News
Howden Re cites severe weather, SRCC as major reinsurance losses
Howden Re cites severe weather, SRCC as major reinsurance losses
Challenges in casualty lines include risks from autonomous vehicles.
Zurich partners with Tesla in Australia as it rides EV trend
The Swiss insurer is simplifying coverage to help cut the cost of buying an electric car.
Insurers adapt to serve Hong Kong, Singapore family offices
UHNW and HNW families are expected to reach $5.8t in wealth by 2030.
IRDAI sets 30-day free-look period for policies
Insurers are required to provide a tool on their websites for verifying authorised distribution channels.
Zurich Resilience Solutions Appoints former CSIS officer to cyber role
The role was recently created to boost the companies’ risk services.
Pru Life UK launches fund with access to global tech giants
The fund will allow investors to participate in dollar-denominated equity assets.
Global insurance M&A hits 15-year low in volume
The region’s deal volumes also fell by 20.7% YoY.
Reinsurers hit record $695b capital in June 2024
However, Aon predicts more pricing competition in 2025 for insurers.
Allianz APAC’s H1 2024 busines volume more than doubled
Its life and health business saw new business value surge 34% YoY.
Underwriting profits drive Lloyd's earnings surge of 25.6% YoY
The market’s combined ratio improved to 83.7%.
Asia's cyber insurance market set to triple by 2025
Cost of cybercrime is projected to increase to nearly $24t by 2027.
Texel expands Singapore team with seasoned brokers
Both will report to Angela Chang, managing director.
Asia faces $74t retirement income shortfall
Emerging markets in Asia face a $74 trillion pension savings shortfall.
BMS Group expands with new healthcare role
She brings 27 years of experience.
MSIG, Serenity target gaps in local health coverage
It plans to expand to Indonesia and Vietnam.
Complex insurance processes alienate tech-savvy users
About a third of Asian travellers purchase insurance only days before a trip.
Regulator pushes for mergers in Indonesia amidst premium stagnation
Insurance penetration in Indonesia has declined to 2.64% in 2023.
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AI isn’t replacing insurance, it’s finally making it work