APAC
Howden expands footprint in France with acquisition
Howden now employs nearly 400 employees across France.
Swiss Re welcomes new CEO, Mumenthaler steps down after 8 years
His role as CEO will be effective 1 July.
Embedded finance market to double in four years
The industry’s growth is seen to continue at least in the next four years, mainly due to the B2B market.
Property catastrophe reinsurance sees ‘strong’ appetite on higher returns
At $670b, total global reinsurance capital is now close to the 2021 peak levels.
Prudential Financial closes $12.5b reinsurance deal with Somerset Re
The transaction is expected to result in around $450m of proceeds.
Reinsurers adopt risk-on strategy, boost capacity – Gallagher Re
Japanese catastrophe excess of loss programs showed consistent quoting.
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.
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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