APAC
Insured losses to reach $1.08b in CrowdStrike fallout
This is equivalent to about a fifth of the total financial loss of $5.4b.
How modular construction and project cargo insurance are connected
The modular construction market size is estimated at $64b in 2024.
Asian insurance rates suffer in Q2 amidst rising competition
All lines of business witnessed declines during the period.
Global insurers see 6.2% growth in average premiums
China Life Insurance topped its regional peers and was in 5th place globally.
Moody’s advises on cyber policy clarity post-CrowdStrike event
The extent and terms of coverage within individual policies will vary.
CEO on mounting regulatory challenges for APAC insurers
Guy Carpenter’s Tony Gallagher said adopting a multi-faceted approach is key to navigating the ever-evolving IFRS 17 requirements.
Chubb's Q2 2024 net income jumps 24.3% YoY to $2b
The region’s P&C net premiums surged by 33% YoY.
WTW appoints new lead for M&A in APAC, Africa
He has worked as a lawyer at Norton Rose and co-founded Risk Capital Advisors.
CrowdStrike incident unlikely to impact global insurer finances
Industries requiring 24/7 availability will be more affected, especially in APAC.
Cyber insurers examine common tech dependencies after crash
Guy Carpenter will assess the impact on tail risk and the $15.5b industry.
Re/insurers reevaluate policies after CrowdStrike system crash
Aon sees an opportunity to improve the granularity of policy information.
Cyber risk outshines industry threats, surpassing natural disasters
As more firms store data, they become more vulnerable to attacks.
Munich Re's capitalisation exceeds strongest requirements
Munich Re reported a net profit of $5.02b in 2023.
P&C reinsurers post strong Q1 underwriting income
The average combined ratio for the selected reinsurers was 84.2% in Q1.
Marsh McLennan reports 6% YoY revenue rise in Q2 2024
Asia Pacific’s underlying revenue climbed 70% YoY.
Insurance patents for clean energy, carbon capture surge
Patents for clean energy insurance rose from 1,537 in 2014 to 3,004 in 2023.
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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.
