APAC
Flood risks, infrastructure concerns increase globally
Flood risks, infrastructure concerns increase globally
Japan and Taiwan’s notable earthquakes prompted better seismic risk assessments.
Insurance sector sees 25% decline in cyber attacks in Q2 2024
Across all industries, the region experienced a 23% rise in attacks.
Minimum benefit standards are the new normal: Aon
Life insurance is now a minimum benefit that businesses offer.
Airline insurers enjoy favourable Q2, thanks to capacity
Notable incidents in Q2 2024 were Korean Air and Singapore Airlines.
Tokio Marine Kiln unveils political risk coverage with Kita
This makes the insurer amongst the first to offer this type of policy on the Lloyd’s market.
FWD Group maintains MDRT top 10 streak
FWD Group now has 2,089 MDRT members.
Sompo appoints new consumer lines leader for APAC
He has an 18-year experience in the industry.
APAC leads in automotive usage-based insurance market growth
The global market, valued at $58b in 2023, is set to expand to $249b by 2032.
Chubb reels in new APAC lead, other leadership
He will be relocating from Miami to Singapore.
Insurance software market to climb 7.8% CAGR by 2028
Australia’s heightened rules pose challenges to insurer requirements.
+8 Partners welcomes new advisor for financial strategy
He brings over 20 years of int’l and corporate finance experience.
Expert debunks misconceptions impacting cyber insurance investment
A Forrester report found that only a quarter of firms possess standalone policies.
Business email compromise is often overlooked cyber threat: Guy Carpenter
The past five years saw 550 email compromises, affecting clients.
Peak Reinsurance wins big at Insurance Asia Awards 2024
Securing the Asian Reinsurer of the Year - Gold and CEO of the Year, Peak Re highlights its innovative approach and robust performance in a challenging year.
Data-driven insights key to insurers' decision-making
5%-10% of tech leaders in small groups benefit from data and tech investments.
Solarelle Insurance claims top spot amongst Maldivian insurers at Insurance Asia Awards 2024
It has held a commendable 21% market share as of the end of 2023.
Insurance sector shows resilience against liquidity risks
Thanks to regulators focusing their shift on liquidity risk management.
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