APAC
McKinsey highlights critical insurance strategies for 2024
Chief risk officers at a roundtable stressed the importance of capital management.
Cyber insurance costs drop amidst improved cyber hygiene
Global cyber insurance to hit $43b by 2030, Howden projects.
APAC mirrors global surge in transactional risk claims
Claims rate has remained stable between 9% and 11% per deal from 2018 to 2023.
Reinsurance market stabilises amid mid-year renewals
Property catastrophe reinsurance rates were generally flat to slightly down.
Synpulse enhances APAC strategy with new insurance head
He will focus on enhancing insurance and banking offerings in the region.
Insurers and private capital firms strengthen ties
Private-capital-backed insurers have gathered nearly $700b in assets through 2023.
Zurich-Aon facility offers comprehensive hydrogen coverage
It also covers carbon capture, utilisation, and storage (CCUS) technologies.
Reinsurance market stable despite the absence of new entrants
Arthur J. Gallagher reports four reasons for the lack of new entrants.
Recent aircraft turbulence spurs insurance implications
WTW tells how recent events could potentially raise the number of insurance claims.
WTW urges APAC banks to consider non-payment insurance
Uncertainties like the Chinese real estate crisis call for effective credit risk management.
International group sets stage for ICS implementation
The IAIS will begin developing an ICS execution evaluation methodology in 2025.
FWD maintains stable VNB margin at 60.2%
Its value of new business (VNB) grew by 21.9% in 2023.
F&B industry underinsured against business interruption
29% said they are covered for property damage from extreme weather only.
What five challenges do companies face transitioning to captives?
Only 5% to 6% of global captives are headquartered in the region.
Climate insurtech seals deal to offer parametric insurance in Asia
Extreme weather events cost global agriculture $10b to $15b annually.
Zurich acquires AIG's travel insurance business
The acquisition is worth $600m.
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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.
