risk management
ClearView gains stability with pivot to core life insurance
ClearView gains stability with pivot to core life insurance
Its exit from non-core operations will streamline its focus toward profitability.
Allianz flags rising business exposure to civil unrest risk
APAC recorded nearly 40,000 protests and riots in 2024, highest globally.
Allianz Jingdong aims for profitability boost through refined risk selection
Its investment risk is expected to stay low.
AM Best expects stable earnings from PVI Insurance’s underwriting
Although, investment portfolio carries moderate risk.
Insurers urged to modernise amidst looming talent shortages: Bain & Co.
Life insurers are struggling to stay relevant, especially amongst younger consumers.
Regulators monitor insurers' exposure to alternative assets
Efforts aimed at improving consistency may have immediate effects in private credit market.
Japanese insurers expand overseas amidst domestic slowdown
AM Best forecasts sluggish growth in in-force premiums.
Pacific’s capital strength stable despite reinsurance reliance: AM Best
It’s net underwriting growth is expected to stay elevated in the medium term.
Zhongyuan Agricultural Insurance profits from cost controls: Fitch
It’s capital position is projected to remain resilient over the next 2 to 3 years.
Insurers may cover only 25% to 33% of disaster damages by 2030
Insurers also expect to gain up to 15% revenue rise from AI and tech boost.
1 in 5 HK execs rate financial crime compliance programmes effective
Key challenges include a lack of technology and investment.
Sun Hung Kai Properties Insurance keeps strong underwriting profitability
It also outperformed industry peers, AM Best notes.
Fitch expects Marein to sustain prudent investment practices
It held a 14% market share of Indonesia’s total reinsurance premiums end-2024.
Maybank Ageas core insurance entities expected to remain stable
Fitch notes MAHB’s exposure to Malaysian sovereign investments, but manageable.
Energas Insurance faces performance pressure amidst rising claims frequency
Its underwriting performance improved in the first nine months of 2024.
Specialist Risk Group launches Asia operations with Singapore office
The company plans to apply its UK and Ireland business model to the region.
Australian firms expect financial crime surge in 2025
Only a fourth of firms admitted their programmes are adequately equipped.
Commentary
For Asia’s insurers, boldness is the key to an AI-driven transformation
India’s cyber risk paradox: High attack rates, low insurance preparedness