APAC
Asians spend 30 times less on insurance than Americans
Asians spend 30 times less on insurance than Americans
Despite major markets like China and Japan, per capita spending remains modest.
Sun Life gets new CRO for Asia
He joins from FWD Group.
Insufficient insurance amplifies banks' climate risk
The lack of coverage raises silent risks in the banking industry, Aon said.
Reinsurers meet cost of capital for first time in four years
The industry's weighted average cost of capital rose to 8.12% in 2023.
Pet insurance market slated for 8.1% CAGR by 2032
Several insurance companies now offer multi-pet insurance policies.
Swiss Re targets over $3.6b FY24 net income, bags $2.1b in H1
EPS for the period was $6.97.
AIA’s net profit surges 47.2% YoY in H1 2024
EPS stood at $0.30.
WTW lists 5 benefits of parametric insurance in energy sector
Regular payouts often take 15 to 30 days, but parametric can expedite this long-wait.
SCOR merges APAC Life & Health units under new leadership
Dion Russell left SCOR to pursue other opportunities.
Extortion cyber attacks rank financial services as 4th most targeted
Australia and New Zealand more vulnerable compared to firms in Europe or North America.
Aviva Investors appoints new APAC solutions sales head
He has over two decades of experience in the insurance investment industry.
CrowdStrike meltdown may shore up cyber insurance premiums
Insurers are refining their policies after the global tech outage to better manage risks.
Cyber insurance market set to reach $121b by 2032
APAC is expected to experience significant growth due to rising ransom attacks.
Heightened geopolitical risks in Asia and the Middle East keep global firms on edge
Businesses are turning to credit insurance to navigate risks and safeguard their financial stability.
De-risking drives reinsurance market stability
Current claims activity is increasingly influenced by medium-sized events.
Canopius profits surge 53% in H1 2024
Insurance contract written premiums also climbed 23% YoY.
Coface’s H1 2024 net income climbs 10% YoY
This was equivalent to $156.5m in earnings for the period.
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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