-
Trade war fears ignite as Trump sweeps into the White House
Even if heavy tariffs are not swiftly imposed, the threat of them is likely to make Chinese-US relations a lot more uncertain in the coming years and could hamper China’s economic recovery even further.
-
-
Liberty Specialty Markets’ Alison Campbell joins Berkley Insurance Australia as underwriter
In her new role, Brisbane-based Campbell will write general liability and financial lines of business for the carrier.
Liberty Specialty Markets’ Alison Campbell joins Berkley Insurance Australia as underwriter
In her new role, Brisbane-based Campbell will write general liability and financial lines of business for the carrier.
In her new role, Brisbane-based Campbell will write general liability and financial lines of business for the carrier.
-
Australia’s NIBA appoints Phil Khoury as independent reviewer for the insurance brokers code of practice
NIBA reviews the code in consultation with stakeholders every three years to ensure it remains relevant and effective.
Australia’s NIBA appoints Phil Khoury as independent reviewer for the insurance brokers code of practice
NIBA reviews the code in consultation with stakeholders every three years to ensure it remains relevant and effective.
NIBA reviews the code in consultation with stakeholders every three years to ensure it remains relevant and effective.
-
Charles Taylor announces 20% increase in Malaysia workforce, additional branch network plans
The loss adjustor aims to strengthen its offering in property, liability, construction and engineering, and motor lines across the Malaysia branch network with offices in Penang, Perak, Pahang, Melaka, Johor, Sabah and Sarawak.
Charles Taylor announces 20% increase in Malaysia workforce, additional branch network plans
The loss adjustor aims to strengthen its offering in property, liability, construction and engineering, and motor lines across the Malaysia branch network with offices in Penang, Perak, Pahang, Melaka, Johor, Sabah and Sarawak.
The loss adjustor aims to strengthen its offering in property, liability, construction and engineering, and motor lines across the Malaysia branch network with offices in Penang, Perak, Pahang, Melaka, Johor, Sabah and Sarawak.
-
China Re Asia Pacific CEO Richard Lim set to retire
Singapore-based Lim has worked at the reinsurer for the past nine years. This year's Singapore International Reinsurance Conference will mark Lim's final involvement as part of the organising team.
China Re Asia Pacific CEO Richard Lim set to retire
Singapore-based Lim has worked at the reinsurer for the past nine years. This year's Singapore International Reinsurance Conference will mark Lim's final involvement as part of the organising team.
Singapore-based Lim has worked at the reinsurer for the past nine years. This year's Singapore International Reinsurance Conference will mark Lim's final involvement as part of the organising team.
-
New Zealand central bank warns of premium hikes for high-risk properties: reports
For vulnerable properties, flood risk premiums are becoming more common as the trend towards risk-based pricing continues, RBNZ noted.
New Zealand central bank warns of premium hikes for high-risk properties: reports
For vulnerable properties, flood risk premiums are becoming more common as the trend towards risk-based pricing continues, RBNZ noted.
For vulnerable properties, flood risk premiums are becoming more common as the trend towards risk-based pricing continues, RBNZ noted.
-
Queensland and NSW most vulnerable going forward for natural disasters: CGU Insurance
Currently there are 1.2 million properties at risk of flooding in Australia, while 230,000 properties face a 1-in-20 risk of flooding each year, the insurer said.
Queensland and NSW most vulnerable going forward for natural disasters: CGU Insurance
Currently there are 1.2 million properties at risk of flooding in Australia, while 230,000 properties face a 1-in-20 risk of flooding each year, the insurer said.
Currently there are 1.2 million properties at risk of flooding in Australia, while 230,000 properties face a 1-in-20 risk of flooding each year, the insurer said.
-
Hallmark Insurance’s parent St Andrew’s Australia Services get APRA nod as holding company
The registration allows the firm to oversee one APRA-authorised life insurer and one general insurer under the regulatory framework.
Hallmark Insurance’s parent St Andrew’s Australia Services get APRA nod as holding company
The registration allows the firm to oversee one APRA-authorised life insurer and one general insurer under the regulatory framework.
