risk management
Malaysian Re’s expansion into non-traditional segments to drive growth
Malaysian Re’s expansion into non-traditional segments to drive growth
The company’s operating performance was seen as “adequate”.
South Korea increases foreign exchange insurance to KRW1.4t
The government will provide $248b in policy financing to exporting companies.
AI will enhance risk assessments: FM
The insurer also shared 8 risks businesses should be aware of.
8 in 10 insurers plan to increase tech investment this year
36% of insurers prioritise AI and machine learning.
APAC's insured only 5.4% of $74b disaster losses: Aon
APAC was also the second-largest region in terms of economic losses.
Only 9.1% of Asia's economic losses insured in 2024
The five-year average for insured losses was $11b.
52% of experts bleak about future amidst misinformation, weather risks
In the long-term, experts grow worrisome about environmental risks.
India’s general sector premiums seen to rise in the medium term
The sector has also benefitted from favourable investment conditions.
Taiwan Life earnings ‘volatile’ from interest-sensitive products reliance
The company has a 6% share of premium income as of 2023.
Global insured losses peak third highest since 1980
Not even half of the total losses were insured.
Insurance operations complicated by foreign investment decline
The decline is mainly due to geopolitical tensions, COVID-19, and Russia-Ukraine war.
ANZ firms boost cybersecurity budgets despite layoffs
Cost pressures have led 25% of organisations to reduce IT and security staff.
Sunshine Life's bancassurance channel fuels profitability
Fitch anticipates the group will continue to prioritise equity investments.
Reinsurers focus on cybersecurity, pandemic risks
Roland Berger said reinsurers must continuously refine pricing, underwriting, and claims.
Allianz reveals top business risks for 2025
Natural catastrophes held the third spot in Asia.
South China Insurance maintained stability, robust capital in 2024
Its adjusted capital and surplus rose by 23% to $277m.
FM Global stresses insurance readiness amidst extreme weather in Asia
La Niña could emerge weakly in late 2024 and early 2025.
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1. Hong Kong regulator guts insurance referral fees with 50% cap 2. Can China’s $140b motor insurance market survive a 70% loss ratio? 3. PNB MetLife launches dividend fund linked to insurance 4. Taiwan life insurers face rising risk in $32b FX mismatch 5. India set to outpace China, US in premiums by 2030Resource Center
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28 March left over 5,300 dead yet coverage was negligible in Myanmar due to under 5% uptake.
