APAC
Property insurance industry to exceed $152b by 2028
China is forecast to lead with 36% in terms of written premiums.
Property insurance industry to exceed $152b by 2028
China is forecast to lead with 36% in terms of written premiums.
Insurers need cultural overhaul in digital push
Digitalisation seeks to simplify processes, not complicate things.
Unit-linked insurance market to reach $2.3t by 2032
The market is forecasted to reach a CAGR of 10.9%.
2024 insured losses exceed decade average at $108b
Total economic losses for the first three quarters reached ~$280b.
Specialist Risk Group appoints new APAC CEO
He will begin his term early next year.
Allianz Trade reels in new ASEAN commercial director
His role begins on 21 October.
Insurers are increasing investments in generative AI by 300%
Half of CEOs view AI as an opportunity, whilst the other half see it as a risk.
Miller gets new chief operating officer
She brings over three decades of experience.
Sompo welcomes new COO for APAC
She will be based in Singapore.
B2B2C insurance sees 9.6% annual growth forecast
The market generated $4.28b in 2022.
Insurers rank regulatory changes, geopolitics as top risks
APAC insurers anticipate high inflation and strong economic resilience.
APAC reinsurance market sees stable pricing in 2024
Although, extreme weather and NatCats could disrupt current pricing stability.
Asia’s business insolvencies to rise by 3% in 2024
If excluding China, it could rise by 8%.
Renewable energy insurance market to hit $23b by 2028
The market will reach $18b in 2024.
Only 28% of APAC insurers prepared for AI shift
Half of insurers attribute poor customer experience to limited technology adoption.
APAC insurers trim equity risks, increase capital efficiency: Moody's
APAC P&C insurers face different risks compared to their US counterparts.
Milton’s $50b losses won't impact rated insurers: Fitch Ratings
This will bring 2024’s total global insured losses to over $100b.
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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.
