APAC

Commitment issues rise amidst climate risks dampen insurance reliability

Typhoon Koinu alone in 2023 led to over $500m in insurance claims.

Commitment issues rise amidst climate risks dampen insurance reliability

Typhoon Koinu alone in 2023 led to over $500m in insurance claims.

QBE underwriting reforms show promise: S&P Global

QBE to maintain capital redundancy at or above the 99.95% stress level.

Howden Re appoints new client strategy chariman

David Hearn has over 42 years of experience in the industry.

MSIG to stay afloat in the next 2 years: S&P

MSIG HK is unlikely to be sold despite its small capital and earnings contributions. 

HDI Global's Q1 net income rises to $112m

Thanks to inflation-related price changes and new business in property.

Howden inaugurates SME cyber insurance platform

Only one in 10 SMEs invest in cyber insurance.

Global R&W insurance claims rise despite M&A slowdown

The competitive landscape in 2023 favoured insured parties more.

Kairos appoints tech veteran Siregar as new CTO

Andre Siregar will work hand-in-hand with Albert Lim and Stephen Lee.

Savings products to drive global premiyums to $4t by 2034

Swiss Re Insitute says this is all thanks to escalating interest rates.

How Grandtag secures the bag for Asia’s richest

Grandtag Financial’s regional CEO spills how ‘jumbo life insurance’ attracts UHNWIs in Asia.

QBE Asia stresses stronger insurer ties for marine sector

China, Japan, and SG comprised 70% of the GVA  in the region’s marine sector.

Marsh cites three major shortcomings in current insurance strategies

The firm calls for proactive steps toward partnership.

What risks do select APAC markets fear most this year?

Global Insurance Law Connect unveiled four common risks the world is facing.

Global insurance market to see fastest growth in 18 years

The industry bagged $1.2t in premium income in the past three years.

Swiss Re Institute report predicts AI impact on health industry

Insurers are advised to take advantage of this to expand cyber risk offerings.

6 in 10 APAC firms fear political risk this year

However, this consensus was smaller than the previous year’s 67%.

Canopius names new group chairman

Watson will step down whilst Haste will start his role in July.