APAC
Construction insurance market slated for 5.6% CAGR through 2029
Construction insurance market slated for 5.6% CAGR through 2029
The market is seen to bag $10.42b in four years.
Aon strengthens Asia reinsurance leadership with new chairman
Chisholm will oversee the Global Clients Segment for the Asia region.
SME commercial insurance market to hit $155b by 2029
The market was valued at $111.83b in 2024.
Crop weather index insurance market to hit $3.3b by 2029
Growth has been supported by greater climate unpredictability.
Financial management insurance market to grow 7% annually
The market was valued at $5.09b in 2024.
Commercial vehicle insurance market to reach $199b by 2029
The market was valued at $141.52b in 2024.
SBI Holdings acquires over 5% stake in Amar Bank
The investment marks SBI Holdings’ entry into Indonesia’s digital banking sector.
MS Amlin expands APAC reach with three new underwriters
This follows the recent expansion in the region, including its new Australian branch.
Fitch says regulators adopt growth-friendly rules for insurers
Australia is proposing lower capital requirements for insurers.
Asia-Pacific leads global crime insurance growth at 18.6% CAGR
Globally, crime insurance market is expected to grow 13.5% from 2023 to 2032.
Insurance investors boost demand for structured private credit
Rated note feeders have emerged as a key tool for insurers.
Family accident insurance seen hitting $6.7b by 2029
Asia-Pacific is expected to post the fastest growth.
Home insurers grow as premiums top $6.3t
Insured losses from natural disasters are expected to reach $140b to $150b in 2025.
Sompo tests methane insurance as regulations tighten
Satellite monitoring and inspections help firms detect leaks and avoid fines.
Why are businesses willing to pay more for insurance with AI protection?
Demand is strongest amongst the technology and financial sectors.
Zurich Insurance Group outlook steady: AM Best
AM Best also expects Zurich’s financial leverage to remain stable.
Employer’s liability insurance market slated for $45b by 2029
Rising litigation costs for employers have also contributed to the demand.
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AI isn’t replacing insurance, it’s finally making it work