ong drives AI and talent upgrades at Great Eastern Life 2. Manulife’s Leah Ng says better governance boosts women’s leadership 3. Singapore shippers face policy cancellations as Iran conflict escalate 4. Better protection for vulnerable groups could boost PH insurer trust: AXA 5. How APAC cyber gap exposes households to fraudResource Center
Read Here
Advertise
Sign Up
Awards
Jul
07
Events
Event News
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