APAC
Sompo appoints Kenneth Reilly as new APAC insurance CEO
Sompo appoints Kenneth Reilly as new APAC insurance CEO
Former CEO Daniel Neo will serve as senior strategic advisor until end-2024.
Insurers to use 40% AI with synthetic data by 2027
18% of businesses are using synthetic data to comply with privacy regulations and enable secure data exchange.
GIC finishes acquisition of majority share in Miller
GIC bought the entire share of Cinven in Miller.
Transactional insurance hits $49b in ‘challenging year’ – Marsh
Marsh said that it experienced its third-busiest year on record.
Asia's protection gap leaves $59b uncovered – Aon
Losses from natural disasters left the region 48% lower than the 21st century average.
Generative AI to boost the insurance sector by $50b
Investing in generative AI could boost revenues by 20% and minimise costs by 15%.
Renewables push faces climate hurdles post-COP28
As the world advances towards net-zero, protecting our renewable assets from extreme climate events is vital.
Lloyd’s sees 11.6% gross written premiums surge in 2023
Its overall profit before tax stood at $13.5b.
Record-breaking Nat Cat causes $108b insured losses in 2023, says Swiss Re
Over the past 30 years, insured losses from Nat Cat have outpaced global economic growth
HDI Global SE’s insurance revenue soars 10% YoY in FY'23
Its Singapore business expanded its product offering through political and credit risk market entry.
Allianz Trade names new regional head of e-commerce in APAC
James Lie first joined Allianz Trade as country manager for Indonesia in 2018.
MSIG Asia’s CEO shares approach to risk management evolution
CEO Clemens Philippi explains why MSIG Asia is sticking with a Japanese-based strategy of thinking long-term and prioritising sustainability.
Pet insurance market to surge 31% in CAGR by 2027
The dog segment is anticipated to witness significant growth.
Tokio Marine beefs up APAC property underwriter team
Jonathan Grossman and Si Min Lim have been chosen in their new roles.
Zurich integrates Blink Parametric in flight-delay solutions
Blink Parametric provides real-time assistance during flight disruptions.
Zurich foreshadows SME sector as a growth potential for embedded insurance
Zurich’s Roopa Malhotra champions embedded insurance, emphasising its contextual nature as a catalyst for customer awareness and adoption.
Directors identify health and safety as emerging top risks: Survey
Climate change remains high on the risk agenda in certain regions, such as Asia.
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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.
