APAC
Global insurance market to see fastest growth in 18 years
Global insurance market to see fastest growth in 18 years
The industry bagged $1.2t in premium income in the past three years.
Swiss Re Institute report predicts AI impact on health industry
Insurers are advised to take advantage of this to expand cyber risk offerings.
6 in 10 APAC firms fear political risk this year
However, this consensus was smaller than the previous year’s 67%.
Canopius names new group chairman
Watson will step down whilst Haste will start his role in July.
SG-based Income Insurance eyes APAC expansion: Report
Discussions are still in the early stages and may not result in a transaction.
Allianz APAC posts 13% revenue rise in Q1'24
The region also saw significant growth in volume in its P&C business.
Allianz Commercial pegs SEA as global hotspot for maritime losses in 2023
This region saw over 184 total losses in the past decade.
Forrester unveils guide to combat 78% breach rate amongst firms
Recently, the cyber insurance market has seen rising premiums.
Pet insurance market set to reach $40.2b by 2033
In the region, China and India have the largest pet population.
Generali’s GWP surges 21.4% YoY in Q1’24
This growth was driven by both its life and P&C businesses.
Usage-based insurance to propel with a CAGR of 27.6% by 2030
The market is projected to reach $64.29b
Groke calls for strong implementation of ship situational awareness systems
17% of marine insurance claims from 2017 to 2021 were due to collisions, foundering, or sinking.
Corebidge acquisition could catapult Nippoin Life’s profitability
Fitch projects an increase in consolidated core profit by ~$580m.
MS Reinsurance rebounds in FY’23 amidst favourable conditions
Gross written premiums increased by 34%.
AXA XL names Riha for Key role in Europe, Asia
She will be relocated from Singapore to Dublin.
SCOR logs $191.45m in Q1'24 driven by robust P&C segment
Business segments had mixed results during the period.
AIG sells 20% stake in Corebridge to Nippon Life
AIG will keep its 9.9% share in Corebridge for two years.
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AI isn’t replacing insurance, it’s finally making it work