insurance
Chubb's Q2 2024 net income jumps 24.3% YoY to $2b
The region’s P&C net premiums surged by 33% YoY.
WTW appoints new lead for M&A in APAC, Africa
He has worked as a lawyer at Norton Rose and co-founded Risk Capital Advisors.
Manulife Hong Kong partners with T. Rowe Price on new income fund
It aims to pay a monthly dividend with the latest annualised yield for Class Ax at 6.89%.
CrowdStrike incident unlikely to impact global insurer finances
Industries requiring 24/7 availability will be more affected, especially in APAC.
Nan Shan holds 12% market share in Taiwan's insurance
The insurer's total capital increased due to narrower unrealised losses in 2023
Allianz’s acquisition won’t have impact on market: Fitch Ratings
This deal will make it the largest property and casualty insurer in Singapore.
Cyber insurers examine common tech dependencies after crash
Guy Carpenter will assess the impact on tail risk and the $15.5b industry.
CHIC's solvency ratio falls below industry average in Q1 2024
CHIC is expected to slow premium growth in 2024.
Korean insurers face volatile investment returns under new IFRS
Stricter K-ICS risk charges prompt portfolio adjustments.
ZAIL's outlook stable, reflects parent Zurich Insurance's status
ZAIL’s capital adequacy remains strong at the 99.99% stress level.
Re/insurers reevaluate policies after CrowdStrike system crash
Aon sees an opportunity to improve the granularity of policy information.
Prudential Financial Advisers aims for 1,000 reps by end of 2024
By the end of 2025, it hopes to see 1,500 representatives.
Cyber risk outshines industry threats, surpassing natural disasters
As more firms store data, they become more vulnerable to attacks.
MAIPARK focuses on earthquake risk, enhances buffers
The Indonesia insurer’s profitability improved in 2023.
First Insurance Limited’s position weakest in peer group
Fitch assesses New Zealand and Australian life insurers in a peer review.
PICC Group's sole overseas entity enhances PICC HK
Last year PICC HK returned to profitability.
Munich Re's capitalisation exceeds strongest requirements
Munich Re reported a net profit of $5.02b in 2023.
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1. bolttech secures $50m venture debt from HSBC, expands market 2. Life insurance premiums forecast to grow by 3% yearly until 2026 3. Prudential launches AI lab in Singapore 4. Manulife enters into $5.4b reinsurance agreement with Reinsurance Group of America 5. APAC emerges as leader in renewables insuranceResource Center
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Humans need to be in insurance’s genAI loop
![Humans need to be in insurance’s genAI loop]()
Insurance
Employees still need to interpret AI-generated data and make decisions to minimise risks.
Employees still need to interpret AI-generated data and make decisions to minimise risks.
