risk management
Japanese insurers expand overseas amidst domestic slowdown
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.
KBFG China seen to keep consistent underwriting performance: AM Best
KBFG China’s operating performance is also expected to remain stable.
Chinese insurers may risk AI pitfalls with DeepSeek rollout
Insurers that fail to comply may face penalties.
Financial crime threats to rise in 2025, Kroll report warns
One of the primary drivers is the rapid advancement of AI.
Fubon Insurance seen to record profit rebound with stronger underwriting
Last year the insurer bagged $91m, a rebound from the net loss in 2023.
Warranty and Indemnity insurance in Asia surges, record policy placements
These policies provided over $7.8b in protection limits.
How prepared are Singapore’s SMEs for business interruption?
Only a fifth of businesses claim they have adequate insurance coverage.
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Jul
07
Event News
CEO Phlaphongphanich said the industry is measuring the wrong things.
