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Swiss Re predicts higher claims with peak catastrophe year
Swiss Re predicts higher claims with peak catastrophe year
AI is also set to play a bigger role for underwriting.
How did the P&C insurance market double in size in 20 years?
Swiss Re projects premiums will grow in line with GDP over the next decade.
CGS International expects Prudential to post strong growth by 2027
The insurer targets $3.4b to $4.2b in new business profit by 2027.
Insurers retain catastrophe risk as new capital enters reinsurance sector
Since 2022, about $35b of new capital has entered the sector.
Great Eastern Holdings appoints Khoo Cheng Hoe Andrew to board role
He was previously Deputy Managing Director for Corporate Development at MAS.
Reinsurance capital hits $735b amidst strong earnings
Also, 38% of global catastrophe losses in the first half of 2025 were uninsured.
AIA Group beats OPAT targets as Jefferies sees momentum building
Comes after recording a VONB growth of 18% in 2024 and 33% in 2023.
Macau Insurance maintains strength whilst pursuing Greater Bay Area plans
It aims to build on this momentum with higher premium retention in personal lines.
Howden names Rebecca Poon as chief client officer for Hong Kong
Poon was previously managing director at Marsh Hong Kong.
Japan renewals show property-catastrophe rate cuts of up to 15%
Big Japanese insurers have also built stronger balance sheets due to strong profits.
AM Best says 2024 health reinsurance growth outpaces past decade
Ceded premiums rose more than 30% to $66b, the largest annual increase in 10 years.
Sun Life opens renovated client center in Makati with tech upgrades
It also launched three new business offices.
This week in insurance: bolttech expands, Manulife widens access, Allianz-ShopeePay roll out cover
Hong Kong sets 50% benchmark on referral fees paid by licensed insurance brokers.
Aon projects $5b reinsurance premium from emerging casualty risks
Opportunities for growth exist in legacy liability transfers, parametric solutions, and more.
Malaysia rolls out voucher scheme to boost financial inclusion amongst gig workers
It gives recipients $7.10 (RM30) to buy insurance or takaful products.
SEADRIF delivers $2m payout to Lao PDR for disaster relief
The policy triggers payouts based on the number of people impacted by disasters.
Philippines non-life insurers’ net income grows 3% YoY in H1 2025
Total net premiums written (NPW) stood at $713.3m.
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For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness