APAC
Allianz Commercial pegs SEA as global hotspot for maritime losses in 2023
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.
China strengthens reserves for critical illness policies
Jefferies says looming concerns could dampen profitability.
Swiss Re realigns business units after Ojeisekhoba’s departure
Ivan Gonzalez will soon be CEO of Corporate Solutions.
Zurich Insurance P&C revenue up 12% in Q1’24
Farmers Management Services (FMS) achieved a 6% growth.
Swiss Re posts $1.1b net income in Q1’24
Insurance revenue reached $11.5b.
Claims management key to insurance profitability – KPMG
Traditional claims functions must now evolve to incorporate advanced technologies.
MS Reinsurance boosts board of directors with new appointments
Fukuda and Ellenbürger’s roles are effective 24 April.
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Speakers from Kasikornbank, KPMG Thailand, Systemweb Technology, and Simon-Kucher will share their insights on the industry’s latest trends and challenges.
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