APAC
Price increase to stabilise reinsurance sector through 2022: Moody’s
Uncertainty brought by COVID-19 had started to diminish.
Price increase to stabilise reinsurance sector through 2022: Moody’s
Uncertainty brought by COVID-19 had started to diminish.
Prudential Laos named Domestic Life Insurer of The Year by The Insurance Asia Awards 2021
Prudential Life Assurance Lao Company Limited (“Prudential Laos”) is pleased to be named “Domestic Life Insurer of the Year” by The Insurance Asia Awards 2021. The company was recognised for launching its all-in-one digital health and wellness application Pulse by Prudential (Pulse) to help Lao people take charge of their health and wellness. The prestigious award also applauded the community engagement initiatives rolled out by Prudential Laos in response to the COVID-19 outbreak.
Understanding demand for specialty lines in Asia: the road ahead
The Asian insurance industry has shown strong resilience, despite the economic crisis brought about by the COVID-19 pandemic since the start of 2020. According to a recent Bank of Singapore article, China‘s GDP is expected to grow by 8.7% in 2021 whilst key Asian countries such as Singapore, South Korea, and Taiwan are expected to grow by an average 5%.
Pandemic boosts APAC’s insurance giants 2020 performance: analyst
The top 20 insurance firms reported an aggregated premium of $821.4b.
APAC saw lowest insurance M&A deals since 2011
M&A decreased by as much as 51% in H1 2021.
Asia to lead the charge to insurance industry’s digitalisation
Its less mature commercial insurance market is actually an asset, Concirrus’ executive reveals.
Natural calamities, pandemic push Asian reinsurers’ growth
Climate change and the COVID-19 pandemic presents vast potential for the reinsurers’ to transform.
Guy Carpenter appoints new APAC president
Michael Harden brings with him 45 years of experience in the industry.
Get to know the winners of the 6th Insurance Asia Awards
The awards programme received the most number of nominations this year since its inception.
Insurance companies, pension funds to bring on ‘age of sustainability’ in Asia: analyst
Tapping into the region’s vast savings is required to reach this new age.
Manulife Financial Asia segment stands out in Q2
The Canadian insurer’s Asia segment saw a surge in new business value of up to 48% in Q2.
RGA reports $12m pre-tax income loss in APAC for Q2
India took the biggest chunk in COVID-19 claims for the region.
APAC’s marine, aviation, transit insurance to reach $14.5b by 2025
Japan and China accounted for 60% of MAT premiums in APAC.
APAC MAT written premiums to hit $14.5b in 2025
The sector will grow at a CAGR of 4.4% from 2019 to 2025.
Sompo International forms APAC global risk team
The team will target accounts in the financial institutions, hospitality, and life sciences, amongst others.
AXA XL names chief underwriting officer for APAC, Europe
Marine Ress will be responsible for underwriting strategy for general liability, motor, and environmental insurance.
Insurtech bolttech completes $180m series A funding, hits unicorn status
The investment will accelerate continued growth and its plans to consolidate its position in the United States.
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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.
