APAC
Moody’s advises on cyber policy clarity post-CrowdStrike event
Moody’s advises on cyber policy clarity post-CrowdStrike event
The extent and terms of coverage within individual policies will vary.
CEO on mounting regulatory challenges for APAC insurers
Guy Carpenter’s Tony Gallagher said adopting a multi-faceted approach is key to navigating the ever-evolving IFRS 17 requirements.
Chubb's Q2 2024 net income jumps 24.3% YoY to $2b
The region’s P&C net premiums surged by 33% YoY.
WTW appoints new lead for M&A in APAC, Africa
He has worked as a lawyer at Norton Rose and co-founded Risk Capital Advisors.
CrowdStrike incident unlikely to impact global insurer finances
Industries requiring 24/7 availability will be more affected, especially in APAC.
Cyber insurers examine common tech dependencies after crash
Guy Carpenter will assess the impact on tail risk and the $15.5b industry.
Re/insurers reevaluate policies after CrowdStrike system crash
Aon sees an opportunity to improve the granularity of policy information.
Cyber risk outshines industry threats, surpassing natural disasters
As more firms store data, they become more vulnerable to attacks.
Munich Re's capitalisation exceeds strongest requirements
Munich Re reported a net profit of $5.02b in 2023.
P&C reinsurers post strong Q1 underwriting income
The average combined ratio for the selected reinsurers was 84.2% in Q1.
Marsh McLennan reports 6% YoY revenue rise in Q2 2024
Asia Pacific’s underlying revenue climbed 70% YoY.
Insurance patents for clean energy, carbon capture surge
Patents for clean energy insurance rose from 1,537 in 2014 to 3,004 in 2023.
Advanced markets to drive half of new insurance premiums by 2034
Advanced APAC is expected to see strong growth in the life sector.
Manulife boosts Asia team with two senior appointments
Both their roles will be effective on 19 August.
Global insured losses hit $58b in H1 2024
Natural catastrophes resulted in over 6,000 fatalities, the lowest since 2020.
QBE Insurance unveils global cyber policy for broader protection
The coverage will be offered in five APAC markets.
Global NatCat drive $61b in insured losses in H1 2024
The region accounted for 6% of the total.
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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