The registration allows the firm to oversee one APRA-authorised life insurer and one general insurer under the regulatory framework.
-
Price Forbes Singapore appoints Jennifer Gray as director of professional risks and healthcare
Gray will focus on managing and expanding the broker's regional portfolio, leveraging her experience to drive growth through both domestic and international markets, and will be reporting to APAC CEO Philip Johnson.
Price Forbes Singapore appoints Jennifer Gray as director of professional risks and healthcare
Gray will focus on managing and expanding the broker's regional portfolio, leveraging her experience to drive growth through both domestic and international markets, and will be reporting to APAC CEO Philip Johnson.
Gray will focus on managing and expanding the broker's regional portfolio, leveraging her experience to drive growth through both domestic and international markets, and will be reporting to APAC CEO Philip Johnson.
-
Liberty Mutual names APAC head of claims for international insurance business amid regional leadership reshuffle
The carrier has expanded its recently formed commercial and specialty (re)insurance team with the appointment of Robert Mercer, who is succeeding Carlos Alberto Martinez who will retire by the end of the year.
Liberty Mutual names APAC head of claims for international insurance business amid regional leadership reshuffle
The carrier has expanded its recently formed commercial and specialty (re)insurance team with the appointment of Robert Mercer, who is succeeding Carlos Alberto Martinez who will retire by the end of the year.
The carrier has expanded its recently formed commercial and specialty (re)insurance team with the appointment of Robert Mercer, who is succeeding Carlos Alberto Martinez who will retire by the end of the year.
-
Axa XL bolsters Asia fine art & specie team with a senior hire
Hong Kong-based Rhiannon Alban-Davies joins the specialty carrier as regional head of fine art & specie.
Axa XL bolsters Asia fine art & specie team with a senior hire
Hong Kong-based Rhiannon Alban-Davies joins the specialty carrier as regional head of fine art & specie.
Hong Kong-based Rhiannon Alban-Davies joins the specialty carrier as regional head of fine art & specie.
-
Nawaz Imam joins Blackpanda as chief financial officer
Imam has over 18 years in investment banking, asset management and technology experience.
Nawaz Imam joins Blackpanda as chief financial officer
Imam has over 18 years in investment banking, asset management and technology experience.
Imam has over 18 years in investment banking, asset management and technology experience.
-
Arch Indemnity could see underwriting results moderate as claims set to pick up: Fitch
The rating agency has assigned an 'A+' (strong) rating with a stable outlook to the carrier due to its moderate company profile, very strong capitalisation, financial performance and earnings, and support from the parent Arch Capital Group.
Arch Indemnity could see underwriting results moderate as claims set to pick up: Fitch
The rating agency has assigned an 'A+' (strong) rating with a stable outlook to the carrier due to its moderate company profile, very strong capitalisation, financial performance and earnings, and support from the parent Arch Capital Group.
The rating agency has assigned an 'A+' (strong) rating with a stable outlook to the carrier due to its moderate company profile, very strong capitalisation, financial performance and earnings, and support from the parent Arch Capital Group.
-
Dubai emerges as a key player in the growing APAC (re)insurance market
While Singapore remains a formidable player in the global insurance market, its limited proximity to MENA markets may hinder its growth compared to the emirate.
-
APAC cyber uptake still low despite softer pricing, ample capacity
While carriers are developing a better understanding of cyber risk, there is a need for further education to address the protection gap, especially in emerging markets.
-
Claims complexity, fraud and lack of quality data key challenges for regional health insurers
Reinsurers' deep actuarial expertise and access to large data sets can help P&C carriers refine risk assessment and pricing strategies, says Peak Re’s Jasmine Miow.
-
AI and quantum computing risks call for comprehensive frameworks in APAC
Experts at the APAC Cyber Risk & Insurance Summit 2024 by InsuranceAsia News discussed the complex cybersecurity landscape, key risks, and strategies to manage evolving threats.
