APAC
Zurich APAC’s GWP jumps 9% YoY, group profit surges 21% YoY
Its life business in the region saw double-digit growth.
Zurich APAC’s GWP jumps 9% YoY, group profit surges 21% YoY
Its life business in the region saw double-digit growth.
How bancassurance can overcome data sharing challenges
A varied regulatory environment remains a consistent challenge for data sharing.
AXA net income climbs 6% YoY in H1 2024
Thanks to higher underlying earnings and net realised capital gains.
Guy Carpenter estimates CrowdStrike outage loss ~$1b
A malicious attack on a widely used operating system could birth $2b in losses.
Manulife Asia’s profit quadruples, Hong Kong segment doubles core earnings
The group’s NBV margin improved by 3.4 percentage points.
Global insured NatCat losses hit $60b in H1 2024
The US alone experienced 12 severe storms in H1.
Howden Re boosts cyber reinsurance with new appointment
The company forecasts the cyber insurance market to reach $40b by 2030.
Miller expands Asian team, appoints Edward Cheak
He brings over a decade of experience.
Top APAC insurers see market cap growth of Q2 2024
China Life Insurance led with a 9% growth during the period.
Swiss Re reels Alan Wilson as board of directors
He was MSIG Asia's CEO for 14 years.
AXA sells investment arm to BNP Paribas for $6b
The sale is expected to drag AXA’s earnings by $440m.
Markel Asia grows with key underwriting appointments
Alvernia Xu has been appointed head of Operations in APAC.
Typhoon Gaemi causes multi-million dollar losses in Asia
Economic losses range from $220m to $245m.
Asia Pacific composite insurers exceed profitability standards
Their Fitch-calculated financial leverage ratios stay adequate with their ratings.
Aviation insurance to soar at a 20-year high in 2024
Collision and crash incidents account for 63% of claims in aviation insurance sector.
Insurtech funding in Q2 2024 highest in five quarters
Global funding bagged $1.27b.
Only a fifth of Asia, Africa’s natural disaster losses insured in H1 2024
Total losses from natural disasters amounted to $40b.
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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.
