APAC
Insurance third party administrators market to reach $501.93b by 2028
Major trends include blockchain integration and predictive analytics.
Insurance third party administrators market to reach $501.93b by 2028
Major trends include blockchain integration and predictive analytics.
More than a third of consumers warm to AI in insurance claims
Markets like Australia showed the least enthusiasm.
Travel insurance market to grow by $12.07b by 2028
Key drivers include rising consumer disposable income.
Hurricane Milton could add to insurers’ $60b NatCat losses in 2024
Global reinsurers could see their claims payouts rise.
M&G Life commits $250m to expand residential investments in Asia
This brings total real estate exposure in the region to $2.5b.
MSIG Asia taps new VPs to lead transformation and underwriting efforts
One will focus on operational efficiency whilst the other on non-marine business.
Global specialty insurance market to grow by $57b in 2028
Lack of robust IT security infrastructure heightens risks.
Large cyber claims jump 14% as privacy breaches worsen in 2024
Costs could skyrocket from €20,000 to €20m if left unchecked.
Lloyd’s projects $14.5t loss from hypothetical global conflict
The scenario highlights the vulnerability of global trade.
MoneyHero, bolttech new car insurance platform to expand in two markets
MoneyHero’s insurance segment accounts for 7% of total revenue in 2023.
Will low premiums persist in offshore energy insurance?
Neither frequency nor severity of claims significantly impacted market capacity.
Insurance scrutiny intensifies on coal, wildfire risks
However, power Industry business interruption sectors see improved pricing.
New Beazley Quantum targets corporations with over $1b turnover
This initiative injects $100m in fresh capacity into the cyber insurance market.
FWD, Roche partnership targets early diagnostics
The partnership will run for three years.
What opportunities does APAC's millionaires offer insurers?
China is home to 6 million millionaires, second only to the US.
HSBC appoints William Chan as investment head for global insurance
He leads a team of investment specialists in Hong Kong.
Cyber resilience lagging despite budget increases
The average cost of a data breach across respondents stands at $3.3m.
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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.