Spotlight
-
Expanding into non-ILS capital pools is a priority: MS Amlin
-
Steadfast on track to complete US$200m in acquisitions in FY 2025
-
Specialty growth, Australia, Dubai operations fire up Markel’s APAC growth
-
India and Korea bright spots in FM’s regional play
-
Tokio Marine-backed ICEYE plans continued rollout across Asia as demand for satellite risk data continues
M&A
-
Steadfast on track to complete US$200m in acquisitions in FY 2025
-
QBE closes US$1.6bn LPT deal with RiverStone International and Enstar
-
AUB Group to focus on building out its UK retail capabilities in FY 2025
-
Lockton expands in India with Arihant acquisition
-
Allianz opens talks with India’s Reliance to launch insurance JVs: report
ESG
-
Opinion: Risks from rising ESG regulations looming threat for businesses
-
Opinion: Are we finally transitioning to a new era for energy risks?
-
APAC insurers take to climate transition, private market investment strategies
-
Tokio Marine achieves carbon neutrality in FY2023
-
Opinion: What has happened to the ESG agenda?
-
Dubai emerges as a key player in the growing APAC (re)insurance market
While Singapore remains a formidable player in the global insurance market, its limited proximity to MENA markets may hinder its growth compared to the emirate.
-
APAC cyber uptake still low despite softer pricing, ample capacity
While carriers are developing a better understanding of cyber risk, there is a need for further education to address the protection gap, especially in emerging markets.
-
Reinsurers are again looking for growth, but stability is key: Mapfre Re’s Sanchez Cea
The reinsurer expects the market to maintain discipline in underwriting and risk selection despite the increasingly competitive market.
-
Rate erosion in non-property classes likely over increased competition: Markel
Pent-up interest across some new markets for access to business in Asia Pacific likely to dominate and drive longer-term growth, says Markel’s Kevin Leung.
-
‘Bright future’ for structured solutions in APAC as awareness grows: Guy Carpenter
Bridging the gap between risk appetites of cedents and reinsurers is a key theme for the market, says Guy Carpenter’s Hussain Ahmad.
-
Upcoming renewals should ‘maintain balance’: Munich Re
Hit by cat events, South-East Asian renewals will likely be stable to hard, says Hitesh Kotak.
-
Reinsurance to support Asia’s climate, energy, digital, and demographic transition: MAS chairman
Insurance ecosystem, AI and alternative risk transfer markets will reinforce Singapore as Asia’s leading reinsurance hub, minister Gan Kim Yong said in the keynote address, opening this year’s SIRC.
-
Expanding into non-ILS capital pools is a priority: MS Amlin
William Ho, MS Amlin Asia Pacific CEO, discusses the evolving regional reinsurance landscape, the impact of recent cat losses, and the reinsurer’s strategic growth plans in APAC.
-
High-quality exposure data key to effective nat cat risk management: Verisk
While countries like Australia, New Zealand, and Japan have reliable geocoding and risk data, other markets, including China, India, and South-East Asia, still face gaps.
-
SIRC diary: Think Small
Given Asia's huge population and prospects for continued economic growth, it remains the case that insurance penetration rates across a swathe of product lines remain too low.do it
-
While US-exposed business can look attractive to Asian carriers, managing the volatility around the long-term results and the ability to model those losses are crucial, say BHSI’s Marc Breuil and Marcus Portbury.
-
Rising demand for elderly care and women driving consumption growth mandate carriers to develop precise solutions to meet customer expectations.
-
Liberty Specialty Markets’ Alison Campbell joins Berkley Insurance Australia as underwriter
In her new role, Brisbane-based Campbell will write general liability and financial lines of business for the carrier.
-
Australia’s NIBA appoints Phil Khoury as independent reviewer for the insurance brokers code of practice
NIBA reviews the code in consultation with stakeholders every three years to ensure it remains relevant and effective.
-
China Re Asia Pacific CEO Richard Lim set to retire
Singapore-based Lim has worked at the reinsurer for the past nine years. This year's Singapore International Reinsurance Conference will mark Lim's final involvement as part of the organising team.
