Insurance
AXA XL appoints new head of art and expertise for APAC, Europe
He is rejoining AXA XL after more than two years.
AXA XL appoints new head of art and expertise for APAC, Europe
He is rejoining AXA XL after more than two years.
United Overseas Insurance’s profit more than doubles in 9M23
Year-to-date, net earnings reached S$18.3m in September versus the S$8.2m last year.
Outdated systems cause data breaches, dragging the Philippine insurance market’s growth potential
Insurance experts warn of poor systems leading to the disruption of digital adoption, whilst partnership opportunities could boost growth.
How customer centricity can aid the Philippines’ narrow insurance penetration
With less than 3% insurance penetration, insurance experts concur that low financial literacy has eroded potential.
Chubb names new general insurance head of property, APAC & Japan
Ben McGregor will begin working on his new role on 1 December 2023.
Only half of APAC use cyber insurance – Moody’s
About 31% of respondents expressed their intention to acquire additional coverage in 2023.
Business insolvencies witness sharp climb – Allianz Trade
Global insolvency rates are expected to rise significantly by +6% in 2023.
Global insured losses in Q3 surpass the century’s annual average
Economic losses amounted to $295b in the nine months to September.
Marsh McLennan names new Mercer president
In the meantime, Martine Ferland will remain CEO until her retirement next year.
Blue Cross APAC underwriting performance to stay ‘subdued’: S&P Global Ratings
Its combined ratio will stay above 100% through 2025.
Insurance’s role in the transition to a low-carbon global economy
There are three measures insurers can keep in mind whilst moving toward a sustainable future.
Ping An Insurance unveils first mangrove conservation trust
It received an initial donation of RMB10m.
SG’s bolttech partners with Three Sweden for gadget protection
The insurance is underwritten by AIG.
Global cyber insurance market to see 50% growth in next five years: Swiss Re
Swiss Re said no country has fully realised the economic potential of digital technology in the insurance sector.
Liberty Mutual Re names Alex Koh as senior underwriter in Singapore
Koh will be managing and expanding LM Re's existing reinsurance portfolio.
India’s first-year premiums contraction eases in September
The month recorded a 15.5% drop, smaller than the 18.5% in August.
Tonik digital bank enters the insurance market
The partnership with Sun Life Grepa will offer credit life and disability insurance.
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Insurers need cultural overhaul in digital push
![Insurers need cultural overhaul in digital push]()
Digitalisation seeks to simplify processes, not complicate things.
Digitalisation seeks to simplify processes, not complicate things.
