Staff Reporter
Reinsurance strength helps CTPI HK absorb major fire losses
Reinsurance strength helps CTPI HK absorb major fire losses
AM Best projects that CTPI HK’s capital position will remain solid.
Sollers says insurers to speed cloud adoption in 2026
Japan and parts of Europe are taking a more cautious approach in terms of adoption.
Why APAC insurers average 35% of assets with external managers
Allocations range from 24% to 45% across firms managing a combined $2.6t.
This week in insurance: Malaysia sees CEO shake-ups, AI set to reshape operations, HK underwriting hit by new losses
Meanwhile, demand for remote work in Singapore’s insurance sector increased 15.3%.
Swiss Re appoints Nicole Pieterse as next chief people officer
She has held senior HR roles across the financial services industry.
S&P says rapid expansion could weaken Prudential outlook
Prudential will likely keep a strong capital buffer and steady profit growth.
bolttech buys 2019-founded mTek to boost embedded insurance
The platform works with major insurers including GA Insurance, Sanlam, and Britam.
Income Insurance cuts data investigation time from hours to minutes
It will also improve overall productivity.
Will AI copilots replace legacy insurance systems by 2026?
Data shows executives trust generative AI at twice the rate of machine learning.
Storm and fire losses deepen pressure on Hong Kong P&C earnings
The incident will add to diluted earnings but is unlikely to threaten overall solvency.
Social media lawsuits surge, lifting insurers’ liability exposure
Insurers may need to revisit policy wording and tighten risk selection.
Australia’s life insurance market set to hit $19.8b by 2029
Medical inflation remains one of the biggest drivers of rising claims costs.
Soaring insurance costs signal pressure on 2026 premiums in Singapore
Healthcare inflation rose to 4.0% year on year, up from 1.4% in September.
Remote job demand in Singapore insurance rises 15.3%
However, the overall job postings growth was offset by declines from the insurance sector.
Only 27% of next gen willing to lead family firms, legacy planning lags
The lack of structured succession planning leaves many businesses exposed.
Will regulatory shifts shape NZ non-life insurers’ outlook?
New regulatory requirements continue to raise costs for insurers.
Labuan Re cuts processing time and boosts system performance
The new platform cut batch job processing times by up to 80%.
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AI isn’t replacing insurance, it’s finally making it work