APAC

The top five markets contributing to IFRS operating profit were Hong Kong, Singapore, Vietnam, Malaysia, and mainland China.

Insured losses in the year alone have surpassed $100b, driven by thunderstorms.

Generative AI and the expansion of fintech brands into the insurance sector are predicted to propel the industry’s advancement to new heights.

Diversified investments, consolidation, new tech, and emerging regulations drove this sentiment upward.

The main impact of inflation on insurers' balance sheets is likely to be an increase in claims costs.

An estimated retirement savings gap of $106t exists across government-provided, employer-based, and individual pension savings in eight major economies in 2022.

In his keynote speech at COP28, the CEO and founder emphasised the potential of loss and damage fund.

Repricing risks, using quality data, and seeking alternative solutions are fundamental steps for insurers.

Richard Sega, Global Chief Investment Strategist at Conning emphasised that effective risk management is key.

Josh Roach will be the merged entity’s president in January.

Its SST ratio is perceived to be unaffected by the shift to IFRS.

He was previously COO of the North America segment.

Patrick Wei will be in charge of Asia’s distribution strategy, collaborating with distribution leaders across the region.

Reinsurers must navigate a high inflationary environment.

P&C insurtech investment mainly pushed the quarter’s growth.

The region’s 2023 prediction is smaller than the global average of 10.7%