APAC
Insurance revenue climbs 5.5% YoY in Munich Re's Q1’24
Insurance revenue climbs 5.5% YoY in Munich Re's Q1’24
Man-made major losses rose to $451m, the largest being the bridge collapse in Baltimore.
Travel insurance market set to reach $106.8b by 2032
The region showed the fastest-growing CAGR.
QBE reports 2% YoY growth in Q1’24’s GWP
Premiums declined by 2% in constant currency.
Sun Life's Asia business reports $177m for Q1'24 net income
The region’s sales, however, showed mixed results.
Global M&A rebounds, APAC outshines peers
WTW said this trend was mainly seen in the W&I insurance market.
BMS Re boosts MGA business with six new hires
It said it boosts its ProLink Solutions personnel by 40%.
Manulife’s Asia segment net income down 29% YoY in Q1’24
APE sales in Asia climbed 13% YoY to $950m.
Why are intangible assets more valuable but less insured?
Only 44% of respondents feel prepared for an IP ‘Black Swan’ event, Aon said.
Political risks dawn on the mining sector
Supply chain disruptions can jeopardise project returns.
What are the 10 major risks driving the industry today?
Moody’s CRO presses cyber is the most common risk across sectors and regions.
Pressures mount for less desirable energy insurance placements
Industry experts eye offshore investments as most attractive, yet more expensive.
Allianz Trade backs Prometheus for disability support
The insurer will provide financial support and aid with strategic and visibility matters.
Insurers adapt to EV demands with specialised risk products
EV insurance is estimated to surge $687.62b by 2029.
Proactive dialogue with regulators, embracing tech advancements are key to preemptive compliance – EY's Anita Sun-Young Bong
The EY Partner reiterated that though innovation carries inherent risks, balancing it with risk management through crisis simulation systems ensures sustainable progress.
FWD Names Salvilla chief health officer of new unit
Dr. Salvilla joined FWD back in March 2021.
Firewalls are never enough
Greater connectivity heightens businesses' vulnerability to attacks for financial gain, data theft, or industrial sabotage.
Microinsurance sees $41.4b market potential
71.5% of APAC received insurance for property or loss-of-income.
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1. Hong Kong regulator guts insurance referral fees with 50% cap 2. Can China’s $140b motor insurance market survive a 70% loss ratio? 3. PNB MetLife launches dividend fund linked to insurance 4. Taiwan life insurers face rising risk in $32b FX mismatch 5. India set to outpace China, US in premiums by 2030Resource Center
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