-
Price Forbes Singapore appoints Jennifer Gray as director of professional risks and healthcare
Gray will focus on managing and expanding the broker's regional portfolio, leveraging her experience to drive growth through both domestic and international markets, and will be reporting to APAC CEO Philip Johnson.
-
Liberty Mutual names APAC head of claims for international insurance business amid regional leadership reshuffle
The carrier has expanded its recently formed commercial and specialty (re)insurance team with the appointment of Robert Mercer, who is succeeding Carlos Alberto Martinez who will retire by the end of the year.
-
Axa XL bolsters Asia fine art & specie team with a senior hire
Hong Kong-based Rhiannon Alban-Davies joins the specialty carrier as regional head of fine art & specie.
-
Nawaz Imam joins Blackpanda as chief financial officer
Imam has over 18 years in investment banking, asset management and technology experience.
-
Singapore Reinsurers’ Association names Kenrick Law as chairman, James Beedle as deputy chairman
Law takes over from Marc Haushofer, former senior vice president, Asia Pacific at Renaissance Re, who has served as the association’s chairman for the past eight years.
-
China Re-owned Chaucer brings onboard Ivan Sit as marine class underwriter
Sit joins from China Taiping Singapore where he spent four years as head of marine.
-
Tower CEO Blair Turnbull to step down
Turnbull will leave the Kiwi carrier on February 12, 2025, following its annual shareholder meeting.
-
Australian intermediated premiums grow 8.2% in 2023-24
While the GWP placed with Lloyd’s in the 12 months grew at a comparable pace, business placed with unauthorised foreign insurers declined marginally.
-
Alternative risk solutions on the table for non-modelled perils at 1.1 renewals
The APAC reinsurance market is transitioning from a market of corrections to a market of solutions, Tony Gallagher, CEO, Asia Pacific, Guy Carpenter tells InsuranceAsia News.
-
Hong Kong premium growth and claim frequency are converging to normal level: HKIA
According to 2023 data from the regulator, the SAR's general insurance business reported the worst overall loss ratio in five years at 62.8%, while COR sank to a near five-year low after an 8.3 percentage point deterioration year-on-year.
-
APAC 2023 marine premiums up 7.5% as global trade recovery drives cargo insurance growth
While the upswing in trade is expected to help premium growth and and the overall claims impact remained stable, uncertainty posed by geopolitical tensions and regional economic outlook could impact the sector.
-
Australian underwriters incur 23% lower public liability claims in 2023
Lloyd's public liability claims doubled and PI claims went up 13 times in the country in the last year while other insurers' PI claims were 9% higher year-on-year across all states, according to the 2023 claims data released by the Australian Prudential Regulation Authority.
-
Korean insurers’ record H1 results marred by motor results slump
Rates cuts by major players have led to a a significant deterioration in their motor portfolio in the first six months of the year, while a focus on long-term insurance products has helped the bottomlines.
-
Singapore (re)insurance market extends lead as Hong Kong hit by lacklustre UW results
While overall GWP growth in both cities were similar, the Lion City's primary insurers saw significant growth in 2023 compared with peers in the SAR, data from the cities’ regulators show.
-
Australian GI brokers see 22% growth in 2023
The GWP placed by the country's brokers with Lloyd’s underwriters in 2023 more than doubled to US$5.75bn, APRA data for last year shows.
Managing health portfolios in South-East Asia
Dr Kumud Bordoloi, Head of A&H at Peak Re
Empowering Women in Asia's Insurance Sector
Jacquelyn Goh, Senior Vice President, Country Head Singapore and Head of Asia Pacific Distribution at Allied World
Indexing Covered Calls for Insurance
Priscilla Luk, Managing Director of Global Research & Design, Asia Pacific at S&P Dow Jones IndicesIndustry insights and in-depth analysis
Our reports take deep dives into a variety of themes with comments from leading practitioners, data and proprietary analytics. Keep on top of the latest market trends and discover opportunities with our reports.
IFRS 17: "Rather than looking for temporary workarounds and tactical solutions, the efficiency of the whole end-to-end (E2E) financial reporting chain will need to be reengineered."
Martyn van Wensveen, EY