risk management
Meiji Yasuda expected to sustain performance long-term
Meiji Yasuda expected to sustain performance long-term
Last year, the company’s base profit was at $3.6b.
China's insurers to adjust investment risk controls
Big state insurers will be directed to raise both the size and proportion of their investments.
Singlife’s profits to slowly improve: Fitch Ratings
Its H1 2024 earnings rebounded from a loss in 2023.
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.
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Jul
07
Event News
CEO Phlaphongphanich said the industry is measuring the wrong things.
