APAC
Lloyd’s, UNCDF champion parametric insurance for climate-vulnerable regions
Lloyd’s, UNCDF champion parametric insurance for climate-vulnerable regions
The partnership plans to replicate the model in other regions, including Asia.
Generali achieves a 5.6% growth in gross written premium for FY2023
The company’s operating result also grew 7.9%.
Gallagher Re reels new head of cyber for APAC
Sie Liang Lau holds more than two decades of experience in the industry.
AIA achieves five-pillar ESG strategy in 2023
The company was able to invest in ESG bonds, worth $6.3b.
FWD Group sees 22% YoY surge in new business value for 2023
Operating profit surged 27% YoY to $372m.
Swiss Re board proposes 6% dividend increase
Backed by a sturdy capital position, Swiss Re's board advocates for a 6% dividend raise, amounting to $6.80 per share.
AIA records double-digit profit growth in 2023
Mainland China, Hong Kong, ASEAN (except Vietnam and India) also registered double-digit growth.
S'poreans find wealth does not equate to financial resilience: Survey
Lower-income respondents (60%) better at covering short-term financial obligations than high-income counterparts (52%).
NorthStandard forges partnership with AI platform for safer marine navigation
The global marine insurer will include the AI-based solution in its digital resources.
MS Amlin rebounds in 2023
The (re)insurer registered a net loss of $60m in 2022.
APAC segment leads Canopius' premium growth with 35% increase
Canopius' APAC segment saw its contract written premiums reach $295m.
Munich Re HealthTech taps Bilal Ramadan as CEO
Ramadan succeeds Gerry Raftopoulos, who served the HealthTech arm for 28 years.
Global cyber insurance market to skyrocket by $42.81b by 2027
Surge in cyber-attacks prompts increased demand for cyber insurance to safeguard against financial and reputational risks.
GenAI Set to heighten cyber risks, Lloyd’s warns
The impact on the cyber threat landscape has been limited so far due to safety mechanisms.
HDI Global makes board changes
David Hullin, a member of the board, overseas ASEAN affairs.
Aon adopts AI-drive platform to amplify risk and business strategies
It plans to offer personalised data-driven insights at the portfolio, fleet, and driver levels.
Region takes lead in usage-based insurance, market to expand 26.2% CAGR
Globally, the market should see $267.4b by 2032.
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
